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Property profile & analytics
OFF-MARKET
Estimated value
$70,380,000
Commercial real estate
72 Bushes Ln Elmwood Park, NJ 07407-3204
Individually Owned
2-yr Hold
Free & Clear
Property ID
US59-2140317
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1938
Construction
CONCRETE BLOCKS
Total area
800,456 SF
Lot
0.45 ac (19,798 SF)
Zoning code
IR
APN
11 01105-0000-00007
UPID
US59-2140317
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$64.89M
Blend (final)
Blend
$70.38M
Owner & transaction history
Richard J Lombardo · 2 yrs held
Richard J Lombardo
since 2024
5 recorded transactions
Zoning & alternative use
IR · Elmwood Park, 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 Elmwood Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmwood Park 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70.38M
Range $63.34M – $77.42M · ±10%
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
$88 / 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
$6,741
Tax year 2022
Assessed value
$223,800
Assessed 2023
Previous assessed
$223,800
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$184,500
Assessed improvement
$39,300
Land market value
$184,500
Improvement market value
$39,300
Total market value
$223,800
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1938
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
800,456 SF
Lot
0.45 ac (19,798 SF)
Zoning code
IR
APN
11 01105-0000-00007
UPID
US59-2140317
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
IR · Elmwood Park, NJ
Zoning IR · permitted uses
IR · Elmwood Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmwood Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1938
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Richard J Lombardo
Individual
Free & Clear · 2 yrs held
Mailing address
72 BUSHES LN, ELMWOOD PARK, NJ 07407-3204
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
Richard J Lombardo
Thomas J Lombardo
Intrafamily Transfer
related
—
Apr 17, 2024
—
Richard J Lombardo
Kenneth J Lombardo
Intrafamily Transfer
related
—
Mar 19, 2024
—
Richard J Lombardo
Kenneth J Lombardo SR.
Intrafamily Transfer
related
—
Sep 29, 2009
—
Salvatore Lombardo JR.
Lombardo,salvatore J & Jeanne L
Quit Claim Deed
related
—
Oct 1, 2007
—
Salvatore J Lombardo
Lombardo,salvatore JR & Jean
Quit Claim Deed
related
—
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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