Bloomfield Office Building For
For Sale
$875,000
1012 Broad St, Bloomfield, NJ 07003
Commercial building in Bloomfield's vibrant Brookdale Section, ideal for office space.
Property Size4,993 SF
Price / SF$175.25
Days on Market501
Property Features for 1012 Broad St
General Information
Standard status
Active
Size
4,993 SF
Taxes and HOA fees
Annual Taxes
$18,805
Building Details
Year Built
2008
Listing Agency:
LATORRACA REALTORS
Listed By:
ALEC LATORRACA
(973) 338-4300
Source:
Corcoran
Added: Jun 6, 2025
Changed: Mar 16
Last Checked: Oct 16 at 9:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LATORRACA REALTORS
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Investment Insights
Based on property information with market context.
This commercial building is situated in the Brookdale Section of Bloomfield, located on Broad Street. The property is suitable for office space. The building benefits from high foot traffic and visibility. The property contains 4,993 square feet.
Key Highlights
- Prime location on Broad Street in Bloomfield's Brookdale Section.
- High foot traffic area.
- Incredible visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,393
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,527,860
$1.5M
Cap Rate 7%
$1,091,329
$1.1M
Cap Rate 9%
$848,811
$848.8K
Market Conditions
NOI Build-Up for 4,993 SF
Gross rent
$149.8K $30.00/SF
− Vacancy
−$47.9K −$9.60/SF
EGI
$101.9K $20.40/SF
− OpEx
−$25.5K −$5.10/SF
NOI
$76.4K $15.30/SF
Area
Essex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,527,860
Cap Rate 7%
$1,091,329
Cap Rate 9%
$848,811
Alternative Uses
Best Use
Office B
$1.09M
$954.9K – $1.27M
NOI $76,393 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,264 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 07003, NJ
52,955
Population
21,692
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
9,992
Density / Sq Mi
$98,805
Median Household Income
$56,465
Median Earnings
$1,775
Median Rent
$447,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Commercial building in Bloomfield's vibrant Brookdale Section, ideal for office space.
Where is this office building located?
The property is located at 1012 Broad St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Prime location on Broad Street in Bloomfield's Brookdale Section.; High foot traffic area.; Incredible visibility.
