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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
531 Lexington Ave Clifton, NJ 07011-1923
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-3082792
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Total area
4,630 SF
Lot
0.13 ac (5,450 SF)
Zoning code
B-C
APN
02 00007- 08-00012
UPID
US59-3082792
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
-
Myrto Eliades MD Physician
-
Meir Dershowitz, PA Physician
-
Narinder Sandhu, MD Physician
-
John Doerr, MD Physician Medical Clinic
-
George Kruse, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$735k
Owner & transaction history
Wheelbarrow Management LLC · 12 yrs held
Wheelbarrow Management LLC
since 2014
5 recorded transactions
Zoning & alternative use
B-C · Clifton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+18.9%
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 Clifton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
COMMERCIAL (GENERAL)
$1,015,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$159 / 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
$22,823
Tax year 2022
Assessed value
$399,700
Assessed 2023
Previous assessed
$399,700
+0.0% YoY
Effective rate
5.71%
On assessed value
Assessed land
$119,600
Assessed improvement
$280,100
Land market value
$119,600
Improvement market value
$280,100
Total market value
$399,700
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Heating
NONE
Stories
1
Units
1
Total area
4,630 SF
Lot
0.13 ac (5,450 SF)
Zoning code
B-C
APN
02 00007- 08-00012
UPID
US59-3082792
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-C · Clifton, NJ
Zoning B-C · permitted uses
B-C · Clifton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1947
Heating
NONE
Stories
1
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Wheelbarrow Management LLC
Entity
Free & Clear · 12 yrs held
Mailing address
613 KNOLLWOOD RD, FRANKLIN LAKES, NJ 07417-1709
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Apr 17, 2014
$800,000
Wheelbarrow Management LLC
Mariners Bk
Grant Deed
—
Jun 12, 2013
$100
Mariners Bk
Sheriff Of Passaic County
Trustees Deed
related
—
Jun 19, 2006
$325,000
Fadi Salim
Kaufman,jonathan
Grant Deed
$243,750 · Boiling Spring Savings & Loan
Mar 18, 1992
$95,000
Jonathan Kaufman
Unknown
Grant Deed
—
—
—
Fadi Salim
—
Deed Of Trust
related
$1,820,000 · Federal Trade Commission
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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