Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    266 Bloomfield Ave Bloomfield, NJ 07003

    Sponsored
    For Lease
    $7,000 /Mo ($8 SF/Yr)

    Commercial - Caldwell Boro Twp., NJ

    Property size:
    9,750 SF
    Days on Market:
    3
    Last Refresh:
    Jan 22 at 2:06 pm

    Property Features for 266 Bloomfield Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Retail/Office
    Rooms
    Basement
    Basement Y/N
    1
    Size
    9,750 SF

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1941
    Flooring type
    Carpet
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    JAMES R. MATARAZZO JR.

    John Young Company, Inc. (973) 226-1218 [email protected]

    Listing agent JAMES R. MATARAZZO JR. (973) 226-1218

    Listing date Jan 20, 2026

    MLS# 3863970 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    High-Visibility Retail/Office/Restaurant Space

    This high-visibility commercial space, formerly a corporate office for a Fortune 500 company, offers approximately 1,500 square feet suitable for office, retail, or an upscale restaurant. The landlord intends to renovate the exterior facade during the winter and spring of 2026, including new panoramic windows and vanilla box interior. The property is located on a corner lot. The base rent is $7,000 per month. An additional 1,000 square feet of attached store space at 5 Provost Street can be added to make a total of 2,500 square feet, with a 3% annual rent increase. Basement storage is available for an additional fee. Parking is available through the municipality. CAM charges are $1,000 per month, which includes taxes and a share of the building insurance. The tenant is responsible for their share of sidewalk snow removal. The back of the second attached unit has an outside room that could be used for a restaurant hood and ventilation system for an upscale restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.21320781363
    Latitude
    40.810056342814

    Nearby Similar for Lease

    • $1,750 /Mo
      6,970 SF

      Bloomfield Warehouse/Garage Space Available

      Flexible warehouse/garage space suitable for various commercial uses.
      61 Montgomery St, Bloomfield, NJ 07003
      View Details
    • $2,600 /Mo

      Renovated Condo in Bloomfield Heart

      Renovated 2-bedroom condo with modern amenities, available January 2026.
      401 Franklin St, Bloomfield, NJ 07003
      View Details
    • $4,500 /Mo
      3,000 SF

      Bloomfield Office Space For Rent

      Professional office space in prime Bloomfield location, build-to-suit option.
      362 Franklin St, Bloomfield, NJ 07003
      View Details
    • $2,000 /Mo

      Spacious Apartment in Quiet Cul-de-Sac

      Sun-filled apartment near Bloomfield/Nutley borderline, close to amenities.
      26 Pilgrim Ct, Bloomfield, NJ 07003
      View Details
    • $26 SF/Yr

      Broad Street Commercial Space Available

      Corner lot commercial space in high-traffic Broad Street district.
      375 Broad St, Bloomfield, NJ 07003
      View Details
    • $2,000 /Mo

      Bloomfield Apartment with Finished Attic

      Two-bedroom apartment with finished attic and convenient location.
      145 Baldwin St, Bloomfield, NJ 07003
      View Details
    • $2,500 /Mo

      Spacious Three-Bedroom Apartment For Rent

      Bright, first-floor apartment with shared patio and parking.
      18 Cedar St, Bloomfield, NJ 07003
      View Details
    • $6,000 /Mo
      3,772 SF

      Furnished Office Space in Bloomfield

      Furnished office space with parking in a high-traffic area.
      228 Montgomery St, Bloomfield, NJ 07003
      View Details
    • $2,200 /Mo

      Well-Maintained Apartment Near Transportation

      Recently renovated apartment near shopping and transportation to NYC.
      167 Jerome Pl, Bloomfield, NJ 07003
      View Details
    • $2,500 /Mo

      Spacious Bloomfield Apartment For Rent

      Three-bedroom apartment in Bloomfield with parking and backyard access.
      128 Grove St, Bloomfield, NJ 07003
      View Details
    • $3,000 /Mo

      Renovated Apartment Near Bloomfield Park

      Newly renovated 3-bedroom apartment near park and NYC train.
      53 Maolis Ave, Bloomfield, NJ 07003
      View Details
    • $2,450 /Mo

      Updated Bloomfield Two-Bedroom Apartment

      Updated two-bedroom apartment in Bloomfield with included utilities.
      363 Hoover Ave, Bloomfield, NJ 07003
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime location suitable for retail, office, or upscale restaurant.
    Where is this retail space located?
    The property is located at 266 Bloomfield Ave Bloomfield, NJ.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility corner location, ideal for office, retail, or upscale restaurant.; - Landlord provides new vanilla box interior, **large panoramic windows**, and outside tile work.; - Includes 1000 sq ft attached store; option to expand to 2500 sq ft by adding 5 Provost.
    (973) 226-1218
    Request Owner's contact information
    266 Bloomfield Ave Bloomfield, NJ 07003
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    266 Bloomfield Ave
    Bloomfield, NJ 07003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    266 Bloomfield Ave Bloomfield, NJ 07003
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    JAMES R. MATARAZZO JR.
    (973) 226-1218
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.