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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Day care centers
156 Washington St Bloomfield, NJ 07003-2405
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US59-3196434
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1885
Total area
6,363 SF
Lot
0.35 ac (15,050 SF)
Zoning code
R-G
APN
02 00217-0000-00030
UPID
US59-3196434
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
-
Marigold Academy (Former Education Station) Daycare Center
-
Entrepreneur's Transfer Network Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$980k
Blend (final)
Blend
$760k
Owner & transaction history
Kjs Realty LLC · 7 yrs held
Kjs Realty LLC
since 2019
5 recorded transactions
Zoning & alternative use
R-G · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
mily, fifty-foot frontage. (2) R-1B Zone - Residential, single-family, forty-foot frontage. (3) R-2A Zone - Residential, two-family, fifty-foot frontage. (4) R-2B Zone - Residential, two-family, forty-foot frontage. (5) R-G Zone - Garden apartment. (6) R-T Zone - Residential townhouse. (7) R-H Zone - Residential, high-rise apartment. (8) B-2 Zone - Neighborh…
Zone name
Garden Apartment
General category
COMMERCIAL
Zone area
149.51 ac
Top alternative use upside
Restaurant
$1.1M
+28.6%
Office building
$1.1M
+26.7%
Commercial (general)
$920,000
+4.2%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$880,000
Current use
RESTAURANT
$1,130,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,115,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$920,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$119 / 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
$24,422
Tax year 2022
Assessed value
$762,700
Assessed 2023
Previous assessed
$762,700
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$138,000
Assessed improvement
$624,700
Land market value
$138,000
Improvement market value
$624,700
Total market value
$762,700
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1885
Heating
NONE
Units
1
Total area
6,363 SF
Lot
0.35 ac (15,050 SF)
Zoning code
R-G
APN
02 00217-0000-00030
UPID
US59-3196434
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-G · Bloomfield, NJZoning R-G · permitted uses
R-G · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
mily, fifty-foot frontage. (2) R-1B Zone - Residential, single-family, forty-foot frontage. (3) R-2A Zone - Residential, two-family, fifty-foot frontage. (4) R-2B Zone - Residential, two-family, forty-foot frontage. (5) R-G Zone - Garden apartment. (6) R-T Zone - Residential townhouse. (7) R-H Zone - Residential, high-rise apartment. (8) B-2 Zone - Neighborhood business. (9) CBD - Central Business District. (10) CC - Community Commercial.
Zone name
Garden Apartment
General category
COMMERCIAL
Zone area
149.51 ac
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$880,000
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$920,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1885
Heating
NONE
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Kjs Realty LLC
Entity
Mailing address
156 WASHINGTON ST, BLOOMFIELD, NJ 07003-2405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 25, 2026
—
Kjs Realty LLC
—
Deed
related
$717,535 · Citizens Bank NA
Jun 12, 2023
—
Kjs Realty LLC
—
Deed
related
$1,016,000 · Citizens Bank NA
Jul 8, 2019
$900,000
Kjs Realty LLC
Newwave Marketing LLC
Deed
$2,201,000 · Berkshire Bank
Dec 19, 2016
—
Newwave Marketing LLC
—
Deed
related
$600,000 · M&t Bank
—
—
Newwave Marketing LLC
—
Deed Of Trust
related
$380,000 · M&t 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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