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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Industrial properties
289 Clay Ave Roselle Park, NJ 07204-1976
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1036747
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Total area
3,198 SF
Lot
0.09 ac (3,999 SF)
Zoning code
B-1
APN
15 00308-0000-00003
UPID
US59-1036747
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
-
Electrical Applications Inc Electrical Service General Contractor
-
CarJunky Automotive Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$359k
Blend (final)
Blend
$565k
Owner & transaction history
Bulldog Properties LLC · 5 yrs held
Bulldog Properties LLC
since 2021
Last sale
$500,000
6 recorded transactions
Zoning & alternative use
B-1 · Roselle Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$650,000
+17.7%
Commercial (general)
$595,000
+7.7%
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 Roselle Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roselle 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
$645,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$515,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$555,000
Current use
OFFICE BUILDING
$650,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $500k (Feb 1 2021)
Last sale anchor
$500k
Feb 1 2021
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
$177 / 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
$12,305
Tax year 2022
Assessed value
$297,000
Assessed 2023
Previous assessed
$297,000
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$80,000
Assessed improvement
$217,000
Land market value
$80,000
Improvement market value
$217,000
Total market value
$297,000
Applied tax rate
15.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
3,198 SF
Lot
0.09 ac (3,999 SF)
Zoning code
B-1
APN
15 00308-0000-00003
UPID
US59-1036747
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Roselle Park, NJ
Zoning B-1 · permitted uses
B-1 · Roselle Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roselle Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$595,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Bulldog Properties LLC
Entity
Mailing address
3 ROGER NORTON PL, CRANFORD, NJ 07016-3346
Ownership since
2021
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 9, 2022
—
Bulldog Properties LLC
—
Deed
related
$393,750 · Td Bank NA
Feb 1, 2021
$500,000
Bulldog Properties LLC
Frank Gallicchio
Deed
$455,000 · Frank Gallicchio
Dec 1, 2020
$500,000
Bulldog Properties LLC
Frank Gallicchio
Grant Deed
$455,000 · Frank Gallicchio
Jun 20, 2007
—
Frank Gallicchio
Gallicchio,frank
Quit Claim Deed
related
—
—
—
Anthony Coscia
—
Deed Of Trust
related
$40,599 · Summit Bank
—
—
Frank Gallicchio
—
Deed Of Trust
related
$250,000 · Bank Of America
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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