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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Commercial real estate
28 Bloomfield Ave, Pine Brook, NJ 07058-9903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0089686
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
15,432 SF
Lot
1 ac (43,560 SF)
Zoning code
OB1
APN
21 00170-0000-00016
UPID
US59-0089686
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
-
Samantha Orchowitz Physician
-
Counseling & Consulting Services of North Jersey LLC Psychotherapist
-
Carpel Building Maintenance Solutions Air Duct Cleaning Service Building Restoration Service
-
Zenrgy Productions LLC Nightclub Music Venue
-
Mortgage Leads Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.99M
Owner & transaction history
28 Pine Brook LLC · 4 yrs held
28 Pine Brook LLC
since 2022
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
OB1 · Pine Brook, 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 Pine Brook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine 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
Method
Estimation
Statistic approach
$2,080,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,230,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $1.85M (Jun 29 2022)
Last sale anchor
$1.85M
Jun 29 2022
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
$129 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$43,341
Tax year 2022
Assessed value
$1,556,000
Assessed 2023
Previous assessed
$1,693,000
-8.1% YoY
Effective rate
2.79%
On assessed value
Assessed land
$350,000
Assessed improvement
$1,206,000
Land market value
$350,000
Improvement market value
$1,206,000
Total market value
$1,556,000
Applied tax rate
21.0000
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
Construction
BRICK
Heating
NONE
Stories
2
Total area
15,432 SF
Lot
1 ac (43,560 SF)
Zoning code
OB1
APN
21 00170-0000-00016
UPID
US59-0089686
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OB1 · Pine Brook, NJ
Zoning OB1 · permitted uses
OB1 · Pine Brook, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pine Brook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.2M
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
Construction
BRICK
Heating
NONE
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
28 Pine Brook LLC
Entity
Mailing address
28 BLOOMFIELD AVE, PINE BROOK, NJ 07058-9903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jun 29, 2022
$1,850,000
28 Pine Brook LLC
Old Bloomfield Ave LLC
Deed
—
Apr 22, 2005
$1,250,000
Old Bloomfield Ave LLC
Sal-con Realty LLC
Grant Deed
$1,000,000 · Lakeland Bank
Aug 22, 2000
$970,000
Sal-con Realty LLC
28 Bloomfield Ave Realty Assoc
Grant Deed
$908,000 · Commerce Bank NA
—
—
Old Bloomfield Ave LLC
—
Deed Of Trust
related
$1,125,000 · Lakeland 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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