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Property profile & analytics
OFF-MARKET
Estimated value
$3,995,000
Super regional malls
54 Washington Ave 64 Belleville, NJ 07109-2930
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US59-1137245
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1986
Total area
28,596 SF
Lot
1.24 ac (54,014 SF)
APN
01 08503-0000-00002
UPID
US59-1137245
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
$4.00M
Owner & transaction history
50 Washington Ave LLC · 15 yrs held
50 Washington Ave LLC
since 2010
6 recorded transactions
Zoning & alternative use
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,900,000
Change: 0% · Conversion: Difficult
RESTAURANT
$5,090,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,640,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,445,000
Change: 0% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,670,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,790,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.39M · ±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
$140 / 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
$104,786
Tax year 2022
Assessed value
$2,721,000
Assessed 2023
Previous assessed
$2,721,000
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$600,000
Assessed improvement
$2,121,000
Land market value
$600,000
Improvement market value
$2,121,000
Total market value
$2,721,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Units
1
Total area
28,596 SF
Lot
1.24 ac (54,014 SF)
APN
01 08503-0000-00002
UPID
US59-1137245
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
AUTO REPAIR, GARAGE
Est. value
$5.9M
RESTAURANT
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (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
1986
Heating
NONE
Stories
1
Units
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
50 Washington Ave LLC
Entity
Mailing address
PO BOX 1376, NEW YORK, NY 10018-0020
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2010
$971,340
50 Washington Ave LLC
Jomark Ents LP
Grant Deed
—
—
—
50 Washington Ave LLC
—
Deed Of Trust
related
$3,500,000 · Lakeland Bk
—
—
50 Washington Ave LLC
—
Deed Of Trust
related
$2,500,000 · Provident Savings Bank
—
—
50 Washington Ave LLC
—
Deed Of Trust
related
$3,200,000 · Israel Discount Bk/ny
—
—
50 Wa Ave LLC
—
Deed Of Trust
related
$3,500,000 · Lakeland Bk
—
—
50 Wa Ave LLC
—
Deed Of Trust
related
$1,400,000 · Lakeland 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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