Entity Owned 
For Lease
1 / 19
$4,667/Mo
348 Bloomfield Ave, Montclair, NJ 07042
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Property summary
AI-generated overview
Commercial property in Montclair Township, New Jersey, featuring a 1,600-square-foot interior with a wide-open layout. Interior finishes include white-painted exposed brick walls, high ceilings, and oversized windows that provide natural light. The building has renovations that include updated common areas and bathrooms, an updated exterior facade, and new signage. The property is located on the corner of S. Willow Street and Bloomfield Avenue and sits on a 0.24-acre lot, with a configuration suitable for customization for business use.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1923
Construction
BRICK
Total area
21,376 SF
Lot
0.24 ac (10,598 SF)
Zoning code
C1
APN
13 03104-0000-00020
UPID
US59-1346719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Hardware & Home Improvement Building Supply
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.11M
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.91M
Owner & transaction history
since 2022
Last sale
$4.8M
1 recorded transaction
Zoning & alternative use
C1 · Montclair, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 30 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.91M
Value range
$5.32M – $6.50M
±10% around blend
Estimated value / SF
$276 / SF
Confidence
High
30 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$5.32M
blend $5.91M
$6.50M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,376 SF
Lot area
0.24 ac
Year built
1923
Stories
2
APN
13 03104-0000-00020
Zoning
C1
Assessed value
$2,068,400
Annual tax
$72,828
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.54M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.92M
@ 6.5% CAP return
$4.54M
@ 7% CAP return
$4.22M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$72,828
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.92M
Weighted, 20 comps · high confidence
Evidence
30 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.5 mi away · 17,538 SF
10.7 mi away · 20,132 SF
10.7 mi away · 16,301 SF
11.7 mi away · 17,038 SF
11.7 mi away · 17,038 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$382
-28%
Submarket 94 sales
$400
-31%
County 734 sales
$295
-6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $276/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 30 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
5.00%
Selected cap rate for this other commercial real estate
Derived from the Montclair market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$24k *
Last sale · Mar 2022
$4.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$490k
Move the market yield to see immediate price impact.
Value / SF
$23
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$22k
$490k
$441k
$401k
$24k
$544k
$490k
$445k
$27k
$598k
$539k
$490k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
30 found
High confidence · county-verified
Closest comparable
$7.35M
5.5 mi · Dec 2025 · $344/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$72,828
Tax year 2022
Assessed value
$2,068,400
Assessed 2023
Previous assessed
$2,068,400
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$596,300
Assessed improvement
$1,472,100
Land market value
$596,300
Improvement market value
$1,472,100
Total market value
$2,068,400
Applied tax rate
13.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1923
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
21,376 SF
Lot
0.24 ac (10,598 SF)
Zoning code
C1
APN
13 03104-0000-00020
UPID
US59-1346719
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Montclair, NJZoning C1 · permitted uses
C1 · Montclair, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1923
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Montclair, NJ
Recorded code
C1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Montclair, NJ.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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