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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Residential income homes
78 Locust Ave 88 Bloomfield, NJ 07003-3219
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1765318
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Lot
0.96 ac (42,005 SF)
Zoning code
M-1
APN
02 00129-0000-00070
UPID
US59-1765318
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
$2.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
Golemis Realty LLC · 4 yrs held
Golemis Realty LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
M-1 · 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
$2,560,000
ML approach
$2,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $1.90M (Sep 9 2021)
Last sale anchor
$1.90M
Sep 9 2021
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 2022Property tax & assessments
Tax year 2022
Tax billed
$42,596
Tax year 2022
Assessed value
$1,330,300
Assessed 2023
Previous assessed
$1,330,300
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$1,329,300
Assessed improvement
$1,000
Land market value
$1,329,300
Improvement market value
$1,000
Total market value
$1,330,300
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1920
Heating
NONE
Units
1
Lot
0.96 ac (42,005 SF)
Zoning code
M-1
APN
02 00129-0000-00070
UPID
US59-1765318
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Bloomfield, NJ
Zoning M-1 · permitted uses
M-1 · 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
1920
Heating
NONE
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Golemis Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
63 SUFFOLK LN APT PH01, TENAFLY, NJ 07670-3133
Ownership since
2021
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
Sep 9, 2021
$1,900,000
Golemis Realty LLC
Bloomfield Parkside LLC
Deed
—
Jan 13, 2016
$538,019
Bloomfield Parkside LLC
Parkway Self Storage LLC
Grant Deed
related
—
Mar 23, 2007
—
Parkway Self Storage LLC
Parkway Self Storage LLC
Quit Claim Deed
related
—
Nov 14, 2006
—
Parkway Self Storage LLC
Parkway Self Storange LLC
Quit Claim Deed
related
—
Sep 28, 2005
—
Parkway Self Storage LLC
—
Trustees Deed
related
$500,000 · Yardville 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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