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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Office buildings
1187 Main Ave Clifton, NJ 07011-2252
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1489782
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1923
Total area
21,066 SF
Lot
0.83 ac (36,240 SF)
Zoning code
B-C
APN
02 00011- 20-00018
UPID
US59-1489782
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
-
Dr. Michael Mund Ophthalmologist
-
The Law Office of Silverman & Roedel Law Firm
-
NJ Spine Doc Alternative Medicine Practice
-
Richman Robert A DC Alternative Medicine Practice
-
Vibrant Smiles Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.76M
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$4.53M
Owner & transaction history
1187 Main Partners LLC · 3 yrs held
1187 Main Partners LLC
since 2023
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
B-C · Clifton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+18.9%
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 Clifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton 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
$4,560,000
ML approach
$4,760,000
CAP Approach
CAP Return
Estimation
6%
$5,730,000
6.5%
$5,290,000
7%
$4,910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,880,000
Current use
COMMERCIAL (GENERAL)
$4,610,000
Change: +19% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,320,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.40M (Jun 6 2023)
Last sale anchor
$4.40M
Jun 6 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
$215 / 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
$77,085
Tax year 2022
Assessed value
$1,350,000
Assessed 2023
Previous assessed
$1,350,000
+0.0% YoY
Effective rate
5.71%
On assessed value
Assessed land
$477,100
Assessed improvement
$872,900
Land market value
$477,100
Improvement market value
$872,900
Total market value
$1,350,000
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
1923
Heating
NONE
Total area
21,066 SF
Lot
0.83 ac (36,240 SF)
Zoning code
B-C
APN
02 00011- 20-00018
UPID
US59-1489782
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-C · Clifton, NJ
Zoning B-C · permitted uses
B-C · Clifton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1923
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
1187 Main Partners LLC
Entity
Mailing address
11 LIBERTY CT, FAIRFIELD, NJ 07004-1587
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
$4,400,000
1187 Main Partners LLC
1187 Main Avenue Associates LLC
Bargain And Sale Deed
$1,760,000 · 1187 Main Avenue Associates LLC
Jan 4, 2010
—
1187 Main Avenue Assocs LLC
1187 Main Avenue Associates
Quit Claim Deed
—
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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