Retail Investment in Bloomfield,
For Sale
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129-137 La France Avenue, Bloomfield, NJ 07003
Fully leased retail property in Bloomfield, NJ with diversified income.
Property Size6,000 SF
Lot Size0.14 Acres
Price / SF$162.50
Days on Market142
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Property Features for 129-137 La France Avenue
General Information
Standard status
Active
Size
6,000 SF
Class
C
Lot size
0.14 Acres
Property subtype
Retail
Zoning
R-1B
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$75,461
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Marcos Claudius, CCIM · License #1645747
(973) 783-7400
Source:
Crexi
Added: May 27
Changed: Oct 15
Last Checked: Oct 14 at 10:18PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This multi-tenant retail investment property is located in Bloomfield, Essex County, New Jersey. The property is 100% occupied and situated on a 6,000 square foot parcel. It is fully leased to five neighborhood-serving retail tenants, providing immediate and diversified income for investors. The location benefits from its position within a dense residential trade area, which supports consistent tenant demand and long-term occupancy. The property's durable cash flow profile is enhanced by Bloomfield’s strong demographics, limited retail supply, and proximity to regional transportation corridors. Zoned R-1B, the site allows for continued stabilized retail operation or potential future redevelopment, pending zoning and municipal approvals. The small-bay tenant mix reduces exposure to single-tenant risk and provides flexibility for rent growth and lease rollover management. This property is suitable for investors seeking predictable cash flow, downside protection through tenant diversification, and long-term appreciation potential in Northern New Jersey.
Key Highlights
- 100% Occupied Multi‑Tenant Retail Investment
- Diversified Income from Five (5) Retail Tenants
- Infill Location in Dense Residential Area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,640
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,712,800
$1.7M
Cap Rate 7%
$1,223,429
$1.2M
Cap Rate 9%
$951,556
$951.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$129.6K $21.60/SF
− Vacancy
−$7.3K −$1.21/SF
EGI
$122.3K $20.39/SF
− OpEx
−$36.7K −$6.12/SF
NOI
$85.6K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,712,800
Cap Rate 7%
$1,223,429
Cap Rate 9%
$951,556
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,640 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 11.25%
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
1,267
Businesses Nearby
227k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 27%
Groceries 19%
Office Supplies 15%
Aldi
Groceries
42,345 visits/mo
0.4 miles
Staples
Office Supplies
34,233 visits/mo
0.4 miles
Wendy's
Dining
31,084 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,883 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
19,399 visits/mo
0.4 miles
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail property in Bloomfield, NJ with diversified income.
Where is this strip mall located?
The property is located at 129-137 La France Avenue Bloomfield, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 100% Occupied Multi‑Tenant Retail Investment; Diversified Income from Five (5) Retail Tenants; Infill Location in Dense Residential Area
