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Property profile & analytics
OFF-MARKET
Estimated value
$10,675,000
Commercial real estate
7 Forrestal S Rd Princeton, NJ 08540
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-2516197
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2018
Total area
120,000 SF
Lot
12.84 ac (559,528 SF)
Zoning code
PMUD
APN
18 00701-0000-00033- 07
UPID
US59-2516197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LifeSpa Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.68M
Owner & transaction history
Dl Princeton 24th St LLC · 2 yrs held
Dl Princeton 24th St LLC
since 2024
Last sale
$7.6M
4 recorded transactions
Zoning & alternative use
PMUD · Princeton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$803,520
Tax year 2022
Assessed value
$33,000,000
Assessed 2023
Previous assessed
$33,000,000
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$5,000,000
Assessed improvement
$28,000,000
Land market value
$5,000,000
Improvement market value
$28,000,000
Total market value
$33,000,000
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2018
Heating
NONE
Units
1
Total area
120,000 SF
Lot
12.84 ac (559,528 SF)
Zoning code
PMUD
APN
18 00701-0000-00033- 07
UPID
US59-2516197
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
PMUD · Princeton, NJ
Zoning PMUD · permitted uses
PMUD · Princeton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princeton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Units
1
Lot
12.84 ac
Current owner
From public records · entity-resolved
Dl Princeton 24th St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
18 E 50TH ST, NEW YORK, NY 10022-6817
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2024
$2,938,855
Dl Princeton 24th St LLC
Mc Princeton LLC
Deed
—
Jun 26, 2024
$7,553,946
Dl Princeton 24th St LLC
Mc Princeton LLC
Deed
—
Mar 21, 2019
$39,000,000
Roe Princeton LLC
Ltf Real Estate Company INC
Special Warranty Deed
$25,350,000 · Malvern Bank NA
Feb 14, 2017
$5,000,000
Ltf Real Estate Co INC
Trustees Of Princeton Univ
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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