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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office buildings
357 Broad St Rear Bloomfield, NJ 07003-2791
Individually Owned
15-yr Hold
Free & Clear
Property ID
US59-0093327
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Total area
6,498 SF
Lot
0.26 ac (11,369 SF)
Zoning code
B-2
APN
02 00576-0000-00009
UPID
US59-0093327
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
-
Broadway Performing Arts Training Center
-
QuickChek Grocery & Convenience Store
-
NJTuesdayKizz Training Center
-
Weird NJ – Weird New Jersey, LLC Publishing House
-
Spiderweb Media Marketing & Advertising Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.08M
Owner & transaction history
357 Broad Street Of Bloomfield Ll · 15 yrs held
357 Broad Street Of Bloomfield Ll
since 2010
3 recorded transactions
Zoning & alternative use
B-2 · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+8.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,645,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,775,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,600,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,470,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$166 / 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
$24,217
Tax year 2022
Assessed value
$600,000
Assessed 2023
Previous assessed
$756,300
-20.7% YoY
Effective rate
4.04%
On assessed value
Assessed land
$396,400
Assessed improvement
$203,600
Land market value
$396,400
Improvement market value
$203,600
Total market value
$600,000
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
1957
Heating
NONE
Units
1
Total area
6,498 SF
Lot
0.26 ac (11,369 SF)
Zoning code
B-2
APN
02 00576-0000-00009
UPID
US59-0093327
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Bloomfield, NJ
Zoning B-2 · permitted uses
B-2 · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Year built
1957
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
357 Broad Street Of Bloomfield Ll
Individual
Free & Clear · 15 yrs held
Mailing address
18 SMITHFIELD RD, EAST HANOVER, NJ 07936-3068
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2010
—
357 Broad Street Of Bloomfield Ll
Gatto,irene
Grant Deed
—
May 5, 2006
$450,000
Irene Garto
17 Jek Blvd LLC
Grant Deed
—
Apr 29, 2005
$375,000
17 Jfk Blvd LLC
Robinson,genevieve C
Grant Deed
$281,250 · Columbia Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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