Mixed-Use Space with Storefront
291 Bloomfield Ave, Caldwell, NJ 07006
For Sale
New
Contact for pricing
An open interior, dedicated work area, and private restroom provide a flexible commercial layout.
Property Size800 SF
Price / SF$2.44
Days on Market2
Property Features for 291 Bloomfield Ave
General Information
Standard status
Size
Additional Details
Condition
Property Use
Amenities
private restroom
dedicated work area
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS SUBURBAN REALTY
Listed By:
TRACY TOFANELLI
(973) 226-0200
Source:
Luminancerealty
Added: Nov 8
Last Checked: Sep 12 at 8:23AM
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 KELLER WILLIAMS SUBURBAN REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot commercial space is located in the rear unit at 291 Bloomfield Avenue. Its open layout includes a dedicated work area and private restroom, with laminate flooring and large storefront windows. The interior was updated and offers a straightforward starting point for customization.
The property is in downtown Caldwell, among established local businesses, with pedestrian and vehicle traffic in the surrounding area. Commercial zoning and public water are noted for the property.
The property is in downtown Caldwell, among established local businesses, with pedestrian and vehicle traffic in the surrounding area. Commercial zoning and public water are noted for the property.
Key Highlights
- 800‑square‑foot rear unit at 291 Bloomfield Avenue
- Large storefront windows and an open interior
- Dedicated work area and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,040
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,800
$220.8K
Cap Rate 7%
$157,714
$157.7K
Cap Rate 9%
$122,667
$122.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$19.2K $24.00/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$17.7K $22.08/SF
− OpEx
−$6.6K −$8.28/SF
NOI
$11.0K $13.80/SF
Area
Essex County, NJ
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,800
Cap Rate 7%
$157,714
Cap Rate 9%
$122,667
Alternative Uses
Best Use
Retail
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 585.59%
Second Best
Mixed Use
$157.7K
$138.0K – $184.0K
NOI $11,040 @ 7.0% cap · market cap 566.15%
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 749.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 25%
Home Improvements & Furnishings 23%
Shops & Services 17%
Super Foodtown
Groceries
14,427 visits/mo
0.1 miles
Costello's Ace Hardware
Home Improvements & Furnishings
9,077 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,937 visits/mo
0.3 miles
Exxon
Shops & Services
4,311 visits/mo
0.2 miles
Minuteman Press
Shops & Services
1,231 visits/mo
0.1 miles
Demographics for 07006, NJ
26,733
Population
10,183
Households
2.6
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,875
Density / Sq Mi
$148,645
Median Household Income
$74,342
Median Earnings
$1,973
Median Rent
$667,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Essex County, NJ
Properties on Market for Mixed-use properties in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An open interior, dedicated work area, and private restroom provide a flexible commercial layout.
Where is this mixed-use property located?
The property is located at 291 Bloomfield Ave Caldwell, NJ.
What are key features of this property?
This property features: 800‑square‑foot rear unit at 291 Bloomfield Avenue; Large storefront windows and an open interior; Dedicated work area and private restroom
