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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
1177 Broad St Bloomfield, NJ 07003-2951
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1257020
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Total area
1,664 SF
Lot
0.16 ac (6,996 SF)
Zoning code
R-1A
APN
02 01084-0000-00009
UPID
US59-1257020
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
-
Medical Marijuana Doctor NJ | Mario Szuchman MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$420k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$510k
Owner & transaction history
Rajeshkumar S Barot · 1 yrs held
Rajeshkumar S Barot
since 2025
Last sale
$600,000
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$455,000
6.5%
$420,000
7%
$390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$420,000
Current use
COMMERCIAL (GENERAL)
$410,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $600k (Jan 23 2025)
Last sale anchor
$600k
Jan 23 2025
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
$306 / 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
$12,353
Tax year 2022
Assessed value
$385,800
Assessed 2023
Previous assessed
$385,800
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$190,900
Assessed improvement
$194,900
Land market value
$190,900
Improvement market value
$194,900
Total market value
$385,800
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
1952
Heating
NONE
Units
2
Total area
1,664 SF
Lot
0.16 ac (6,996 SF)
Zoning code
R-1A
APN
02 01084-0000-00009
UPID
US59-1257020
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
$420,000
COMMERCIAL (GENERAL)
Est. value
$410,000
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
1952
Heating
NONE
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Rajeshkumar S Barot
Individual
Mailing address
1177 BROAD ST, BLOOMFIELD, NJ 07003-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
$600,000
Rajeshkumar S Barot
Mario Szuchman
Deed
$480,000 · Deephaven Mortgage LLC
Aug 21, 2017
—
Mario Szuchman
—
Deed
related
$30,000 · Santander Bank NA
Jan 17, 2006
$1
Mario Szuchman
Szuchman,mario & Robyn
Grant Deed
related
—
—
—
Mario Szuchman
—
Deed Of Trust
related
$50,000 · Bank One NA
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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