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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Commercial real estate
460 Bloomfield Ave Verona, NJ 07044-2006
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0137558
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Total area
6,604 SF
Lot
0.11 ac (4,800 SF)
Zoning code
C1
APN
20 00701-0000-00001
UPID
US59-0137558
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
-
Juan Carlos Fernandez, SRES, ABR -- Realtor Real Estate Agency
-
Brittany Renee Studio Hair Salon Nail Salon
-
Vaughn A Smith Real Estate Agency
-
Anne Lisa Realtor @ Hearth Realty Group Real Estate Agency
-
HDC Enterprises Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.41M
Owner & transaction history
Hearth Property Management LLC · 5 yrs held
Hearth Property Management LLC
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
C1 · Verona, 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 Verona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Verona 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
$1,470,000
ML approach
$1,510,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.17M (Mar 25 2021)
Last sale anchor
$1.17M
Mar 25 2021
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
$213 / 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
$28,284
Tax year 2022
Assessed value
$945,000
Assessed 2023
Previous assessed
$945,000
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$414,700
Assessed improvement
$530,300
Land market value
$414,700
Improvement market value
$530,300
Total market value
$945,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1951
Heating
NONE
Stories
2
Units
1
Total area
6,604 SF
Lot
0.11 ac (4,800 SF)
Zoning code
C1
APN
20 00701-0000-00001
UPID
US59-0137558
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Verona, NJ
Zoning C1 · permitted uses
C1 · Verona, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Verona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Stories
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Hearth Property Management LLC
Entity
Mailing address
460 BLOOMFIELD AVE, VERONA, NJ 07044-2006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Hearth Property Management LLC
—
Deed
related
$535,000 · Trenton Business Assistance Corporation
Mar 25, 2021
$1,170,000
Hearth Property Management LLC
Verona Investment Group LLC
Bargain And Sale Deed
$658,000 · Provident Bank
Mar 25, 2021
—
Heather Property Management LLC
—
Deed
related
$526,400 · Provident Bank
Jun 7, 2007
—
Verona Investment Group LLC
Good,robert
Grant Deed
—
Jan 13, 2004
$669,000
Good,robert
Wardel Properties INC
Grant Deed
$450,000 · Norcrown Bk
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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