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Property profile & analytics
FOR LEASE
Commercial real estate
21 Van Blarcom Ave Midland Park, NJ 07432
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2755882
For Lease
1 / 4
$3,500/Mo
21 Van Blarcom Ave, Midland Park, NJ 07432
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
CONCRETE BLOCKS
Total area
6,708 SF
Lot
0.33 ac (14,375 SF)
APN
35 00020- 02-00002
UPID
US59-2755882
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
$1.20M
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.20M
Owner & transaction history
Vanblarcom21 LLC · 2 yrs held
Vanblarcom21 LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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 Midland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland Park 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,560,000
6.5%
$1,440,000
7%
$1,335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,965,000
Current use
OFFICE BUILDING
$1,620,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Mar 5 2024)
Last sale anchor
$1.20M
Mar 5 2024
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
$179 / 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
$23,249
Tax year 2022
Assessed value
$714,900
Assessed 2023
Previous assessed
$714,900
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$530,000
Assessed improvement
$184,900
Land market value
$530,000
Improvement market value
$184,900
Total market value
$714,900
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Year built
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
6,708 SF
Lot
0.33 ac (14,375 SF)
APN
35 00020- 02-00002
UPID
US59-2755882
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2000
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Vanblarcom21 LLC
Entity
Mailing address
21 VAN BLARCOM AVE, MIDLAND PARK, NJ 07432-1993
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
$1,200,000
Vanblarcom21 LLC
2js Realty LLC
Deed
$500,000 · Pcb Bank
Sep 20, 2016
$1,175,000
2js Realty LLC
5 Penns Realty LLC
Deed
$1,100,000 · Wilshire Bank
Dec 27, 2005
$700,000
5 Pennis Realty LLC
Boucher,robert T
Grant Deed
$500,000 · Wachovia Bank NA
—
—
Robert T Boucher
—
Deed Of Trust
related
$180,000 · Atlantic Stewardship Bank
—
—
5 Penns Realty LLC
—
Deed Of Trust
related
$1,050,000 · Columbia Bank
—
—
Penn American LLC
—
Deed Of Trust
related
$75,000 · Columbia Bank
—
—
5 Penns Realty LLC
—
Deed Of Trust
related
$380,000 · Robert T Boucher
—
—
5 Penns Realty LLC
—
Deed Of Trust
related
$75,000 · Columbia Bank
—
—
5 Penns Realty LLC
—
Deed Of Trust
related
$200,000 · Columbia 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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