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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Residential income homes
138-140 Roseland Ave 140, Caldwell, NJ 07006-5962
Entity Owned
3-yr Hold
Property ID
US59-2174366
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1960
Total area
8,388 SF
Lot
0.26 ac (11,413 SF)
Zoning code
RDOP
APN
03 00058- 01-00003- 01
UPID
US59-2174366
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.25M
Owner & transaction history
Roseland Gem LLC · 3 yrs held
Roseland Gem LLC
since 2022
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
RDOP · Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+24.9%
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 Caldwell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$2,510,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
$2,340,000
6.5%
$2,160,000
7%
$2,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,295,000
Current use
COMMERCIAL (GENERAL)
$2,865,000
Change: +25% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,895,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $1.78M (Sep 29 2022)
Last sale anchor
$1.78M
Sep 29 2022
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
$268 / 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
$30,030
Tax year 2022
Assessed value
$993,400
Assessed 2023
Previous assessed
$993,400
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$600,000
Assessed improvement
$393,400
Land market value
$600,000
Improvement market value
$393,400
Total market value
$993,400
Applied tax rate
3.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1960
Heating
NONE
Units
1
Total area
8,388 SF
Lot
0.26 ac (11,413 SF)
Zoning code
RDOP
APN
03 00058- 01-00003- 01
UPID
US59-2174366
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RDOP · Caldwell, NJ
Zoning RDOP · permitted uses
RDOP · Caldwell, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Caldwell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) 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
1960
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Roseland Gem LLC
Entity
Mailing address
301 LAFAYETTE ST, NEWARK, NJ 07105-6883
Ownership since
2022
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
Sep 29, 2022
$1,775,000
Roseland Gem LLC
Roseland Associates LLC
Deed
$1,120,000 · Connectone Bank
Apr 23, 2014
$221,390
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jan 4, 2005
$100
Roseland Associates
Roseland Associates
Grant Deed
related
—
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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