AutoZone Retail
New
For Sale
Contact for pricing
171 Bloomfield Avenue, Bloomfield, NJ 07003
The 2020-built retail property includes scheduled rent increases and multiple renewal options.
Property Size6,000 SF
Lot Size0.57 Acres
Price / SF$350.31
Days on Market5
Property Features for 171 Bloomfield Avenue
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.57 Acres
Property subtype
Retail
Building Details
Year Built
2020
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #9009637
(949) 942-6585
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:50PM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
The offering is a 6,000-square-foot AutoZone retail building completed in 2020. It sits on a 0.57-acre lot and is offered for sale either on its own or within a portfolio.
The lease provides for a 10% rent increase in 2030, followed by three 5-year renewal options. Each renewal option carries an additional 10% escalation.
The lease provides for a 10% rent increase in 2030, followed by three 5-year renewal options. Each renewal option carries an additional 10% escalation.
Key Highlights
- 6,000‑square‑foot AutoZone retail property
- Built in 2020 on a 0.57‑acre lot
- Lease includes a 10% rent increase in 2030
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,342
Businesses Nearby
546k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 31%
Dining 21%
Shops & Services 14%
Home Improvements & Furnishings 14%
The Home Depot
Home Improvements & Furnishings
72,931 visits/mo
0.5 miles
Stop & Shop
Groceries
69,475 visits/mo
0.3 miles
SuperFresh Food World
Groceries
55,578 visits/mo
0.4 miles
Aldi
Groceries
42,345 visits/mo
0.1 miles
Marshalls
Apparel
40,281 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The 2020-built retail property includes scheduled rent increases and multiple renewal options.
Where is this storefront property located?
The property is located at 171 Bloomfield Avenue Bloomfield, NJ.
What is the asking price?
The asking price for this property is $2,101,838.
What are key features of this property?
This property features: 6,000‑square‑foot AutoZone retail property; Built in 2020 on a 0.57‑acre lot; Lease includes a 10% rent increase in 2030
