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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Office buildings
112 Broad St Bloomfield, NJ 07003-2576
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-3057821
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
4,725 SF
Lot
0.26 ac (11,400 SF)
Zoning code
POR
APN
02 00245-0000-00016
UPID
US59-3057821
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
-
Brown & Karosen Law Firm
-
Murphy Delia J Law Firm
-
Essex Literacy Center: Multisensory Tutoring in Reading and Writing Training Center Tutoring Service
-
Shaievitz Law Firm Law Firm
-
Superior Water Damage Repair Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$970k
Owner & transaction history
Athreeya Limited Liability Company · 3 yrs held
Athreeya Limited Liability Company
since 2023
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
POR · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
er must reside in the home. (b) The practitioner shall not engage the services of more than one office employee. Use of the office by other persons shall not be permitted. (c) Except for home professional offices in the POR Zone, which shall be permitted to use the entire ground floor for the professional office use, a home occupation shall occupy less than…
Zone name
Professional Office And Residential
General category
COMMERCIAL
Zone area
25.12 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
$970,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,195,000
Current use
COMMERCIAL (GENERAL)
$1,160,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $700k (Aug 8 2023)
Last sale anchor
$700k
Aug 8 2023
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
$205 / 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
$20,813
Tax year 2022
Assessed value
$600,000
Assessed 2023
Previous assessed
$650,000
-7.7% YoY
Effective rate
3.47%
On assessed value
Assessed land
$342,000
Assessed improvement
$258,000
Land market value
$342,000
Improvement market value
$258,000
Total market value
$600,000
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
1920
Heating
NONE
Units
1
Total area
4,725 SF
Lot
0.26 ac (11,400 SF)
Zoning code
POR
APN
02 00245-0000-00016
UPID
US59-3057821
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
POR · Bloomfield, NJZoning POR · permitted uses
POR · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
er must reside in the home. (b) The practitioner shall not engage the services of more than one office employee. Use of the office by other persons shall not be permitted. (c) Except for home professional offices in the POR Zone, which shall be permitted to use the entire ground floor for the professional office use, a home occupation shall occupy less than 50% of the total area of the floor where located, excluding space used for a privat
Zone name
Professional Office And Residential
General category
COMMERCIAL
Zone area
25.12 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
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
1920
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Athreeya Limited Liability Company
Entity
Mailing address
112 BROAD ST, BLOOMFIELD, NJ 07003-2576
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2023
$700,000
Athreeya Limited Liability Company
B K Uire LLC
Deed
—
Nov 1, 2006
$350,000
Bk Esquires LLC
Ballan,linda
Grant Deed
related
—
Nov 1, 2006
$1
Bk Esquires LLC
Karosen,laurence E
Grant Deed
related
—
Oct 19, 2006
$350,000
Bk Esquires LLC
Owner,record
Grant Deed
related
—
—
—
Bk Esquires LLC
—
Deed Of Trust
related
$400,000 · Columbia Bank
—
—
Bk Esquires LLC
—
Deed Of Trust
related
$364,000 · Laurence E & Alberta A Karosen
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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