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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Commercial real estate
56 Park St Montclair, NJ 07042-2904
Entity Owned
Free & Clear
Property ID
US59-1409558
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Construction
FRAME
Total area
10,895 SF
Lot
0.8 ac (34,650 SF)
Zoning code
OR3
APN
13 02307-0000-00008
UPID
US59-1409558
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
-
William H. Connolly & Co., LLC Insurance Agency
-
Woodhouse Spa - Montclair Alternative Medicine Practice Spa & Massage Center
-
Arthur J Gallagher Risk Mgmt Services Insurance Agency
-
Leiter Christine Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.18M
Owner & transaction history
Park Street Partners LLC
Park Street Partners LLC
since 2026
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
OR3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,505,000
6.5%
$2,315,000
7%
$2,150,000
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.20M (Jan 2 2026)
Last sale anchor
$2.20M
Jan 2 2026
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
$200 / 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
$82,575
Tax year 2022
Assessed value
$2,511,400
Assessed 2023
Previous assessed
$2,511,400
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$937,700
Assessed improvement
$1,573,700
Land market value
$937,700
Improvement market value
$1,573,700
Total market value
$2,511,400
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
1880
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
10,895 SF
Lot
0.8 ac (34,650 SF)
Zoning code
OR3
APN
13 02307-0000-00008
UPID
US59-1409558
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OR3 · Montclair, NJ
Zoning OR3 · permitted uses
OR3 · 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
1880
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Park Street Partners LLC
Entity
Free & Clear · 0 yrs held
Mailing address
56 PARK ST, MONTCLAIR, NJ 07042-2904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
$2,200,000
Park Street Partners LLC
56 Park Street LLC
Deed
—
Mar 4, 2022
—
56 Park Street LLC
James Sharkey
Deed
—
Feb 21, 2006
$1
Noreen Connolly
Connolly,dolores R
Grant Deed
related
—
—
—
William H Connolly JR.
—
Deed Of Trust
related
$8,000,000 · Investors Savings Bank Fsb
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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