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    Property profile & analytics

    119 William St Belleville, NJ 07109

    • Office buildings
    • 3,283 SF
    • 0.11 lot acres
    For Sale
    View listing
    $699,000
    Value Estimation
    Last Sale
    Jul 07, 2020
    Location Intelligence
    Property ID
    US59-0424266
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 119 William St

    Year built
    1926
    Construction
    BRICK
    Lot size
    0.11 lot acres
    Property size
    3,283 SF
    Property type
    Office buildings
    APN
    01 07505-0000-00005
    APU
    107505000000005

    Description

    This exceptional Belleville property, a former firehouse, presents a unique investment opportunity. Boasting 3,283 square feet of space on a generous 0.11-acre lot (50' x 100'), this building offers significant versatility. Currently zoned R-C, it allows for a wide range of uses beyond its current configuration as an indoor car dealership (first floor) and storage (second floor). The first floor features two 10-foot-wide garage doors, impressive 11-foot-high tin ceilings, an office, a bathroom, and ample parking. The second floor comprises several large rooms, a bathroom, and convenient access via both interior and exterior entrances. A 20-foot-wide driveway leads to a sizable rear yard, adding to the property's functionality. The building's rich history, initially serving as a firehouse and later as a township repair facility, adds character and potential. The expansive space and flexible zoning make this property ideal for a variety of commercial or residential ventures. Prospective buyers are advised to independently verify permitted uses with the Belleville Township. This is a rare chance to acquire a substantial property with significant redevelopment potential in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $425,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $370,000
      Mixed-Use
      $365,000
      Hospitality
      $385,000
      Educational
      $380,000
      Residential Income
      $445,000
      Energy
      $405,000
      Income-Based Land
      $440,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1548
    Latitude
    40.7846
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,011
    $112,500
    $199,400
    $311,900
    -
    $112,500
    $199,400
    $311,900

    Comparable in this City

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      $425,000
      2,025 SF

      484 Washington Ave

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    • Value Estimation by Request
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      412 Washington Ave, Unit 420

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      412 Washington Ave, Belleville, NJ 07109-2617
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    • Value Estimation
      $605,000
      11,605 SF

      230-234 Washington Ave, Unit 234

      OFFICE BUILDING • 11,605 SF
      230-234 Washington Ave, Belleville, NJ 07109-3169
      View Details
    • Value Estimation
      $435,000
      3,157 SF

      352 Washington Ave

      OFFICE BUILDING • 3,157 SF
      352 Washington Ave, Belleville, NJ 07109-3249
      View Details
    • Value Estimation
      $400,000
      4,635 SF

      14-20 Willet St Rear

      OFFICE BUILDING • 4,635 SF
      14-20 Willet St Rear, Belleville, NJ 07109
      View Details
    • Value Estimation
      $575,000
      6,312 SF

      14-18 Franklin St, Unit 18

      OFFICE BUILDING • 6,312 SF
      14-18 Franklin St, Belleville, NJ 07109-2294
      View Details

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    119 William St
    Belleville, NJ 07109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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