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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
401 Broad St Westfield, NJ 07090-4104
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0529420
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1914
Total area
3,760 SF
Lot
0.06 ac (2,788 SF)
APN
20 02901-0000-00001
UPID
US59-0529420
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
-
Casa Construction & Development Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Joseph Buontempo LLC · 13 yrs held
Joseph Buontempo LLC
since 2012
7 recorded transactions
Zoning & alternative use
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$765,000
7%
$710,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$156 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,696
Tax year 2023
Assessed value
$666,200
Assessed 2024
Previous assessed
$666,200
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$338,400
Assessed improvement
$327,800
Land market value
$338,400
Improvement market value
$327,800
Total market value
$666,200
Applied tax rate
20.0000
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
1914
Heating
NONE
Total area
3,760 SF
Lot
0.06 ac (2,788 SF)
APN
20 02901-0000-00001
UPID
US59-0529420
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1914
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
Joseph Buontempo LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1020 SS AVE W, WESTFIELD, NJ 07090-1478
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2017
—
Joseph Buontempo LLC
—
Deed
related
$611,000 · Connectone Bk
Aug 23, 2017
—
Joseph Buontempo LLC
—
Deed
related
$1,864,422 · Two River Cmnty Bk
Sep 17, 2012
$600,000
Joseph Buontempo LLC
B & G Properties
Grant Deed
—
Aug 10, 2005
—
B Properties
—
Trustees Deed
related
$1,800,000 · Town Bank
Mar 1, 2002
$356,000
B Properties
Haddad Family LP
Grant Deed
—
—
—
Joseph Buontempo LLC
—
Deed Of Trust
related
$515,000 · Sovereign Bank
—
—
B Properties
—
Deed Of Trust
related
$2,475,000 · Town Bank
—
—
Joseph Buontempo LLC
—
Deed Of Trust
related
$900,000 · Two River Community Bank
—
—
B Properties
—
Deed Of Trust
related
$550,000 · Sovereign Bank
—
—
B Properties
—
Deed Of Trust
related
$320,000 · Town Bank Of Westfield
—
—
Joseph Buontempo LLC
—
Deed Of Trust
related
$1,864,422 · Two River Cmnty Bk
—
—
Joseph Buontempo LLC
—
Deed Of Trust
related
$611,000 · Connectone Bk
—
—
B Properties
—
Deed Of Trust
related
$1,600,000 · Town 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.
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