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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Commercial real estate
416 Bloomfield Ave Montclair, NJ 07042-3537
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1500177
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1909
Construction
BRICK
Total area
11,103 SF
Lot
0.14 ac (6,000 SF)
Zoning code
C1
APN
13 03106-0000-00009
UPID
US59-1500177
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
-
Fi Repairs Electronics & Wireless Store Computer & Electronic Repair
-
Ink & Honey Medical Clinic Skin Care Clinic
-
Lure Lash Hair Salon Nail Salon
-
London Food Company (Bike/Boat/Book/etc) Store
-
George Diebold Advertising Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$2.30M
Owner & transaction history
Mjpg Bloomfield LLC · 1 yrs held
Mjpg Bloomfield LLC
since 2024
Last sale
$2.3M
1 recorded transaction
Zoning & alternative use
C1 · Montclair, 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 Montclair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montclair 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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$2,555,000
6.5%
$2,355,000
7%
$2,190,000
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Sep 18 2024)
Last sale anchor
$2.30M
Sep 18 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
$207 / 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
$72,719
Tax year 2023
Assessed value
$2,005,500
Assessed 2024
Previous assessed
$2,005,500
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,555,500
Land market value
$450,000
Improvement market value
$1,555,500
Total market value
$2,005,500
Applied tax rate
13.0000
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
1909
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
11,103 SF
Lot
0.14 ac (6,000 SF)
Zoning code
C1
APN
13 03106-0000-00009
UPID
US59-1500177
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Montclair, NJ
Zoning C1 · permitted uses
C1 · Montclair, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montclair. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1909
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mjpg Bloomfield LLC
Entity
Mailing address
53 W 36TH ST #4, NEWARK, NJ
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$2,300,000
Mjpg Bloomfield LLC
P And D Zimmerman Family LP
Deed
$11,800,000 · Flushing 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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