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Property profile & analytics
FOR LEASE
Commercial real estate
1059 Bloomfield Ave West Caldwell, NJ 07006
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1552601
For Lease
1 / 2
Contact for pricing
1059 Bloomfield Ave, West Caldwell, NJ 07006
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Construction
BRICK
Lot
0.7 ac (30,401 SF)
Zoning code
B-1
APN
21 01601-0000-00005
UPID
US59-1552601
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
-
Valley Bank Bank Loan Service
-
Valley Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Oak Street Investment Grade Net Lea · 5 yrs held
Oak Street Investment Grade Net Lea
since 2021
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
B-1 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
, apartments located above commercial establishments shall be permitted in B-1 Zone Districts, subject to the parking regulations of Subsection 20-23.4d . b. Before issuing a certificate of occupancy or a construction permit or a zoning permit for any premises intended for a permitted combination of dwelling and commercial occupancy, or which would result in…
Zone name
Special Business And Multifamily Residence
General category
INDUSTRIAL
Zone area
34.90 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 West Caldwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Caldwell 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
$2,750,000
ML approach
$2,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.18M (May 17 2021)
Last sale anchor
$2.18M
May 17 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
—
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
$31,896
Tax year 2022
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$1,200,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$751,400
Assessed improvement
$448,600
Land market value
$751,400
Improvement market value
$448,600
Total market value
$1,200,000
Applied tax rate
21.0000
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
For Lease
Year built
1973
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.7 ac (30,401 SF)
Zoning code
B-1
APN
21 01601-0000-00005
UPID
US59-1552601
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · West Caldwell, NJZoning B-1 · permitted uses
B-1 · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
, apartments located above commercial establishments shall be permitted in B-1 Zone Districts, subject to the parking regulations of Subsection 20-23.4d . b. Before issuing a certificate of occupancy or a construction permit or a zoning permit for any premises intended for a permitted combination of dwelling and commercial occupancy, or which would result in an increased number of dwelling units within a building partly occupied by business, or which would result in an increased area devoted to a business within a building partially occupied as a dwelling, the Township Code Enforcement Agency shall refer the plans to the Bureau of Fire Prevention and the Board of Health and request their respective reports as to any hazards that exist or may be expected to exist. Their recommendations as to desirable additional provisions or changes in the interest of safety shall be complied with before the certificate of occupancy or construction permit or zoning permit shall issue.
Zone name
Special Business And Multifamily Residence
General category
INDUSTRIAL
Zone area
34.90 ac
Building & site characteristics
From public records
Year built
1973
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Oak Street Investment Grade Net Lea
Entity
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$2,183,529
Oak Street Investment Grade Net Lea
Vnbnjoo1 LLC
Deed
$100,000,000 · Citibank NA
May 3, 2019
$2,183,528
Vnbnj001 LLC
Valley Natl Bk
Grant Deed
related
$65,000,000 · Wells Fargo Bk
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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