Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Commercial real estate
557 Bloomfield Ave 559 Montclair, NJ 07042-2802
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1198356
Property summary
AI-generated overview
This exceptional 2nd-floor office space, located at 557 Bloomfield Avenue, Unit 201 in Montclair, New Jersey, presents a fantastic opportunity for a professional business. Boasting four generously sized rooms, this suite is perfect for a variety of office configurations. A private bathroom adds to the convenience and privacy. The space is bathed in natural sunlight, creating a bright and welcoming atmosphere. Recent upgrades include fresh paint throughout and brand new flooring, enhancing the overall aesthetic appeal. The efficient and newer HVAC system ensures year-round climate control, providing optimal comfort. Central air conditioning is also included. The property is classified as General Commercial and is offered at a monthly rental rate of $3050. Its prime location on Bloomfield Avenue in Montclair offers excellent visibility and accessibility. This is an ideal space for professionals seeking a well-maintained, modern, and conveniently located office environment. The property sits on a 0-acre lot. The square footage is not currently specified. Serious inquiries are encouraged.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
BRICK
Total area
6,030 SF
Lot
0.09 ac (3,850 SF)
Zoning code
C1
APN
13 02211-0000-00010
UPID
US59-1198356
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
$2.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.65M
Owner & transaction history
Bhk Realty LLC · 1 yrs held
Bhk Realty LLC
since 2024
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
C1 · Montclair, 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 Montclair submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montclair 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
$2,650,000
ML approach
$2,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.65M (Jul 31 2024)
Last sale anchor
$2.65M
Jul 31 2024
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
$439 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$43,349
Tax year 2023
Assessed value
$1,195,500
Assessed 2024
Previous assessed
$1,195,500
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$356,300
Assessed improvement
$839,200
Land market value
$356,300
Improvement market value
$839,200
Total market value
$1,195,500
Applied tax rate
13.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
6,030 SF
Lot
0.09 ac (3,850 SF)
Zoning code
C1
APN
13 02211-0000-00010
UPID
US59-1198356
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Montclair, NJ
Zoning C1 · permitted uses
C1 · Montclair, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montclair. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Bhk Realty LLC
Entity
Mailing address
585 RIDGEWOOD AVE, GLEN RIDGE, NJ 07028-1932
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 31, 2024
$2,650,000
Bhk Realty LLC
K A & J Realty LLC
Deed
—
Apr 6, 2022
—
K A & J Realty LLC
—
Deed
related
$650,000 · Lakeland Bank
Dec 21, 2004
$1
K A & J Realty LLC
Areson,john G
Grant Deed
$400,000 · Greater Community Bank
—
—
Ka & J Realty LLC
—
Deed Of Trust
related
$800,000 · Greater Community Bank
—
—
Ka & J Realty LLC
—
Deed Of Trust
related
$50,000 · Greater Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 557 Bloomfield Ave, Unit 559?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
