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Property profile & analytics
OFF-MARKET Estimated value $570,000
Commercial real estate

520 Bloomfield Ave Caldwell, NJ 07006-5577

2,754 SF 0.28 ac lot Built 1940
Individually Owned 6-yr Hold Free & Clear
Property ID
US59-1977417
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 2,754 SF
Lot 0.28 ac (12,000 SF)
Zoning code B
APN 03 00041-0000-00012- 05
UPID US59-1977417
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
$450k
CAP Approach CAP
$585k
Comparable Approach Comparable
$416k
Blend (final) Blend
$570k
Owner & transaction history
Biqi Chen · 6 yrs held
Biqi Chen
since 2019
1 recorded transaction
2019
$575,000
Zoning & alternative use
B · Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Massage, bodywork and somatic therapy. While massage parlors remain a prohibited use, massage, bodywork and somatic therapy shall be permitted as an accessory use in the B General Business District, provided the following requirements are satisfied: [Added 3-8-2005 by Ord. No. 1152-05 ] (1) The use is accessory to one of the following principal uses: beauty…

Zone name General Business
General category COMMERCIAL
Zone area 48.63 ac
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