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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office buildings
98 Broad St, Bloomfield, NJ 07003-2520
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-3167947
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
5,899 SF
Lot
0.36 ac (15,777 SF)
Zoning code
POR
APN
02 00245-0000-00010
UPID
US59-3167947
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
-
Schulberg Howard DDS Dental Office
-
Valco Contractors Construction Company General Contractor
-
Michele Torchia CPA LLC Accounting Firm Tax Preparation
-
Albanese Electrolysis Studio Hair Salon Skin Care Clinic
-
Forward Motion Marketing LLC Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.34M
Owner & transaction history
98 Broad St LLC · 3 yrs held
98 Broad St LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
POR · Bloomfield, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+8.1%
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
$1,555,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,490,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,615,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,450,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,330,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.10M (Jul 11 2022)
Last sale anchor
$1.10M
Jul 11 2022
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
$226 / 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
$26,029
Tax year 2022
Assessed value
$812,900
Assessed 2023
Previous assessed
$812,900
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$402,300
Assessed improvement
$410,600
Land market value
$402,300
Improvement market value
$410,600
Total market value
$812,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Units
1
Total area
5,899 SF
Lot
0.36 ac (15,777 SF)
Zoning code
POR
APN
02 00245-0000-00010
UPID
US59-3167947
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
POR · Bloomfield, NJ
Zoning POR · permitted uses
POR · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1900
Heating
NONE
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
98 Broad St LLC
Entity
Mailing address
98 BROAD ST, BLOOMFIELD, NJ 07003-2520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
98 Broad St LLC
—
Deed
related
$1,237,500 · Connection Bank
Dec 26, 2023
—
98 Broad St LLC
—
Deed
related
$450,000 · Republic First Bank
Jul 11, 2022
$1,100,000
98 Broad St LLC
Dpf Properties LLC
Bargain And Sale Deed
$1,100,000 · Republic First Bank
Mar 18, 2004
$505,000
Dpf Properties LLC
Kreie,richard J
Grant Deed
$395,000 · Valley National Bank
—
—
Dpf Properties LLC
—
Deed Of Trust
related
$50,000 · Valley National Bank
—
—
Dpf Properties LLC
—
Deed Of Trust
related
$400,000 · Valley 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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