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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Residential income homes
8 Main St, High Bridge, NJ 08829-1913
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2035299
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1925
Construction
FRAME
Total area
3,756 SF
Lot
0.22 ac (9,583 SF)
Zoning code
DB
APN
14 00029- 01-00004
UPID
US59-2035299
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$545k
Owner & transaction history
Grastian Rose LLC · 2 yrs held
Grastian Rose LLC
since 2023
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
DB · High Bridge, 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 High Bridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Bridge 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
Method
Estimation
Statistic approach
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$660,000
Current use
COMMERCIAL (GENERAL)
$625,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $575k (Sep 12 2023)
Last sale anchor
$575k
Sep 12 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / 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
$23,411
Tax year 2022
Assessed value
$638,300
Assessed 2023
Previous assessed
$638,300
+0.0% YoY
Effective rate
3.67%
On assessed value
Assessed land
$72,500
Assessed improvement
$565,800
Land market value
$72,500
Improvement market value
$565,800
Total market value
$638,300
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Total area
3,756 SF
Lot
0.22 ac (9,583 SF)
Zoning code
DB
APN
14 00029- 01-00004
UPID
US59-2035299
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
DB · High Bridge, NJ
Zoning DB · permitted uses
DB · High Bridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Bridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Grastian Rose LLC
Entity
Mailing address
52 SLIKER RD, GLEN GARDNER, NJ 08826-3333
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$575,000
Grastian Rose LLC
Julio Ramirez
Deed
—
Jul 25, 2023
$655,000
Rachel Renner
Dennis J Murphy
Deed
$466,400 · Dennis J Murphy Etal
Nov 22, 2004
$1
Jg Realty LLC
Komline-sanderson Engineering
Quit Claim Deed
related
—
—
—
Dennis J Murphy
—
Deed Of Trust
related
$200,000 · Weichert Financial Services
—
—
Dennis J Murphy
—
Deed Of Trust
related
$325,000 · Peapack Gladstone Bank
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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