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Property profile & analytics
FOR LEASE
Commercial real estate
251 Clifton Ave Clifton, NJ 07011
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-3047312
For Lease
$3,210,000
251 Clifton Ave, Clifton, NJ 07011
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
TYPE NOT SPECIFIED
Total area
19,575 SF
Lot
1.17 ac (50,965 SF)
Zoning code
B-C
APN
02 00008- 08-00001
UPID
US59-3047312
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
-
STEFANIE B SCHEINGOLD Physician
-
Innovative Renal Care Clifton Dialysis Center Medical Clinic
-
Dr. Chinatu Ego-Osuala Dental Office
-
ANKITA SARIPELLA Physician
-
DENISE FURES Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$3.21M
Owner & transaction history
Theodore Oakse INC · 21 yrs held
Theodore Oakse INC
since 2005
4 recorded transactions
Zoning & alternative use
B-C · Clifton, 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 Clifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton 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%
$4,050,000
6.5%
$3,740,000
7%
$3,475,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,285,000
Current use
OFFICE BUILDING
$3,605,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±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
$164 / 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
$112,114
Tax year 2023
Assessed value
$1,935,000
Assessed 2024
Previous assessed
$1,935,000
+0.0% YoY
Effective rate
5.79%
On assessed value
Assessed land
$1,053,700
Assessed improvement
$881,300
Land market value
$1,053,700
Improvement market value
$881,300
Total market value
$1,935,000
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
For Lease
Year built
1940
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
4
Total area
19,575 SF
Lot
1.17 ac (50,965 SF)
Zoning code
B-C
APN
02 00008- 08-00001
UPID
US59-3047312
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-C · Clifton, NJ
Zoning B-C · permitted uses
B-C · Clifton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.6M
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
1940
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Units
4
Lot
1.17 ac
Current owner
From public records · entity-resolved
Theodore Oakse INC
Entity
Mailing address
169 RAMAPO VLY RDML7, OAKLAND, NJ 07436-2509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Jul 14, 2025
—
Clifton Ml Associates LP
—
Deed
related
$1,400,000 · Kearny Bank
Feb 17, 2005
$1
Theodore Oakse INC
Paramount Escrow & Transfer
Grant Deed
$1,000,000 · Greater Community Bank
Oct 28, 2004
$1,000,000
Escrow Paramount
C & M Manufacturing Co INC
Grant Deed
$1,000,000 · Greater Community Bank
—
—
Damian Valencia
—
Deed Of Trust
related
$15,000 · Beneficial New Jersey INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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