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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
1515 Broad St Bloomfield, NJ 07003-3002
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-2073516
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Lot
14.27 ac (621,514 SF)
Zoning code
RO
APN
02 01231-0000-00052- 02
UPID
US59-2073516
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
-
Chevron Lummus Global Engineering Consultant
-
Universal Technical Institute Vocational School Training Center
-
Acosta Sales & Marketing Corporate Office
-
Lummus Technology Oil & Natural Gas Company
-
Cullins Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
Shelbourne Broad Street LLC · 7 yrs held
Shelbourne Broad Street LLC
since 2018
5 recorded transactions
Zoning & alternative use
RO · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
apartment. (8) B-2 Zone - Neighborhood business. (9) CBD - Central Business District. (10) CC - Community Commercial. (11) CORD - Commuter-Oriented Residential District. (12) PO/R - Professional Office/Residential. (13) RO Zone - Regional Office. (14) CD - College District Overlay. (15) M-1 Zone - General industrial. (16) PI Zone - Private institutional. (17…
Zone name
Regional Office
General category
UNKNOWN
Zone area
36.42 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
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
—
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
$869,862
Tax year 2022
Assessed value
$27,166,200
Assessed 2023
Previous assessed
$27,166,200
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$7,170,700
Assessed improvement
$19,995,500
Land market value
$7,170,700
Improvement market value
$19,995,500
Total market value
$27,166,200
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
1968
Heating
NONE
Units
1
Lot
14.27 ac (621,514 SF)
Zoning code
RO
APN
02 01231-0000-00052- 02
UPID
US59-2073516
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RO · Bloomfield, NJZoning RO · permitted uses
RO · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
apartment. (8) B-2 Zone - Neighborhood business. (9) CBD - Central Business District. (10) CC - Community Commercial. (11) CORD - Commuter-Oriented Residential District. (12) PO/R - Professional Office/Residential. (13) RO Zone - Regional Office. (14) CD - College District Overlay. (15) M-1 Zone - General industrial. (16) PI Zone - Private institutional. (17) PR Zone - Public and recreational. (18) BSRD - Bloomfield Station Redevelopment
Zone name
Regional Office
General category
UNKNOWN
Zone area
36.42 ac
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Units
1
Lot
14.27 ac
Current owner
From public records · entity-resolved
Shelbourne Broad Street LLC
Entity
Mailing address
2362 NOSTRAND AVE APT #7, BROOKLYN, NY 11210-3807
Ownership since
2018
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
Feb 3, 2026
—
Kingsbridge 2005 LLC
—
Deed
related
$142,811,806 · Reznik Paz Nevo Trusts Ltd
Oct 29, 2021
—
Broad Solar LLC
—
Deed
related
$1,390,767 · Rc5 Nj Solar LLC
Oct 17, 2018
—
Shelbourne Broad Street LLC
—
Grant Deed
related
$93,000,000 · Cantro Commerical R/e Lndg
Oct 10, 2018
$10,600,000
Shelbourne Broad Street LLC
1515 Broad St LLC
Grant Deed
—
Feb 25, 2014
—
1515 Broad St LLC Etal
1515 Broad Street Ll
Quit Claim 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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