Entity Owned 
For Lease
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Contact for pricing
36 Newark Ave, Belleville, NJ 07109
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Property summary
AI-generated overview
The property includes a 6,139-square-foot space located within a fully accredited acute care medical facility. The facility is affiliated with RWJ Barnabas Health and provides healthcare services and programs including a comprehensive cancer center, breast health and disease management center, and a radiation oncology department, along with emergency services and cardiac services. The facility features on-site parking for visitors and patients.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
48,998 SF
Lot
1.29 ac (56,192 SF)
APN
01 02202-0000-00008
UPID
US59-1092518
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic Physician
-
Physician Medical Clinic
-
Physician
-
Physician
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.30M
Comparable Approach
Comparable
$11.11M
Blend (final)
Blend
$10.67M
Owner & transaction history
since 2023
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Apartment house (5+ units)
$13.8M
+33.7%
Commercial (general)
$11.5M
+11.9%
Industrial (general)
$11.1M
+7.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.67M
Value range
$9.60M – $11.74M
±10% around blend
Estimated value / SF
$218 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
$9.60M
blend $10.67M
$11.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
48,998 SF
Lot area
1.29 ac
Year built
1989
Stories
3
APN
01 02202-0000-00008
Assessed value
$6,761,700
Annual tax
$264,653
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.30M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.33M
@ 6.5% CAP return
$12.30M
@ 7% CAP return
$11.43M
4
Sales comparison
Partial preview
Sales approach indication
$4.98M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.3 mi away · 45,700 SF
23.5 mi away · 58,804 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.67M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 54 sales
$210
+4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $218/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+34%
vs current-use indication
Commercial (general)
Industrial (general)
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.76M
Move the market yield to see immediate price impact.
Value / SF
$138
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$426k
$8.52M
$6.09M
$4.73M
$473k
$9.47M
$6.76M
$5.26M
$521k
$10.41M
$7.44M
$5.79M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.70M
11.1 mi · Feb 2026 · $34/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$264,653
Tax year 2023
Assessed value
$6,761,700
Assessed 2024
Previous assessed
$6,761,700
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$1,032,000
Assessed improvement
$5,729,700
Land market value
$1,032,000
Improvement market value
$5,729,700
Total market value
$6,761,700
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Heating
NONE
Stories
3
Units
1
Total area
48,998 SF
Lot
1.29 ac (56,192 SF)
APN
01 02202-0000-00008
UPID
US59-1092518
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
3
Units
1
Lot
1.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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