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Property profile & analytics
OFF-MARKET
Estimated value
$4,320,000
Office buildings
688-692 Broadway 692, Bayonne, NJ 07002-4725
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-1168357
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
22,324 SF
Lot
0.16 ac (7,125 SF)
APN
01 00154-0000-00047
UPID
US59-1168357
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
$4.75M
CAP Approach
CAP
$5.61M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$4.32M
Owner & transaction history
690 Broadway LLC · 9 yrs held
690 Broadway LLC
since 2017
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
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 Bayonne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bayonne 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
$5,280,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
$6,070,000
6.5%
$5,605,000
7%
$5,205,000
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10% · vs last sale $2.65M (Feb 12 2025)
Last sale anchor
$2.65M
Feb 12 2025
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
$194 / 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
$72,750
Tax year 2022
Assessed value
$2,763,000
Assessed 2023
Previous assessed
$2,763,000
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$514,500
Assessed improvement
$2,248,500
Land market value
$514,500
Improvement market value
$2,248,500
Total market value
$2,763,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Stories
4
Total area
22,324 SF
Lot
0.16 ac (7,125 SF)
APN
01 00154-0000-00047
UPID
US59-1168357
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
NONE
Stories
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
690 Broadway LLC
Entity
Mailing address
242 4TH ST STE #211, LAKEWOOD, NJ 08701-3897
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
$2,650,000
690 Broadway LLC
Four Bs
Grant Deed
$2,100,000 · Shore Cmnty Bk
—
—
Four Bs
—
Deed Of Trust
related
$105,000 · Citibank
—
—
Four Bs
—
Deed Of Trust
related
$2,153,000 · Sun National 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.
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