Fairfield Commercial Property on
1221 Bloomfield Ave, Fairfield, NJ 07004
Strategically located commercial property in a desirable Northern New Jersey corridor.
Type:Land, Industrial, Retail
Property size:
9,271 SFLot size:
1.80 AcresPrice / SF:
$237/SF- Added:
- May 19, 2026
- Days on Market:
- 9
- Last Refresh:
- May 20 at 5:00 am
Property Features for 1221 Bloomfield Ave
General Information
- Standard status
- Active
- Size
- 9,271 SF
- Lot size
- 1.80 Acres
- Property subtype
- Land, Industrial, Retail
Building Details
- Year Built
- 1996
Listing agent Stephen Crocitto License #2294113
Listing office Marcus & Millichap - New Jersey
Listing date May 19, 2026
Source Crexi
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 Marcus & Millichap - New Jersey
HighLights
- Strategically located in the heart of Fairfield, a supply‑constrained and highly desirable Northern New Jersey business market.
- Immediate access to Route 46, Interstate 80, and Route 23, providing exceptional regional connectivity.
- Flexible potential for a variety of commercial uses.
- Approximately 9,271 square feet on 1.8 acres.
- Strong frontage along Bloomfield Avenue and ample parking.
- Attractive for both owner‑users and investors seeking long‑term value.
Overview
Located in Fairfield, the property at 1221 Bloomfield Avenue offers a commercial property with access to Route 46, Interstate 80, and Route 23. The property is approximately 9,271 square feet on approximately 1.8 acres. It has frontage along Bloomfield Avenue, ample parking, and accessibility. The location is attractive for owner-users and investors seeking long-term value in a Northern New Jersey commercial corridor. Fairfield sees demand from office, industrial, showroom, and service-oriented users due to its central location and business-friendly environment.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.47M
NOI $132,328 @ 9.00% cap · cautious / downside scenario
Moderate
$1.89M
NOI $132,328 @ 7.00% cap · market / base-case scenario
Aggressive
$2.65M
NOI $132,328 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $200.3k | $21.60 |
| − Vacancy | −$11.2k | −$1.21 |
| EGI | $189.0k | $20.39 |
| − OpEx | −$56.7k | −$6.12 |
| NOI | $132.3k | $14.27 |
9,271 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.89M
$1.65M – $2.21M
NOI $132,328 @ 7.0% cap · market cap 6.01%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,236 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,459 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
The Gloria Foundation
Charitable Organization
Adams Group
Factory
Design Consign
Discount Store
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.3132872
- Latitude
- 40.8565321
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Strategically located commercial property in a desirable Northern New Jersey corridor.
Where is this commercial land located?
The property is located at 1221 Bloomfield Ave Fairfield, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Strategically located in the heart of Fairfield, a supply‑constrained and highly desirable Northern New Jersey business market.; Immediate access to Route 46, Interstate 80, and Route 23, providing exceptional regional connectivity.; Flexible potential for a variety of commercial uses.
