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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Commercial real estate
843 State Rte 12 Frenchtown, NJ 08825-4233
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US59-1014981
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
69,600 SF
Lot
15.41 ac (671,260 SF)
Zoning code
BP
APN
16 00015-0000-00008- 04
UPID
US59-1014981
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$5.75M
Owner & transaction history
Kingwood Flex LLC · 12 yrs held
Kingwood Flex LLC
since 2014
7 recorded transactions
Zoning & alternative use
BP · Frenchtown, 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 Frenchtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frenchtown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±10%
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
$83 / 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
$104,367
Tax year 2022
Assessed value
$4,188,100
Assessed 2023
Previous assessed
$4,188,100
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$422,400
Assessed improvement
$3,765,700
Land market value
$422,400
Improvement market value
$3,765,700
Total market value
$4,188,100
Applied tax rate
16.0000
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
2008
Heating
NONE
Units
1
Total area
69,600 SF
Lot
15.41 ac (671,260 SF)
Zoning code
BP
APN
16 00015-0000-00008- 04
UPID
US59-1014981
Jurisdiction
HUNTERDON
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
BP · Frenchtown, NJ
Zoning BP · permitted uses
BP · Frenchtown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frenchtown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Units
1
Lot
15.41 ac
Current owner
From public records · entity-resolved
Kingwood Flex LLC
Entity
Mailing address
6305 KENNEDY BLVD, NORTH BERGEN, NJ 07047-3420
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
—
Not Available From The Data Source
—
Deed
related
$250,000 · Provident Bank
Feb 14, 2018
—
Kingwood Flex LLC
—
Deed
related
$843,845 · Lakeland Bk
Jun 20, 2014
$4,500,000
Kingwood Flex LLC
Spf Route 12 LLC
Trustees Deed
$3,200,000 · Lakeland Bk
Dec 9, 2013
—
Spf Route 12 LLC
Sheriff Of Hunterdon County
Trustees Deed
related
—
Oct 2, 2009
—
Route 12 Business Park LLC
—
Deed Of Trust
related
$9,642,000 · Sun National Bank
Jun 28, 2005
$1
Route 12 Business Park LLC
Vanveldhuisen,alex
Grant Deed
related
—
Sep 22, 2004
$1
Van Veldhuisen Family Ptshp
Van Veldhuisen Family Ptshp
Grant Deed
related
—
—
—
Kingwood Flex LLC
—
Deed Of Trust
related
$843,845 · Lakeland Bk
—
—
Route 12 Business Park LLC
—
Deed Of Trust
related
$700,000 · Sun National 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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