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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
1015 Broad St Bloomfield, NJ 07003-2844
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1304571
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Total area
2,167 SF
Lot
0.34 ac (14,998 SF)
Zoning code
R-1A
APN
02 00973-0000-00005
UPID
US59-1304571
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
Current use
Occupant on record · Public records
-
Neiman Alvin M CPA Accounting Firm Tax Preparation
-
Daisy’s Place Physician
-
Dr. Giselle De Andrade Alternative Medicine Practice
-
Kudisch, Oster & Company, LLC Consultant
-
Neiman and Kudisch Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$660k
Owner & transaction history
Bvn Realty Management Co LLC · 5 yrs held
Bvn Realty Management Co LLC
since 2021
Last sale
$490,000
3 recorded transactions
Zoning & alternative use
R-1A · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
off-street parking requirements. § 315-42 Signs. § 315-43 Fences. § 315-34 Establishment of zones. A. The territory of the Township of Bloomfield is hereby divided into 17 zones and two overlay districts as follows: (1) R-1A Zone - Residential, single-family, fifty-foot frontage. (2) R-1B Zone - Residential, single-family, forty-foot frontage. (3) R-2A Zone…
Zone name
Single Family
General category
RESIDENTIAL
Zone area
681.17 ac
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 Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield 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
$660,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
COMMERCIAL (GENERAL)
$535,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $490k (Jan 25 2021)
Last sale anchor
$490k
Jan 25 2021
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
$305 / 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
$15,101
Tax year 2022
Assessed value
$471,600
Assessed 2023
Previous assessed
$471,600
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$211,600
Assessed improvement
$260,000
Land market value
$211,600
Improvement market value
$260,000
Total market value
$471,600
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1912
Heating
NONE
Units
2
Total area
2,167 SF
Lot
0.34 ac (14,998 SF)
Zoning code
R-1A
APN
02 00973-0000-00005
UPID
US59-1304571
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-1A · Bloomfield, NJZoning R-1A · permitted uses
R-1A · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
off-street parking requirements. § 315-42 Signs. § 315-43 Fences. § 315-34 Establishment of zones. A. The territory of the Township of Bloomfield is hereby divided into 17 zones and two overlay districts as follows: (1) R-1A Zone - Residential, single-family, fifty-foot frontage. (2) R-1B Zone - Residential, single-family, forty-foot frontage. (3) R-2A Zone - Residential, two-family, fifty-foot frontage. (4) R-2B Zone - Residential, two-fam
Zone name
Single Family
General category
RESIDENTIAL
Zone area
681.17 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$535,000
OFFICE BUILDING 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
1912
Heating
NONE
Units
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Bvn Realty Management Co LLC
Entity
Free & Clear · 5 yrs held
Mailing address
32 LYNWOOD RD, CEDAR GROVE, NJ 07009-1970
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
$490,000
Bvn Realty Management Co LLC
Rhodes Carol L Trust
Grant Deed
—
Mar 1, 2018
—
Bvn Realty Management Co LLC
Van Note,brigitte
Grant Deed
related
—
Jun 15, 2015
—
Rhodes,carol L Trust
Rhodes,c
Quit Claim Deed
related
—
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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