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Property profile & analytics
OFF-MARKET
Residential income homes
Rte 206 Hillsborough, NJ 08844
Individually Owned
4-yr Hold
Free & Clear
Property ID
US59-2315208
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Total area
1,446 SF
Lot
14.06 ac (612,454 SF)
Zoning code
GV
APN
10 00141-0000-00030- 02
UPID
US59-2315208
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of New Jersey · 4 yrs held
State Of New Jersey
since 2021
Last sale
$284,000
7 recorded transactions
Zoning & alternative use
GV · Hillsborough, 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 Hillsborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsborough 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
—
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
$648,463
Tax year 2022
Assessed value
$29,040,000
Assessed 2023
Previous assessed
$29,040,000
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$10,164,000
Assessed improvement
$18,876,000
Land market value
$10,164,000
Improvement market value
$18,876,000
Total market value
$29,040,000
Applied tax rate
10.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Heating
NONE
Units
1
Rooms
10
Total area
1,446 SF
Lot
14.06 ac (612,454 SF)
Zoning code
GV
APN
10 00141-0000-00030- 02
UPID
US59-2315208
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GV · Hillsborough, NJZoning GV · permitted uses
GV · Hillsborough, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Units
1
Rooms
10
Lot
14.06 ac
Current owner
From public records · entity-resolved
State Of New Jersey
Individual
Free & Clear · 4 yrs held
Mailing address
929 US HWY 202, RARITAN, NJ 08869-1419
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$284,000
State Of New Jersey
Brookhaven Lofts LLC
Deed
—
Jan 3, 2018
—
Brookhaven II LLC
—
Grant Deed
related
$26,950,000 · Pnc Bk
Dec 11, 2017
—
Brookhaven II LLC
Brookhaven Lofts LLC
Quit Claim Deed
related
—
Aug 10, 2017
—
Brookhaven Lofts LLC
Route 206 Ents LLC
Grant Deed
related
—
Dec 4, 2013
—
Route 206 Ents LLC
Alma Holdings LLC
Grant Deed
related
—
Jul 13, 2011
—
Alma Holdings LLC
Pec Builders INC
Grant Deed
related
—
Dec 13, 2004
$1
Pec Builders INC
Pec Builders INC
Grant Deed
related
—
—
—
Route 206 Ents LLC
—
Deed Of Trust
related
$36,257,000 · Pnc Bk
—
—
Alma Holdings LLC
—
Deed Of Trust
related
$3,800,000 · Gerald Miller
—
—
Pec Builders INC
—
Deed Of Trust
related
$3,800,000 · Gerald Miller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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