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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Commercial real estate
222 Main St Ridgefield Park, NJ 07660-1650
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0166676
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1911
Construction
STONE
Total area
3,440 SF
Lot
0.04 ac (1,882 SF)
Zoning code
C1H
APN
50 00061-0000-00012
UPID
US59-0166676
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
-
The Blu Flower Shop (Bike/Boat/Book/etc) Store Florist
-
Flower Village (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$660k
Owner & transaction history
222 Park St LLC · 1 yrs held
222 Park St LLC
since 2024
7 recorded transactions
Zoning & alternative use
C1H · Ridgefield Park, 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 Ridgefield Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgefield 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,005,000
Current use
OFFICE BUILDING
$830,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$192 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,524
Tax year 2023
Assessed value
$596,300
Assessed 2024
Previous assessed
$596,300
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$217,700
Assessed improvement
$378,600
Land market value
$217,700
Improvement market value
$378,600
Total market value
$596,300
Applied tax rate
50.0000
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
1911
Construction
STONE
Heating
NONE
Stories
2
Total area
3,440 SF
Lot
0.04 ac (1,882 SF)
Zoning code
C1H
APN
50 00061-0000-00012
UPID
US59-0166676
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C1H · Ridgefield Park, NJZoning C1H · permitted uses
C1H · Ridgefield Park, NJ
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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$830,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1911
Construction
STONE
Heating
NONE
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
222 Park St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
305 HIGHLAND AVEA, PALISADES PARK, NJ 07650-1335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$450,000
222 Park St LLC
Kae Chul Lee
Sheriffs Deed
related
—
Feb 6, 2023
—
222 Park St LLC
—
Deed
related
$401,250 · Rflf 4 LLC
Jan 5, 2023
—
206 222 Main Street LLC
Kae Chul Lee
Sheriffs Deed
related
—
Oct 18, 2016
—
Kc Lee 222 Realty LLC
—
Deed
related
$985,000 · Bil-man Asset Management LLC
Jul 18, 2014
—
K C Lee 222 Realty LLC
Lee,kae C
Quit Claim Deed
$725,000 · Bil-man Asset Management LLC
Mar 7, 2006
$1
Kae Chul Lee
Lee,kae Chul
Grant Deed
related
—
—
—
Kc Lee 222 Realty LLC
—
Loan Modification
related
$985,000 · Bil-man Asset Management LLC
—
—
Kae C Lee
—
Deed Of Trust
related
$560,000 · Washington Mutual Fsb
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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