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    Property profile & analytics

    190 Franklin St Belleville, NJ 07109-1041

    • Gas stations
    • 3,190 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0094399
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Silver Lake Pit Stop / Gas Station / Convenience Store

    Property Details for 190 Franklin St

    Year built
    1951
    Construction
    CONCRETE BLOCKS
    Lot size
    0.18 lot acres
    Property size
    3,190 SF
    Property type
    Gas stations
    APN
    01 00403-0000-00001
    APU
    100403000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $742,000
      Market price range: $743k - $1.30M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1826
    Latitude
    40.7833
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,129
    $195,000
    $249,800
    $444,800
    -
    $195,000
    $249,800
    $444,800

    Comparable in this City

    • Value Estimation
      $440,000
      1,723 SF

      506-510 Un Ave, Unit 510

      GAS STATION • 1,723 SF
      506-510 Un Ave, Belleville, NJ 07109-2216
      View Details
    • Value Estimation
      $530,000
      1,296 SF

      127 Belleville Ave

      GAS STATION • 1,296 SF
      127 Belleville Ave, Belleville, NJ 07109-2903
      View Details
    • Value Estimation
      $640,000
      1,568 SF

      368 Franklin Ave, Unit 378

      GAS STATION • 1,568 SF
      368 Franklin Ave, Belleville, NJ 07109-1704
      View Details
    • Value Estimation by Request
      1,440 SF

      520 Joralemon St, Unit 526

      GAS STATION • 1,440 SF
      520 Joralemon St, Belleville, NJ 07109-1844
      View Details
    • Value Estimation
      $460,000
      1,960 SF

      463 Main St, Unit 473

      GAS STATION • 1,960 SF
      463 Main St, Belleville, NJ 07109-3233
      View Details
    • Value Estimation
      $485,000
      1,314 SF

      69-73 Un Ave, Unit 73

      GAS STATION • 1,314 SF
      69-73 Un Ave, Belleville, NJ 07109-1608
      View Details

    Similar Nearby for Sale

    • New
      $2,400,000

      Commercial Property in Busy District

      Commercial property in a busy business district, Belleville Twp., NJ.
      32 Washington Ave, Belleville, NJ 07109
      View Details
    • New
      $2,400,000
      0.11 Acres

      Commercial Property in Busy District

      Commercial property in a busy business district, suitable for storage.
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    • $300,000
      3,069 SF

      Established Laundromat Business For Sale

      Well-maintained laundromat business on a high-traffic street in Belleville.
      129 Washington Ave, Belleville, NJ 07109
      View Details
    • $849,000
      6,660 SF

      Proposed Mixed-Use Development Project

      Proposed mixed-use development with commercial, office, and residential spaces.
      132 Belmont Ave, Belleville, NJ 07109
      View Details
    • $900,000

      Retail Property in Growing Area

      Well-maintained retail building with basement and backyard in Belleville.
      540-542-542 Un Ave, Belleville, NJ 07109
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      Mixed-Use Development Opportunity, Approved Plans

      Approved mixed-use development site with 24 units and commercial space.
      46 Franklin St, Belleville, NJ 07109
      View Details

    Similar Nearby for Lease

    • $1,395 /Mo

      Spacious Storefront in Growing District

      Storefront unit for rent in Bellville's growing business district.
      64-68 Franklin St Store, Belleville, NJ 07109
      View Details
    • $1,200 /Mo

      Belleville Commercial Space For Lease

      Storefront suitable for various businesses in Belleville Twp., NJ.
      528 Union Ave, Belleville, NJ 07109
      View Details
    • $5,000 /Mo
      2,000 SF

      Belleville Retail Space For Rent

      2,000 sq ft retail space in a developing neighborhood.
      137 Washington Ave, Belleville, NJ 07109
      View Details
    • $1,500 /Mo

      Storefront in High-Traffic Location

      Storefront for lease in a visible, high-traffic area.
      121-123 Washington Ave, Belleville, NJ 07109
      View Details
    • $4,950 /Mo
      2,000 SF

      Retail Space in Belleville Twp.

      Retail property for rent in Belleville Twp., NJ.
      137-145 Washington Ave, Belleville, NJ 07109
      View Details
    • Contact for pricing
      4,929 SF

      Retail or Restaurant Space Available

      Retail or restaurant space for lease with dedicated parking.
      78-102 Washington Ave, Belleville, NJ 07109
      View Details

    Property Visit Statistics

    • Visits by month
      63.2k
    • Visitors by month
      40.0k
    • Avg Time on site
      19 min
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    190 Franklin St
    Belleville, NJ 07109-1041
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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