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Property profile & analytics
OFF-MARKET
Commercial real estate
198 Market St Saddle Brook, NJ 07663-5419
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2682911
Property summary
AI-generated overview
This beautifully renovated Saddle Brook, NJ Colonial at 198 Market St offers a unique blend of residential living and commercial potential, priced at $714,999. The property boasts three bedrooms, one full bathroom, and two half bathrooms, thoughtfully designed for comfort and convenience. The main floor features an open-concept kitchen perfect for entertaining, complemented by a living room with a cozy fireplace. A fully finished basement provides ample space, ideal for a home office, studio, or rental income generation. The property's commercial zoning in Bergen County unlocks exciting income opportunities. Situated in a desirable neighborhood, this mixed-use property offers proximity to amenities, schools, and transportation, providing both convenience and a vibrant community atmosphere. This exceptional property presents a rare opportunity to acquire a home with significant commercial upside in a prime New Jersey location. The property's address is 198 Market St, Saddle Brook, NJ 07663, and its zip code is 07663.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
BRICK
Total area
1,610 SF
Lot
0.11 ac (5,001 SF)
APN
57 00515-0000-00003
UPID
US59-2682911
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
198 Market Street Sb LLC · 3 yrs held
198 Market Street Sb LLC
since 2023
Last sale
$450,000
4 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 Saddle Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saddle Brook 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$9,630
Tax year 2022
Assessed value
$419,900
Assessed 2023
Previous assessed
$419,900
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$167,400
Assessed improvement
$252,500
Land market value
$167,400
Improvement market value
$252,500
Total market value
$419,900
Applied tax rate
57.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1930
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
1,610 SF
Lot
0.11 ac (5,001 SF)
APN
57 00515-0000-00003
UPID
US59-2682911
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ 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
Building & site characteristics
From public records
Year built
1930
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
198 Market Street Sb LLC
Entity
Mailing address
198 MARKET ST, SADDLE BROOK, NJ 07663-5419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
$450,000
198 Market Street Sb LLC
198 Market Street LLC
Deed
—
Feb 7, 2023
$400,000
198 Market Street LLC
John R Pinto
Deed
—
Sep 16, 2020
—
John Pinto
—
Deed
related
$235,000 · New Jersey Lenders Corp
—
—
John R Pinto
—
Deed Of Trust
related
$25,000 · Summit 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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