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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Commercial real estate
9 Morse Lk Rd Bloomingdale, NJ 07403-1909
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-2449937
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.54 ac (67,082 SF)
Zoning code
R-G
APN
01 04074-0000-00023
UPID
US59-2449937
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
J L Mcbrown LLC · 1 yrs held
J L Mcbrown LLC
since 2024
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
R-G · Bloomingdale, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nion Avenue - One-Family Residential Zone. § 92-46A-II R-20U Union Avenue - Professional/Business Office Zone. § 92-47 R-10 One-Family Residential Zone. § 92-48 R-40-TH One-Family Residential and Townhouse Zone. § 92-49 R-G Garden Apartment Zone. § 92-50 R-M In-Town Apartment and Senior Citizen Housing Zone. new_releases § 92-51 (Reserved) § 92-52 Miscellane…
Zone name
Garden Apartment Zone
General category
RESIDENTIAL
Zone area
26.33 ac
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 Bloomingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomingdale 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Oct 8 2024)
Last sale anchor
$600k
Oct 8 2024
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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,043
Tax year 2023
Assessed value
$267,500
Assessed 2024
Previous assessed
$267,500
+0.0% YoY
Effective rate
4.50%
On assessed value
Assessed land
$135,800
Assessed improvement
$131,700
Land market value
$135,800
Improvement market value
$131,700
Total market value
$267,500
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
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
Heating
NONE
Lot
1.54 ac (67,082 SF)
Zoning code
R-G
APN
01 04074-0000-00023
UPID
US59-2449937
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-G · Bloomingdale, NJZoning R-G · permitted uses
R-G · Bloomingdale, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nion Avenue - One-Family Residential Zone. § 92-46A-II R-20U Union Avenue - Professional/Business Office Zone. § 92-47 R-10 One-Family Residential Zone. § 92-48 R-40-TH One-Family Residential and Townhouse Zone. § 92-49 R-G Garden Apartment Zone. § 92-50 R-M In-Town Apartment and Senior Citizen Housing Zone. new_releases § 92-51 (Reserved) § 92-52 Miscellaneous requirements for residential zones. § 92-53 SC Summer Camp and Conference Cente
Zone name
Garden Apartment Zone
General category
RESIDENTIAL
Zone area
26.33 ac
Building & site characteristics
From public records
Heating
NONE
Lot
1.54 ac
Current owner
From public records · entity-resolved
J L Mcbrown LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9 MORSE LK RD, BLOOMINGDALE, NJ 07403-1909
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
$600,000
J L Mcbrown LLC
Charles Hoffmann
Deed
—
Feb 20, 2019
—
Stalter,helen E Trust
Stalter,helen
Quit Claim Deed
—
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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