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Property profile & analytics
OFF-MARKET
Commercial real estate
613 Springfield Ave Berkeley Heights, NJ 07922-1090
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-2826334
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1949
Construction
FRAME
Total area
1,673 SF
Lot
0.26 ac (11,108 SF)
Zoning code
HB-2
APN
01 00503-0000-00006
UPID
US59-2826334
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
-
Service Apex (Bike/Boat/Book/etc) Store Printing Service
-
Berkeley's Cuts for Kids Hair Salon
-
Eldib Engineering & Research Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T & T Real Estate Holdings LLC · 11 yrs held
T & T Real Estate Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
HB-2 · Berkeley Heights, 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 Berkeley Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,325
Tax year 2022
Assessed value
$245,900
Assessed 2023
Previous assessed
$245,900
+0.0% YoY
Effective rate
4.20%
On assessed value
Assessed land
$155,500
Assessed improvement
$90,400
Land market value
$155,500
Improvement market value
$90,400
Total market value
$245,900
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
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
1949
Construction
FRAME
Heating
NONE
Stories
1
Total area
1,673 SF
Lot
0.26 ac (11,108 SF)
Zoning code
HB-2
APN
01 00503-0000-00006
UPID
US59-2826334
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
HB-2 · Berkeley Heights, NJ
Zoning HB-2 · permitted uses
HB-2 · Berkeley Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berkeley Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
T & T Real Estate Holdings LLC
Entity
Mailing address
29 GILLETTE RD, GILLETTE, NJ 07933-1301
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2016
—
T & T Real Estate Holdings LLC
—
Deed
related
$357,500 · Emigrant Funding Corp
Jan 5, 2015
—
T & T Real Estate Holdings LLC
Tedesco Brothers LLC
Grant Deed
—
Sep 9, 2009
$325,500
Tedesco Brothers LLC
Flores,lucia
Grant Deed
—
Aug 31, 2009
$325,500
Tedesco Brothers LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 11, 2007
$402,000
Lucia Flores
Eldib,ibrahim A
Grant Deed
$301,500 · Interbay Funding LLC
—
—
Gerald C Yotcoski
—
Deed Of Trust
related
$60,000 · Summit Bank
—
—
Ibrahim A Eldib
—
Deed Of Trust
related
$52,258 · Citifinancial Services INC
—
—
Ibrahim A Eldib
—
Deed Of Trust
related
$84,024 · Citifinancial Services INC
—
—
Gerald C Yotcoski
—
Deed Of Trust
related
$67,650 · Ft Mortgage Co
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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