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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Bars & Pubs
534-536 Un Ave 536 Belleville, NJ 07109-2263
Entity Owned
~
Est. High Equity
Property ID
US59-1005685
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1917
Total area
4,923 SF
Lot
0.12 ac (5,018 SF)
APN
01 07103-0000-00001
UPID
US59-1005685
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$635k
Owner & transaction history
Mcq381 LLC
Mcq381 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+15.9%
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 Belleville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belleville 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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$875,000
Current use
AUTO REPAIR, GARAGE
$1,015,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: -9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$765,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$129 / 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
$31,717
Tax year 2022
Assessed value
$823,600
Assessed 2023
Previous assessed
$823,600
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$165,800
Assessed improvement
$657,800
Land market value
$165,800
Improvement market value
$657,800
Total market value
$823,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1917
Heating
NONE
Stories
2
Units
1
Total area
4,923 SF
Lot
0.12 ac (5,018 SF)
APN
01 07103-0000-00001
UPID
US59-1005685
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$765,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1917
Heating
NONE
Stories
2
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Mcq381 LLC
Entity
Mailing address
109 MERCER ST, HIGHTSTOWN, NJ 08520-3713
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
$900,000
Mcq381 LLC
R Square Realty LLP
Deed
$785,600 · Bank Of America NA
Apr 11, 2019
—
R Square Realty LLP
—
Deed
related
$530,000 · Atlantic Stewardship Bk
Nov 27, 2018
$325,000
R Square Realty LLP
Kloss,michael
Correction Deed
—
Apr 20, 2018
$325,000
R Square Realty LLP
Kloss,michael
Grant Deed
—
Nov 14, 2003
$350,000
Michael Kloss
538 Union Avenue INC
Grant Deed
related
$243,750 · Interbay Fndg
—
—
R Square Realty LLP
—
Deed Of Trust
related
$530,000 · Atlantic Stewardship Bk
—
—
Michael J Kloss JR.
—
Deed Of Trust
related
$300,000 · Franklin 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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