Three-Store Retail
188 BLOOMFIELD AVE Unit 188 Nutley, NJ 07104
188 BLOOMFIELD AVE Unit 188, Nutley, NJ, 07104
$1,300,000
For Sale
$1,300,000
Property includes three retail storefront units and an additional building that can be repurposed for mixed-use or other concepts.
Property Size5,100 SF
Price / SF$254.90
Days on Market295
Property Features for 188 BLOOMFIELD AVE Unit 188
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing agency
WEICHERT REALTORS
(973) 746-1515
Listed by
LASANDA SHEPPY
Source
Xome
Added: Oct 1, 2025 Updated: Jul 22 at 5:43AM Checked: Jul 22 at 5:43AM
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 WEICHERT REALTORS
Investment Insights
Based on property information with market context.
This for-sale property comprises three retail storefront units. In addition, there is a building on site that is described as being ready to be transformed into mixed-use spaces, apartments, or other concepts.
The property is located at 188 Bloomfield Ave, Unit 188 in Nutley, NJ 07104.
The property is located at 188 Bloomfield Ave, Unit 188 in Nutley, NJ 07104.
Key Highlights
- Three retail storefront units as part of the property
- Additional building included for repurposing into mixed‑use spaces or other concepts
- Zoning: com
Local Financial Insights For Retail
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 | $122.4k | $24.00 |
| − Vacancy | −$11.1k | −$2.18 |
| EGI | $111.3k | $21.82 |
| − OpEx | −$33.4k | −$6.54 |
| NOI | $77.9k | $15.27 |
5,100 SF · lease $24.00/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$973.5K – $1.30M
NOI $77,883 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,924 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Delta
Gas Station
Johnny's Service Station
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Nutley Florist — 28 Orchard St, Nutley, NJ 07110
- A Personal Touch Florist — 343 Franklin Ave, Nutley, NJ 07110
- Eva's Flowers and Gifts — 91 Mary St #2364, Belleville, NJ 07109
FAQs
What type of property is this?
Storefront property - Property includes three retail storefront units and an additional building that can be repurposed for mixed-use or other concepts.
Where is this storefront property located?
The property is located at 188 BLOOMFIELD AVE Unit 188 Nutley, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three retail storefront units as part of the property; Additional building included for repurposing into mixed‑use spaces or other concepts; Zoning: com
