Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    279 Glenwood Ave, Bloomfield, NJ 07003

    View on Map
    Claim this Listing
    For Lease
    $2 SF/Yr $150/Mo (calc)

    611 Sqft Restaurant/Retail at Heart of Bloomfield

    Property size:
    611 SF
    Lease type:
    Modified Gross
    Added:
    May 13, 2026
    Days on Market:
    10
    Last Refresh:
    May 13 at 11:27 pm

    Property Features for 279 Glenwood Ave

    General Information

    Standard status
    Active
    Property type
    Retail properties & Spaces, Restaurants, Office Spaces
    Size
    611 SF
    Elevators
    No
    Lease Type
    Modified Gross Lease
    Lease Term
    1-2 Years
    Rate Type
    Monthly

    Building Details

    Year Renovated
    2026
    Buildings
    1

    We can help!

    Listing Contact
    Hannah Ng

    Listing agent Hannah

    Listing office

    Listing date May 13, 2026

    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1986219
    Latitude
    40.792692

    Nearby Similar for Lease

    • $695/Mo

      Bloomfield Office Space For Rent

      Quiet mixed-use office building with utilities included and spacious parking.
      1442 Broad St, Bloomfield Twp., NJ 07003-3046
      View Details
    • $1,250/Mo

      Bloomfield Office Space Available

      Professional office space for rent in Bloomfield, NJ.
      340 Franklin St, Bloomfield Twp., NJ 07003-4344
      View Details
    • $1,250/Mo

      Bloomfield Office Space For Lease

      Professional office space in Bloomfield, NJ with parking included.
      340 Franklin St, Bloomfield Township, NJ 07003
      View Details
    • $3 SF/Yr
      1,033 SF

      1033 Sqft Restaurant/Retail/Office at Heart of Bloomfield

      279 Glenwood Ave, Bloomfield, NJ 07003
      View Details
    • $3,175/Mo
      19,000 SF

      Bloomfield Medical/Treatment Practice Space

      Medical or treatment practice space in a desirable Bloomfield location.
      329 Belleville Ave, Bloomfield Twp., NJ 07003
      View Details
    • $7,000/Mo
      4,000 SF

      Bloomfield Avenue Corner Retail Space

      High-traffic corner commercial space available for lease.
      8 Bloomfield Ave, Bloomfield Twp., NJ 07003
      View Details
    • $4,217/Mo
      19,000 SF

      Medical Office Space Available

      Medical or treatment practice space in desirable Bloomfield location.
      329 Belleville Ave, Bloomfield Twp., NJ 07003
      View Details
    • $1,800/Mo
      10,000 SF

      Medical Office Space For Rent

      Third-floor medical office with private bath, approximately four/five rooms.
      256 Broad St, Bloomfield Twp., NJ 07003
      View Details
    • $6,000/Mo
      5,000 SF

      Bloomfield Center Office Space Available

      5000 sq ft office space near train station.
      330 Glenwood Ave, Bloomfield Twp., NJ 07003
      View Details
    • $6,000/Mo
      5,000 SF

      Bloomfield Center Office Space

      5000 sq ft office space near train station.
      330 Glenwood, Bloomfield, NJ 07003
      View Details
    • $1,800/Mo
      500 SF

      Freestanding Building For Lease

      Freestanding building suitable for office or retail use.
      98 Broughton Ave, Bloomfield Twp., NJ 07003
      View Details
    • $1,200/Mo
      1,200 SF

      Bloomfield Center Office Space

      1200 Sq Ft office space in Bloomfield Center.
      330 Glenwood Ave, Bloomfield Twp., NJ 07003
      View Details

    FAQs

    What type of property is this?
    Retail property - 611 Sqft Restaurant/Retail at Heart of Bloomfield
    Where is this retail property located?
    The property is located at 279 Glenwood Ave Bloomfield, NJ.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    (973) 476-7222
    We can help!
    Listing Contact
    Hannah Ng
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    279 Glenwood Ave, Bloomfield, NJ 07003
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!