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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
300 Broadacres Dr Bloomfield, NJ 07003-3153
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-2177426
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Lot
3.54 ac (154,028 SF)
Zoning code
RO
APN
02 01233-0000-00045
UPID
US59-2177426
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
-
Lawrence Pappas CPA Accounting Firm Tax Preparation
-
Broadacres Office Park Corporate Office
-
Skyline Automation LLC Engineering Consultant
-
McHutchison Distribution Center Logistics Company
-
Printer Source (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Broadacers Owner LLC · 9 yrs held
Broadacers Owner LLC
since 2017
5 recorded transactions
Zoning & alternative use
RO · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
apartment. (8) B-2 Zone - Neighborhood business. (9) CBD - Central Business District. (10) CC - Community Commercial. (11) CORD - Commuter-Oriented Residential District. (12) PO/R - Professional Office/Residential. (13) RO Zone - Regional Office. (14) CD - College District Overlay. (15) M-1 Zone - General industrial. (16) PI Zone - Private institutional. (17…
Zone name
Regional Office
General category
UNKNOWN
Zone area
36.42 ac
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 Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
—
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
$369,349
Tax year 2023
Assessed value
$11,302,000
Assessed 2024
Previous assessed
$11,302,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$2,655,000
Assessed improvement
$8,647,000
Land market value
$2,655,000
Improvement market value
$8,647,000
Total market value
$11,302,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Heating
NONE
Units
1
Lot
3.54 ac (154,028 SF)
Zoning code
RO
APN
02 01233-0000-00045
UPID
US59-2177426
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RO · Bloomfield, NJZoning RO · permitted uses
RO · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
apartment. (8) B-2 Zone - Neighborhood business. (9) CBD - Central Business District. (10) CC - Community Commercial. (11) CORD - Commuter-Oriented Residential District. (12) PO/R - Professional Office/Residential. (13) RO Zone - Regional Office. (14) CD - College District Overlay. (15) M-1 Zone - General industrial. (16) PI Zone - Private institutional. (17) PR Zone - Public and recreational. (18) BSRD - Bloomfield Station Redevelopment
Zone name
Regional Office
General category
UNKNOWN
Zone area
36.42 ac
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Units
1
Lot
3.54 ac
Current owner
From public records · entity-resolved
Broadacers Owner LLC
Entity
Mailing address
300 BROADACRES DR STE #126, BLOOMFIELD, NJ 07003-3153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 3, 2021
—
Broadacres Erct 1 LLC
—
Deed
related
$33,000,000 · Natixis Real Estate Capital LLC
Apr 4, 2019
—
Broadacres Owner LLC
—
Grant Deed
related
$30,000,000 · Investors Bk
Mar 8, 2017
$31,000,000
Broadacers Owner LLC
Prism Central Park Owner LLC
Trustees Deed
related
$25,000,000 · Wells Fargo Bk
Aug 29, 2012
—
Br Of Prism Central Park Owner Ll
—
Deed Of Trust
related
$22,500,000 · Sovereign Bank
Jul 31, 2006
$52,800
Br Of Prism Central Park Owner Ll
Alfieri Bloomfield Assocs
Grant Deed
$26,500,000 · * Other Institutional Lenders
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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