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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Super regional malls
13 Washington Ave 25, Belleville, NJ 07109-2922
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0819980
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1952
Construction
FRAME
Total area
10,243 SF
Lot
0.52 ac (22,651 SF)
APN
01 07502-0000-00015
UPID
US59-0819980
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
-
Amazon Hub Locker - Roag Courier Service Postal Service
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
905 John Realty LLC · 18 yrs held
905 John Realty LLC
since 2008
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,115,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,825,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,660,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,590,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,000,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$990,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$155 / 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
$43,547
Tax year 2022
Assessed value
$1,130,800
Assessed 2023
Previous assessed
$1,130,800
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$494,000
Assessed improvement
$636,800
Land market value
$494,000
Improvement market value
$636,800
Total market value
$1,130,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1952
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
10,243 SF
Lot
0.52 ac (22,651 SF)
APN
01 07502-0000-00015
UPID
US59-0819980
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$990,000
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1952
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
905 John Realty LLC
Entity
Mailing address
237 W 37TH ST RM #703, NEW YORK, NY 10018-5853
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
25 Wa Ave LLC
—
Grant Deed
related
$1,800,000 · Columbia Bk
Jun 27, 2008
$1,100,000
905 John Realty LLC
Delorenzo,sebastian
Grant Deed
$150,000 · Sebastian Delorenzo
Mar 28, 2007
—
Sebastian Delorenzo
—
Trustees Deed
related
$50,000 · Jack & Fern Gold
Mar 9, 2005
$540,000
Sebastian Delorenzo
Lozzi,donald E
Grant Deed
$530,000 · John Rienstra
—
—
25 Washington Ave LLC
—
Deed Of Trust
related
$1,700,000 · Lakeland Bk
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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