Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Commercial real estate
349 Northfield Rd Livingston, NJ 07039-4802
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1303146
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Lot
1.12 ac (48,657 SF)
Zoning code
P-B3
APN
10 02504-0000-00020
UPID
US59-1303146
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
-
Family Healing Center Medical Clinic
-
Valley Arts Dental Dental Office
-
Dr. Suzanne M. Verbesky, DPM Physician
-
Hypertension & Renal Physicians Physician
-
Groisser Daniel S MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Altera Northfield LLC · 3 yrs held
Altera Northfield LLC
since 2023
4 recorded transactions
Zoning & alternative use
P-B3 · Livingston, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ghway Business District. § 170-109.1 BN Neighborhood Business District. § 170-110 P-B Professional Building District. § 170-111 P-B1 Professional Office District. § 170-112 P-B2 Professional Office District. § 170-112.1 P-B3 Professional Office District. § 170-113 D-S Designed Shopping Center District. § 170-114 D-S2 Designed Shopping Center District. § 170-…
Zone name
Professional Office District
General category
COMMERCIAL
Zone area
12.77 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 Livingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livingston 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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±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 2022Property tax & assessments
Tax year 2022
Tax billed
$407,932
Tax year 2022
Assessed value
$10,600,000
Assessed 2023
Previous assessed
$17,485,300
-39.4% YoY
Effective rate
3.85%
On assessed value
Assessed land
$2,337,000
Assessed improvement
$8,263,000
Land market value
$2,337,000
Improvement market value
$8,263,000
Total market value
$10,600,000
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1971
Heating
NONE
Units
1
Lot
1.12 ac (48,657 SF)
Zoning code
P-B3
APN
10 02504-0000-00020
UPID
US59-1303146
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
P-B3 · Livingston, NJZoning P-B3 · permitted uses
P-B3 · Livingston, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ghway Business District. § 170-109.1 BN Neighborhood Business District. § 170-110 P-B Professional Building District. § 170-111 P-B1 Professional Office District. § 170-112 P-B2 Professional Office District. § 170-112.1 P-B3 Professional Office District. § 170-113 D-S Designed Shopping Center District. § 170-114 D-S2 Designed Shopping Center District. § 170-115 R-L Research Laboratory District. § 170-116 R-L2 Research Laboratory District. §
Zone name
Professional Office District
General category
COMMERCIAL
Zone area
12.77 ac
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Units
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Altera Northfield LLC
Entity
Mailing address
5910 N CENTRAL EXPY STE #1360, DALLAS, TX 75206-5144
Ownership since
2023
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
Nov 8, 2023
—
Altera Northfield LLC
—
Deed
related
$180,500,000 · Capital One NA
Jan 30, 2023
—
Altera Northfield LLC
349 Associates LLC
Sheriffs Deed
related
—
Sep 29, 2010
—
349 Associates LLC
—
Deed Of Trust
related
$10,500,000 · Bank Of China
May 25, 2007
—
349 Associates LLC
—
Deed Of Trust
related
$10,500,000 · Bank Of China
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 349 Northfield Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
