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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Office buildings
400 Belleville Ave Bloomfield, NJ 07003-3299
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1507488
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
2,297 SF
Lot
0.07 ac (2,879 SF)
Zoning code
R-1B
APN
02 00249-0000-00048
UPID
US59-1507488
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
400 Belleville Ave LLC · 3 yrs held
400 Belleville Ave LLC
since 2022
Last sale
$258,000
7 recorded transactions
Zoning & alternative use
R-1B · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 315-34 Establishment of zones. A. The territory of the Township of Bloomfield is hereby divided into 17 zones and two overlay districts as follows: (1) R-1A Zone - Residential, single-family, fifty-foot frontage. (2) R-1B Zone - Residential, single-family, forty-foot frontage. (3) R-2A Zone - Residential, two-family, fifty-foot frontage. (4) R-2B Zone - Re…
Zone name
Single Family
General category
RESIDENTIAL
Zone area
438.21 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 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
$365,000
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$365k
Range $329k – $402k · ±10% · vs last sale $258k (Sep 23 2022)
Last sale anchor
$258k
Sep 23 2022
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
$159 / 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
$8,047
Tax year 2022
Assessed value
$251,300
Assessed 2023
Previous assessed
$251,300
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$148,100
Assessed improvement
$103,200
Land market value
$148,100
Improvement market value
$103,200
Total market value
$251,300
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
1910
Heating
NONE
Units
1
Total area
2,297 SF
Lot
0.07 ac (2,879 SF)
Zoning code
R-1B
APN
02 00249-0000-00048
UPID
US59-1507488
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-1B · Bloomfield, NJZoning R-1B · permitted uses
R-1B · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 315-34 Establishment of zones. A. The territory of the Township of Bloomfield is hereby divided into 17 zones and two overlay districts as follows: (1) R-1A Zone - Residential, single-family, fifty-foot frontage. (2) R-1B Zone - Residential, single-family, forty-foot frontage. (3) R-2A Zone - Residential, two-family, fifty-foot frontage. (4) R-2B Zone - Residential, two-family, forty-foot frontage. (5) R-G Zone - Garden apartment. (6) R-
Zone name
Single Family
General category
RESIDENTIAL
Zone area
438.21 ac
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
400 Belleville Ave LLC
Entity
Mailing address
1 PARROTT DR, PARSIPPANY, NJ 07054-3335
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
400 Belleville Ave LLC
—
Deed
related
$322,000 · Selfreliance FCU
Nov 29, 2022
—
400 Belleville Ave LLC
—
Deed
related
$100,000 · Milind Parikh
Sep 23, 2022
$258,000
400 Belleville Ave LLC
Tjc Realty LLC
Deed
—
Mar 22, 2018
—
Tjc Realty LLC
—
Deed
related
$175,000 · Rms LLC
Mar 4, 2015
$200,000
Tjc Realty LLC
Lobue,joseph III
Grant Deed
—
Nov 21, 2008
—
Joseph Lobue III
Tasco,diana M
Grant Deed
—
—
—
Tjc Realty LLC
—
Deed Of Trust
related
$175,000 · Rms LLC
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.
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