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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Commercial real estate
291 Park Ave 297 Paterson, NJ 07513-1429
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-2503526
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
1,485 SF
Lot
0.22 ac (9,486 SF)
Zoning code
B-2
APN
08 03818-0000-00005
UPID
US59-2503526
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
-
Luna Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Malqui Financial Group Tax Preparation
-
Lucky Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Victor E Ruiza · 1 yrs held
Victor E Ruiza
since 2024
Last sale
$795,000
6 recorded transactions
Zoning & alternative use
B-2 · Paterson, 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 Paterson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paterson 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
$795,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $795k (Aug 16 2024)
Last sale anchor
$795k
Aug 16 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
$535 / 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
$24,329
Tax year 2022
Assessed value
$524,100
Assessed 2023
Previous assessed
$524,100
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$60,800
Assessed improvement
$463,300
Land market value
$60,800
Improvement market value
$463,300
Total market value
$524,100
Applied tax rate
8.0000
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
1
Total area
1,485 SF
Lot
0.22 ac (9,486 SF)
Zoning code
B-2
APN
08 03818-0000-00005
UPID
US59-2503526
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Paterson, NJ
Zoning B-2 · permitted uses
B-2 · Paterson, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paterson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Victor E Ruiza
Individual
Free & Clear · 1 yrs held
Mailing address
4 BROCK LN, HACKETTSTOWN, NJ 07840-5677
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Victor E Ruiza
Victor E Ruiz
Intrafamily Transfer
related
—
Jan 7, 2008
—
Caesar Malqui
—
Trustees Deed
related
$30,000 · Spanish Transportation Svc Cor
Sep 28, 2007
$795,000
Victor E Ruiz
Malquit Financial Group INC
Grant Deed
$636,000 · Rosa Ruiz
Jan 4, 2007
—
Cesar Malqui
—
Trustees Deed
related
$150,000 · Spanish Transportation Service
Nov 13, 2006
—
Malqui Financial Group INC
—
Trustees Deed
related
$80,000 · Amc Financial
Aug 2, 2005
$360,000
Malqui Financial Group INC
Breton,gisela
Grant Deed
related
$308,000 · Wachovia Bank NA
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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