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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Commercial real estate
855 Bloomfield Ave Glen Ridge, NJ 07028-1341
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0402366
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
BRICK
Total area
11,524 SF
Lot
0.7 ac (30,420 SF)
Zoning code
R5
APN
08 00076-0000-00001
UPID
US59-0402366
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
Current use
Occupant on record · Public records
-
Amazon Hub Counter - Health Mart Pharmacy Postal Service Courier Service
-
Eric Baker Architects, LLC Architectural Designer Architect
-
glen ridge arcade Business Service Center Corporate Office
-
Montclair Shukokai Karate Sports School
-
Residential Solar Power Systems Glen Ridge Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.90M
Owner & transaction history
855 Bloomfield LLC
855 Bloomfield LLC
1 recorded transaction
Zoning & alternative use
R5 · Glen Ridge, NJ
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 Glen Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Ridge 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%
$2,650,000
6.5%
$2,445,000
7%
$2,270,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,400,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,150,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±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
$251 / 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
$103,054
Tax year 2022
Assessed value
$3,129,500
Assessed 2023
Previous assessed
$3,129,500
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$1,318,000
Assessed improvement
$1,811,500
Land market value
$1,318,000
Improvement market value
$1,811,500
Total market value
$3,129,500
Applied tax rate
8.0000
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
1940
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
11,524 SF
Lot
0.7 ac (30,420 SF)
Zoning code
R5
APN
08 00076-0000-00001
UPID
US59-0402366
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R5 · Glen Ridge, NJZoning R5 · permitted uses
R5 · Glen Ridge, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
855 Bloomfield LLC
Entity
Mailing address
90 W PALISADE AVE, ENGLEWOOD, NJ 07631-2642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
855 Bloomfield LLC
—
Deed Of Trust
related
$1,500,000 · Astoria Federal Mortgage Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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