Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Office buildings
98 Broad St Bloomfield, NJ 07003-2520
Entity Owned
4-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
$1.56M
Owner & transaction history
98 Broad St LLC · 4 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
Zoning description
er must reside in the home. (b) The practitioner shall not engage the services of more than one office employee. Use of the office by other persons shall not be permitted. (c) Except for home professional offices in the POR Zone, which shall be permitted to use the entire ground floor for the professional office use, a home occupation shall occupy less than…
Zone name
Professional Office And Residential
General category
COMMERCIAL
Zone area
25.12 ac
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
$1.56M
Range $1.40M – $1.71M · ±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
$264 / 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, NJZoning POR · permitted uses
POR · Bloomfield, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
er must reside in the home. (b) The practitioner shall not engage the services of more than one office employee. Use of the office by other persons shall not be permitted. (c) Except for home professional offices in the POR Zone, which shall be permitted to use the entire ground floor for the professional office use, a home occupation shall occupy less than 50% of the total area of the floor where located, excluding space used for a privat
Zone name
Professional Office And Residential
General category
COMMERCIAL
Zone area
25.12 ac
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 98 Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
