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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Bars & Pubs
157 Westfield Ave Roselle Park, NJ 07204-2020
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2763947
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Construction
BRICK
Total area
6,796 SF
Lot
0.13 ac (5,740 SF)
APN
15 00903-0000-00001
UPID
US59-2763947
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
-
House 157 Restaurant & Bar Restaurant
-
Caracitas Corporation Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
De Luxury Event Planning & Rentals · 3 yrs held
De Luxury Event Planning & Rentals
since 2022
Last sale
$650,000
7 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 Roselle Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roselle Park 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
$765,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,085,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $650k (Nov 17 2022)
Last sale anchor
$650k
Nov 17 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
$103 / 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
$19,265
Tax year 2022
Assessed value
$465,000
Assessed 2023
Previous assessed
$465,000
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$138,700
Assessed improvement
$326,300
Land market value
$138,700
Improvement market value
$326,300
Total market value
$465,000
Applied tax rate
15.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Construction
BRICK
Heating
NONE
Stories
1
Total area
6,796 SF
Lot
0.13 ac (5,740 SF)
APN
15 00903-0000-00001
UPID
US59-2763947
Jurisdiction
UNION
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
RESTAURANT Current
Est. value
$1.1M
RESTAURANT Current
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
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
De Luxury Event Planning & Rentals
Individual
Mailing address
985 ARNET AVE, UNION, NJ 07083-7601
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
$650,000
De Luxury Event Planning & Rentals
Americos Realty LLC
Deed
$1,015,000 · Newtek Small Business Finance LLC
Sep 29, 2017
—
Americos Realty LLC
—
Deed
related
$50,000 · Valley Nat'l Bk
Jan 11, 2011
$400,000
Americos Realty LLC
Funchal INC
Deed
$300,000 · Lusitania Savings Bank
—
—
Americos Realty LLC
—
Loan Modification
related
$50,000 · Valley Nat'l Bk
—
—
Imedio INC
—
Deed Of Trust
related
$125,000 · First Bankamericano
—
—
Funchal INC
—
Deed Of Trust
related
$350,000 · First Bankamericano
—
—
Americos Realty LLC
—
Deed Of Trust
related
$50,000 · Crown Bank
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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