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Property profile & analytics
OFF-MARKET
Commercial real estate
206 Westfield Ave Clark, NJ 07066-1539
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1536349
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Construction
FRAME
Total area
2,024 SF
Lot
0.2 ac (8,851 SF)
Zoning code
CO
APN
02 00133-0000-00014
UPID
US59-1536349
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
-
Worldwide Security Partners Security Service
-
New Jersey Real Estate Referral Group Real Estate Agency
-
Daunno Realty Services, LLC Real Estate Agency
-
Your Local Notary Public Law Firm
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
Starlite Properties LLC · 1 yrs held
Starlite Properties LLC
since 2025
6 recorded transactions
Zoning & alternative use
CO · Clark, NJ
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 Clark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clark 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
$10,008
Tax year 2022
Assessed value
$472,500
Assessed 2023
Previous assessed
$472,500
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$271,400
Assessed improvement
$201,100
Land market value
$271,400
Improvement market value
$201,100
Total market value
$472,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1948
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,024 SF
Lot
0.2 ac (8,851 SF)
Zoning code
CO
APN
02 00133-0000-00014
UPID
US59-1536349
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CO · Clark, NJ
Zoning CO · permitted uses
CO · Clark, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clark. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Starlite Properties LLC
Entity
Mailing address
206 WESTFIELD AVE, CLARK, NJ 07066-1539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Starlite Properties LLC
Starlite Properties LLC
Deed
related
$358,175 · Td Bank NA
May 23, 2019
$430,000
Starlite Properties LLC
Nadeem Enterprises LLC
Deed
—
Feb 20, 2018
$405,000
Nadeem Ents LLC
Freedman & Freedman LLC
Grant Deed
—
Apr 27, 1994
$350,000
Milwicz Freedman
Bellomo,eleanor
Grant Deed
$350,000 · Sellers Financed
—
—
Freedman & Freedman LLC
—
Deed Of Trust
related
$40,000 · Jaskewicz Andrew (es)
—
—
Freedman & Freedman LLC
—
Deed Of Trust
related
$360,000 · Peapack Gladstone 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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