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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
656 Bloomfield Ave 662 Bloomfield, NJ 07003-2511
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0730990
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1905
Lot
0.26 ac (11,252 SF)
Zoning code
BCR2
APN
02 00226-0000-00015
UPID
US59-0730990
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
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Suzanne Testa · 1 yrs held
Suzanne Testa
since 2024
Last sale
$569,000
7 recorded transactions
Zoning & alternative use
BCR2 · Bloomfield, 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 Bloomfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield 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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $569k (Sep 17 2024)
Last sale anchor
$569k
Sep 17 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
—
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
$11,802
Tax year 2023
Assessed value
$196,900
Assessed 2024
Previous assessed
$196,900
+0.0% YoY
Effective rate
5.99%
On assessed value
Assessed land
$196,900
Land market value
$196,900
Total market value
$196,900
Applied tax rate
2.0000
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
1905
Heating
NONE
Units
1
Lot
0.26 ac (11,252 SF)
Zoning code
BCR2
APN
02 00226-0000-00015
UPID
US59-0730990
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
BCR2 · Bloomfield, NJ
Zoning BCR2 · permitted uses
BCR2 · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1905
Heating
NONE
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Suzanne Testa
Individual
Mailing address
926 SMT AVE S APT #532, JERSEY CITY, NJ 07307-3790
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
$569,000
Suzanne Testa
Bloomfield Center Development LLC
Deed
—
Aug 26, 2024
—
Ravi Theja Mudunuru
Bloomfield Center Development LLC
Deed
—
Jul 31, 2024
—
Naomi Nakai
Bloomfield Center Development LLC
Deed
—
Jul 12, 2024
$619,241
Megan Whittemore
Bloomfield Center Development LLC
Deed
$464,430 · Td Bank NA
Jun 7, 2024
—
Jodi Mckenzie
Bloomfield Center Development LLC
Deed
$471,120 · Loandepot.com LLC
Jun 7, 2024
$20,000
Vaibhav Sharma
Bloomfield Center Development LLC
Deed
—
Jun 3, 2024
—
Lufan Chen
Bloomfield Center Development LLC
Deed
$475,920 · Loandepot.com LLC
Apr 23, 2021
$900,000
Bloomfield Center Development LLC
Bloomfield Electrical Supply Co INC
Deed
$5,760,000 · 1st Constitution Bank
—
—
Electrical Supply C Bloomfield
—
Deed Of Trust
related
$575,000 · Gregory A Kent
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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