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Property profile & analytics
OFF-MARKET
Estimated value
$3,625,000
Commercial real estate
1170 Bloomfield Ave West Caldwell, NJ 07006-7118
Entity Owned
18-yr Hold
Free & Clear
Property ID
US59-2906350
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
FRAME
Total area
14,942 SF
Lot
4.25 ac (185,130 SF)
Zoning code
R-3
APN
21 01700-0000-00003
UPID
US59-2906350
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
-
Paul Miller Honda of West Caldwell Car Dealership
-
Paul Miller Honda of West Caldwell - Parts Auto Parts Store
-
Paul Miller Honda of West Caldwell - Service Auto Repair Shop Vehicle Inspection Center
-
Paul Miller Auto Group Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$3.63M
Owner & transaction history
Performance Realty Group LLC · 18 yrs held
Performance Realty Group LLC
since 2007
3 recorded transactions
Zoning & alternative use
R-3 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Single-family detached dwellings subject to the standards of the R-3 Zone. b. On a tract of at least four acres in area, multi-family dwellings in residential clusters, including townhouses, at a maximum density of 7.5 dwelling units per gross acre with the acreage determined prior to any right-of-way dedication for widening of existing roads. Any residentia…
Zone name
Single Family Residence
General category
INDUSTRIAL
Zone area
695.77 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,435,000
6.5%
$3,170,000
7%
$2,945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,100,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,085,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.63M
Range $3.26M – $3.99M · ±10%
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
$243 / 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
$164,796
Tax year 2022
Assessed value
$6,200,000
Assessed 2023
Previous assessed
$6,200,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$3,920,400
Assessed improvement
$2,279,600
Land market value
$3,920,400
Improvement market value
$2,279,600
Total market value
$6,200,000
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
Off-Market
Year built
1968
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
14,942 SF
Lot
4.25 ac (185,130 SF)
Zoning code
R-3
APN
21 01700-0000-00003
UPID
US59-2906350
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-3 · West Caldwell, NJZoning R-3 · permitted uses
R-3 · West Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Single-family detached dwellings subject to the standards of the R-3 Zone. b. On a tract of at least four acres in area, multi-family dwellings in residential clusters, including townhouses, at a maximum density of 7.5 dwelling units per gross acre with the acreage determined prior to any right-of-way dedication for widening of existing roads. Any residential cluster project shall provide on-site dwelling units for low- and moderate-income households, consistent with the regulations of the New Jersey Council on Affordable Housing so that the project satisfies the low- and moderate-income housing need generated by the market-rate units in the project. At least 80% of all dwelling units shall be townhouses. All market rate units and the maximum of all units consistent with COAH regulations shall have no more than two bedrooms.
Zone name
Single Family Residence
General category
INDUSTRIAL
Zone area
695.77 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
4.25 ac
Current owner
From public records · entity-resolved
Performance Realty Group LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1170 BLOOMFIELD AVE, WEST CALDWELL, NJ 07006-7118
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Dec 10, 2007
$6,700,000
Performance Realty Group LLC
S & A Realty INC
Grant Deed
—
—
—
1170 Performance Realty Group
—
Deed Of Trust
related
$5,160,720 · American Honda Finance Corp
—
—
S & A Realty INC
—
Deed Of Trust
related
$3,000,000 · J P Morgan Chase 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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