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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Commercial real estate
726 Bloomfield Ave Verona, NJ 07044-1641
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-1222012
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
17,656 SF
Lot
0.31 ac (13,416 SF)
APN
20 01606-0000-00001
UPID
US59-1222012
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
$3.64M
CAP Approach
CAP
$3.75M
Comparable Approach
Comparable
$3.94M
Blend (final)
Blend
$3.76M
Owner & transaction history
726 Bloomfield Ave LLC · 2 yrs held
726 Bloomfield Ave LLC
since 2023
Last sale
$2.6M
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 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
Method
Estimation
Statistic approach
$3,705,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
$4,060,000
6.5%
$3,750,000
7%
$3,480,000
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10% · vs last sale $2.59M (Sep 21 2023)
Last sale anchor
$2.59M
Sep 21 2023
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
$213 / 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
$55,176
Tax year 2022
Assessed value
$1,843,500
Assessed 2023
Previous assessed
$1,843,500
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$609,400
Assessed improvement
$1,234,100
Land market value
$609,400
Improvement market value
$1,234,100
Total market value
$1,843,500
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
17,656 SF
Lot
0.31 ac (13,416 SF)
APN
20 01606-0000-00001
UPID
US59-1222012
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA 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
1920
Heating
NONE
Stories
2
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
726 Bloomfield Ave LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 329, VERONA, NJ 07044-0329
Ownership since
2023
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
Sep 21, 2023
$2,590,000
726 Bloomfield Ave LLC
Flat Iron Development LLC
Deed
—
Mar 17, 2022
—
Flat Iron Development LLC
—
Deed
related
$1,100,000 · Stormfield Capital Funding I LLC
Nov 1, 2005
$1,515,000
Flat Iron Dev LLC
Fairview Management LLC
Grant Deed
$965,000 · Penn Fsb
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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