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Property profile & analytics
FOR LEASE
Grocery and convenience stores
411 Main St East Orange, NJ 07018
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1270553
For Lease
$25 SF/Yr
411 Main St, East Orange, NJ 07018
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1929
Total area
6,664 SF
Lot
0.26 ac (11,500 SF)
APN
05 00385-0000-00001- 01
UPID
US59-1270553
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
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Blackpool Investors Group Ltd · 2 yrs held
Blackpool Investors Group Ltd
since 2024
Last sale
$896,601
3 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 East Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Orange 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
$895,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,375,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,185,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$790,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$650,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$630,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $897k (Aug 1 2024)
Last sale anchor
$897k
Aug 1 2024
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
$134 / 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
$18,067
Tax year 2023
Assessed value
$570,300
Assessed 2024
Previous assessed
$570,300
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$230,000
Assessed improvement
$340,300
Land market value
$230,000
Improvement market value
$340,300
Total market value
$570,300
Applied tax rate
5.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1929
Heating
NONE
Units
1
Total area
6,664 SF
Lot
0.26 ac (11,500 SF)
APN
05 00385-0000-00001- 01
UPID
US59-1270553
Jurisdiction
ESSEX
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$650,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
OFFICE BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1929
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Blackpool Investors Group Ltd
Entity
Free & Clear · 2 yrs held
Mailing address
240 W GRAND AVE STE #101, ENGLEWOOD, NJ 07631-4352
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 1, 2024
—
Blackpool Investors Group Ltd
Thomas J Caleca
Sheriffs Deed
related
—
Dec 7, 2022
—
411 Main St LLC
—
Deed
related
$4,000,000 · Rms LLC
Nov 28, 2017
$896,601
411 Main St LLC
Blackpool Investors Group Ltd
Grant Deed
$791,118 · Blackpool Investors Group Ltd
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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