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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Turn key restaurants
378 Bergen Blvd Fairview, NJ 07022-3100
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US59-1775093
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
17,047 SF
Lot
0.29 ac (12,624 SF)
Zoning code
RB
APN
18 00409-0000-00001
UPID
US59-1775093
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
-
OMPBS LLC Big Box & Wholesale Store
-
Verdi Music Academy Vocational School Training Center
-
Fitlife Center Gym & Fitness Center
-
Good News Stationery & Deli Take-out & Catering Catering Service
-
하늘샘 교회 Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Dongin Plaza LLC · 16 yrs held
Dongin Plaza LLC
since 2009
7 recorded transactions
Zoning & alternative use
RB · Fairview, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fairview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview 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
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,115,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$43 / 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
$90,191
Tax year 2022
Assessed value
$4,058,300
Assessed 2023
Previous assessed
$4,058,300
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$447,700
Assessed improvement
$3,610,600
Land market value
$447,700
Improvement market value
$3,610,600
Total market value
$4,058,300
Applied tax rate
18.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Heating
NONE
Total area
17,047 SF
Lot
0.29 ac (12,624 SF)
Zoning code
RB
APN
18 00409-0000-00001
UPID
US59-1775093
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
RB · Fairview, NJ
Zoning RB · permitted uses
RB · Fairview, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.1M
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
1977
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Dongin Plaza LLC
Entity
Mailing address
378 BERGEN BLVD, FAIRVIEW, NJ 07022-3100
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2018
—
Dongin Plaza LLC
—
Deed
related
$1,600,000 · Woori America Bk
Sep 4, 2009
$3,600,000
Dongin Plaza LLC
C & C Fairview LLC
Grant Deed
—
Sep 4, 2009
$2,200,000
C & C Fairview LLC
Vanick Plaza Associates LLC
Grant Deed
—
Apr 27, 2006
$2,200,000
C & C Fairview LLC
Vanick Plaza Associates LLC
Grant Deed
—
—
—
C & C Fairview LLC
—
Deed Of Trust
related
$1,430,000 · Woori America Bank
—
—
Dongin Plaza LLC
—
Deed Of Trust
related
$1,850,000 · Noah Bank
—
—
Dongin Plaza LLC
—
Deed Of Trust
related
$1,600,000 · Woori America Bk
—
—
C Fairview
—
Deed Of Trust
related
$2,600,000 · Woori America 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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