Third-Floor Medical Office
For Sale
Contact for pricing
256 Broad St, Bloomfield, NJ 07003
Rear-unit medical office with a private bathroom and flexible multi-room layout.
Property Size10,000 SF
Price / SF$0.18
Days on Market79
Property Features for 256 Broad St
General Information
Standard status
Active
Size
10,000 SF
Elevators
Yes
Additional Details
Floor
3
Building Details
Year Built
1988
Listing Agency:
A & E CURTINEZ REALTY LLC
Listed By:
SAMUEL H. PICA
(973) 743-3700
Source:
Goldstandardrealty
Added: Jul 30
Changed: Oct 9
Last Checked: Oct 7 at 4:28PM
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 A & E CURTINEZ REALTY LLC
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Investment Insights
Based on property information with market context.
This medical office space occupies a rear unit on the third floor of a building constructed in 1988. The suite is currently arranged as approximately four to five rooms and includes a private bathroom. Access includes an elevator to the second floor, followed by stairs to the third floor.
The property is located at 256 Broad St in Bloomfield Township, New Jersey. A building parking lot provides approximately 25 parking spaces. The listed property size is 10,000 SF.
The property is located at 256 Broad St in Bloomfield Township, New Jersey. A building parking lot provides approximately 25 parking spaces. The listed property size is 10,000 SF.
Key Highlights
- Third‑floor rear medical office unit at 256 Broad St, Bloomfield Twp., NJ 07003
- Approximately four to five existing rooms
- Private bathroom within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,896
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,977,920
$3.0M
Cap Rate 7%
$2,127,086
$2.1M
Cap Rate 9%
$1,654,400
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$264.0K $26.40/SF
− Vacancy
−$15.8K −$1.58/SF
EGI
$248.2K $24.82/SF
− OpEx
−$99.3K −$9.93/SF
NOI
$148.9K $14.89/SF
Area
Essex County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,977,920
Cap Rate 7%
$2,127,086
Cap Rate 9%
$1,654,400
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 8,500.00%
Second Best
Healthcare Medical
$2.13M
$1.86M – $2.48M
NOI $148,896 @ 7.0% cap · market cap 8,272.00%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 10,154.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,580
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Rear-unit medical office with a private bathroom and flexible multi-room layout.
Where is this medical office space located?
The property is located at 256 Broad St Bloomfield, NJ.
What are key features of this property?
This property features: Third‑floor rear medical office unit at 256 Broad St, Bloomfield Twp., NJ 07003; Approximately four to five existing rooms; Private bathroom within the unit
