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    Property profile & analytics

    318 Chestnut St Roselle Park, NJ 07204-1941

    • Office buildings
    • 4,104 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Last Sale
    May 26, 2021
    $630,000
    Location Intelligence
    Property ID
    US59-1219618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Malcolm Schwartz, MD / Pediatrician
    • Leff Stuart DO / Internist
    • Dr. Danny J Gomez / Surgeon / Doctor
    • Todd E. Stevens, DPM / Podiatrist / Doctor
    • Dr. Kenneth S. Ring, MD / Doctor

    Property Details for 318 Chestnut St

    Construction
    CONCRETE BLOCKS
    Lot size
    0.22 lot acres
    Property size
    4,104 SF
    Zone code
    ROB
    Property type
    Office buildings
    APN
    15 00513-0000-00011
    APU
    1500513000000011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $535,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $560,000
      Mixed-Use
      $500,000
      Hospitality
      $525,000
      Educational
      $565,000
      Residential Income
      $545,000
      Energy
      $595,000
      Income-Based Land
      $565,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Roselle Park
    County
    Union
    State
    New Jersey
    Longitude
    -74.2652
    Latitude
    40.6647
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $27,443
    $135,000
    $394,000
    $529,000
    -
    $135,000
    $394,000
    $529,000

    Comparable in this City

    • Value Estimation
      $325,000
      1,200 SF

      138 Webster Ave

      OFFICE BUILDING • 1,200 SF
      138 Webster Ave, Roselle Park, NJ 07204
      View Details
    • Value Estimation
      $315,000
      3,553 SF

      83 Westfield Ave

      OFFICE BUILDING • 3,553 SF
      83 Westfield Ave, Roselle Park, NJ 07204-2207
      View Details
    • Value Estimation
      $420,000
      3,445 SF

      240 Chestnut St

      OFFICE BUILDING • 3,445 SF
      240 Chestnut St, Roselle Park, NJ 07204
      View Details
    • Value Estimation by Request
      16,461 SF

      430 Westfield Ave

      OFFICE BUILDING • 16,461 SF
      430 Westfield Ave, Roselle Park, NJ 07204-2433
      View Details
    • Value Estimation by Request
      16,854 SF

      472 Westfield Ave

      OFFICE BUILDING • 16,854 SF
      472 Westfield Ave, Roselle Park, NJ 07204-2432
      View Details
    • Value Estimation
      $2,595,000
      15,870 SF

      236 Westfield Ave

      OFFICE BUILDING • 15,870 SF
      236 Westfield Ave, Roselle Park, NJ 07204-2084
      View Details

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    318 Chestnut St
    Roselle Park, NJ 07204-1941
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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