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Property profile & analytics
OFF-MARKET
Commercial real estate
640 Bloomfield Ave Verona, NJ 07044-1804
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-3208079
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
6,098 SF
Lot
0.13 ac (5,641 SF)
Zoning code
CBD
APN
20 01702-0000-00018
UPID
US59-3208079
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
-
Sabor de mi Tierra Verona Restaurant
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
640 Bloomfield Avenue LLC · 6 yrs held
640 Bloomfield Avenue LLC
since 2020
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CBD · Verona, 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 Verona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Verona 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
$25,441
Tax year 2022
Assessed value
$850,000
Assessed 2023
Previous assessed
$850,000
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$284,100
Assessed improvement
$565,900
Land market value
$284,100
Improvement market value
$565,900
Total market value
$850,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1920
Heating
NONE
Stories
2
Units
1
Total area
6,098 SF
Lot
0.13 ac (5,641 SF)
Zoning code
CBD
APN
20 01702-0000-00018
UPID
US59-3208079
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Verona, NJ
Zoning CBD · permitted uses
CBD · Verona, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Verona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
640 Bloomfield Avenue LLC
Entity
Mailing address
553 BLOOMFIELD AVE, MONTCLAIR, NJ 07042-2802
Ownership since
2020
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
Jul 10, 2023
—
640 Bloomfield Avenue LLC
—
Deed
related
$800,000 · New Millennium Bank
Jun 23, 2020
—
640 Bloomfield Avenue LLC
Natale Rispoli
Grant Deed
related
—
Oct 16, 2019
—
Natale Rispoli
640 Bloomfield Avenue LLC
Deed In Lieu Of Foreclosure
related
—
Mar 29, 2019
—
640 Bloomfield Ave LLC
—
Deed
related
$200,000 · Noah Bk
Jul 12, 2005
$800,000
640 Bloomfield Avenue LLC
Rispoli,natale & Gloria
Grant Deed
$800,000 · Natale & Gloria Rispoli
—
—
640 Bloomfield Ave LLC
—
Deed Of Trust
related
$200,000 · Noah Bk
—
—
640 Bloomfield Ave LLC
—
Deed Of Trust
related
$700,000 · Noah 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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