Downtown Office Building with Private
For Sale
Contact for pricing
20 Bloomfield Ave, Flemington, NJ 08822
Two-story professional property includes dedicated parking and multiple covered outdoor areas.
Property Size1,739 SF
Price / SF$1.73
Days on Market54
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Property Features for 20 Bloomfield Ave
General Information
Standard status
Active
Size
1,739 SF
Amenities
covered front porch
covered rear deck
private balcony
Building Details
Year Built
1890
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
FREEMAN SMITH · License #261188
(908) 735-8080
Source:
Thebansalteam
Added: Aug 23
Changed: Oct 8
Last Checked: Oct 7 at 4:11PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This two-story office building provides seven private offices arranged across two levels. The first floor includes four offices, a powder room, a covered front porch, and a covered rear deck. Upstairs are three additional offices, a second powder room, and a private balcony. Dedicated parking is also included.
The property is located at 20 Bloomfield Ave in Flemington Boro, New Jersey, directly across from the courthouse square. Main Street and the Union Hotel are one block away, with downtown restaurants, shops, and courthouse access nearby. The professional configuration and central setting support a range of office-based uses.
The property is located at 20 Bloomfield Ave in Flemington Boro, New Jersey, directly across from the courthouse square. Main Street and the Union Hotel are one block away, with downtown restaurants, shops, and courthouse access nearby. The professional configuration and central setting support a range of office-based uses.
Key Highlights
- Seven private offices across two floors
- Four offices, powder room, covered front porch, and covered rear deck on the first floor
- Three offices, powder room, and private balcony on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,607
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,140
$532.1K
Cap Rate 7%
$380,100
$380.1K
Cap Rate 9%
$295,633
$295.6K
Market Conditions
NOI Build-Up for 1,739 SF
Gross rent
$52.2K $30.00/SF
− Vacancy
−$16.7K −$9.60/SF
EGI
$35.5K $20.40/SF
− OpEx
−$8.9K −$5.10/SF
NOI
$26.6K $15.30/SF
Area
Hunterdon County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,140
Cap Rate 7%
$380,100
Cap Rate 9%
$295,633
Alternative Uses
Best Use
Office B
$380.1K
$332.6K – $443.5K
NOI $26,607 @ 7.0% cap · market cap 886.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.1K
$397.3K – $529.8K
NOI $31,786 @ 7.0% cap · market cap 1,059.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 08822, NJ
31,844
Population
12,274
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
492
Density / Sq Mi
$137,698
Median Household Income
$67,198
Median Earnings
$1,685
Median Rent
$513,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story professional property includes dedicated parking and multiple covered outdoor areas.
Where is this office building located?
The property is located at 20 Bloomfield Ave Flemington, NJ.
What are key features of this property?
This property features: Seven private offices across two floors; Four offices, powder room, covered front porch, and covered rear deck on the first floor; Three offices, powder room, and private balcony on the second floor
