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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Commercial real estate
222 William St Belleville, NJ 07109-2444
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0965961
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1897
Construction
FRAME
Total area
6,580 SF
Lot
0.09 ac (3,829 SF)
APN
01 06705-0000-00001
UPID
US59-0965961
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
$2.10M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
222 William Nj LLC · 1 yrs held
222 William Nj LLC
since 2024
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+19.5%
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,545,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,845,000
Change: +20% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,485,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$1,380,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Sep 18 2024)
Last sale anchor
$2.10M
Sep 18 2024
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
$319 / 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
$23,574
Tax year 2023
Assessed value
$602,300
Assessed 2024
Previous assessed
$602,300
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$210,000
Assessed improvement
$392,300
Land market value
$210,000
Improvement market value
$392,300
Total market value
$602,300
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1897
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
6,580 SF
Lot
0.09 ac (3,829 SF)
APN
01 06705-0000-00001
UPID
US59-0965961
Jurisdiction
ESSEX
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1897
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
222 William Nj LLC
Entity
Mailing address
222 WILLIAM ST, BELLEVILLE, NJ 07109-2444
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$2,100,000
222 William Nj LLC
William One LLC
Deed
$1,400,000 · Ascendia Bank
May 17, 2022
—
William One LLC
—
Deed
related
$935,000 · Ukrainian Selfreliance FCU
Jan 25, 2021
$885,000
William One LLC
Soda Vincent JR.
Grant Deed
$1,020,600 · Broadview Cap LLC
May 16, 2019
—
Soda Vincent JR.
—
Deed
related
$472,500 · Sprout Mtg
—
—
Soda Vincent JR.
—
Deed Of Trust
related
$472,500 · Sprout Mtg
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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