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Property profile & analytics
OFF-MARKET
Residential income homes
428 Frnt St Belvidere, NJ 07823-1529
Entity Owned
3-yr Hold
Property ID
US59-3143049
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1888
Construction
FRAME
Total area
2,160 SF
Lot
0.08 ac (3,485 SF)
Zoning code
B
APN
03 00017-0000-00006
UPID
US59-3143049
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
100 Acre Wood LLC · 3 yrs held
100 Acre Wood LLC
since 2022
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
B · Belvidere, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed into the following zones, differentiated according to use, area and bulk requirements, to be designated as follows: [1] R-100 Single-Family Residential R-75 Single-Family Residential R-M Multiple-Dwelling Residential B Business - Retail C Business - General and Commercial CH Courthouse OSR Open Space Recreation LM Light Manufacturing MFATWFH Multi-Family…
Zone name
Business Retail
General category
COMMERCIAL
Zone area
35.15 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 Belvidere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belvidere 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,365
Tax year 2022
Assessed value
$280,000
Assessed 2023
Previous assessed
$280,000
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$120,000
Assessed improvement
$160,000
Land market value
$120,000
Improvement market value
$160,000
Total market value
$280,000
Applied tax rate
3.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1888
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Total area
2,160 SF
Lot
0.08 ac (3,485 SF)
Zoning code
B
APN
03 00017-0000-00006
UPID
US59-3143049
Jurisdiction
WARREN
Zoning & alternative use
B · Belvidere, NJZoning B · permitted uses
B · Belvidere, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed into the following zones, differentiated according to use, area and bulk requirements, to be designated as follows: [1] R-100 Single-Family Residential R-75 Single-Family Residential R-M Multiple-Dwelling Residential B Business - Retail C Business - General and Commercial CH Courthouse OSR Open Space Recreation LM Light Manufacturing MFATWFH Multi-Family Age Targeted Work Force Housing BO Business Overlay [1] Editor's Note: The R-50 D
Zone name
Business Retail
General category
COMMERCIAL
Zone area
35.15 ac
Building & site characteristics
From public records
Year built
1888
Construction
FRAME
Heating
NONE
Stories
2
Units
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
100 Acre Wood LLC
Entity
Mailing address
203 BRKS BLVD, MANVILLE, NJ 08835-1397
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$300,000
100 Acre Wood LLC
Someday Group LLC
Deed
$240,000 · Civic Financial Services LLC
Apr 25, 2019
$164,950
Antonio M Sousa
Enslin,james
Grant Deed
$123,713 · Wells Fargo Bk
Jul 26, 2007
$205,000
James Enslin
Toupet,jason
Grant Deed
$164,000 · Sullivan Financial
Oct 12, 2001
$105,000
Jason Toupet
Stein,lawrence
Grant Deed
$84,000 · Wells Fargo Home Mortgage INC
Sep 30, 1988
$154,000
Lawrence / Stein
Unknown
Grant Deed
—
—
—
Frederick D Richards
—
Deed Of Trust
related
$7,200 · Investors Savings Bank Fsb
—
—
James M Enslin
—
Deed Of Trust
related
$160,000 · Fifth Third Mortgage Co
—
—
Jason Toupet
—
Deed Of Trust
related
$113,600 · Weichert Financial Services
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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