Bloomfield Office Building For
1012 Broad St Bloomfield, NJ 07003
1012 Broad St, Bloomfield, NJ, 07003
$875,000
For Sale
$875,000
Commercial building in Bloomfield's vibrant Brookdale Section, ideal for office space.
Property Size4,993 SF
Price / SF$175.25
Days on Market407
Property Features for 1012 Broad St
General Information
- Standard status
- Active
- Size
- 4,993 SF
Building Details
- Year Built
- 2008
Listing Agency
LATORRACA REALTORS
(973) 338-4300
Listed by
ALEC LATORRACA
Source
Corcoran
Added: Jun 6, 2025 Checked: Jul 17 at 3:45 am
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.8k | $30.00 |
| − Vacancy | −$47.9k | −$9.60 |
| EGI | $101.9k | $20.40 |
| − OpEx | −$25.5k | −$5.10 |
| NOI | $76.4k | $15.30 |
4,993 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DeBlis & DeBlis
Law Firm
LaTorraca Realtors
Real Estate Agency
Counseling Care Center
Counselor
Joann Elliott
Counselor
Ivonne Depascual
Counselor
Similar For Sale Nearby
FAQs
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.
