Elevator-Served Office
292 Bloomfield Ave, Montclair, NJ 07042
For Sale
Contact for pricing
Second-floor office suite with three rooms, shared waiting area, and elevator access within a restored historic building.
Property Size1,000 SF
Price / SF$3.70
Days on Market200
Property Features for 292 Bloomfield Ave
General Information
Standard status
Size
Total Parking Spaces
Building Details
Year Built
Listing Agency:
WEICHERT RLTRS RDG
Listed By:
JIE CHAN CHEN
(917) 613-3211
Source:
Luminancerealty
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 6 at 12:56AM
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 RLTRS RDG
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Investment Insights
Based on property information with market context.
Bright second-floor office suite in a beautifully restored historic building with elevator access. The space offers approximately 1,000 sq ft and includes three sun-filled rooms. It was previously used as a physical therapy clinic, and a shared waiting area sits just outside the unit.
The building provides 44 shared parking spaces and convenient access to public transportation. The property is positioned directly across from the Lackawanna Plaza redevelopment, which includes shops, dining, residential living, and NY train access.
All utilities and internet are included, which can simplify monthly operations for an office user.
The building provides 44 shared parking spaces and convenient access to public transportation. The property is positioned directly across from the Lackawanna Plaza redevelopment, which includes shops, dining, residential living, and NY train access.
All utilities and internet are included, which can simplify monthly operations for an office user.
Key Highlights
- Second‑floor commercial office suite in a restored historic building with elevator access
- About 1,000 sq ft offering three rooms
- Central air cooling; heating system listed as “3”; wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,890
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
$297.8K
Cap Rate 7%
$212,714
$212.7K
Cap Rate 9%
$165,444
$165.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.4K $26.40/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$24.8K $24.82/SF
− OpEx
−$9.9K −$9.93/SF
NOI
$14.9K $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%
$297,800
Cap Rate 7%
$212,714
Cap Rate 9%
$165,444
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 413.51%
Second Best
Healthcare Medical
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 402.43%
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 494.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,067
Businesses Nearby
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Business Placement
Demographics for 07042, NJ
27,384
Population
11,682
Households
2.3
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
7,206
Density / Sq Mi
$127,083
Median Household Income
$75,856
Median Earnings
$2,017
Median Rent
$733,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Essex County, NJ
Properties on Market for Office Units in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with three rooms, shared waiting area, and elevator access within a restored historic building.
Where is this office unit located?
The property is located at 292 Bloomfield Ave Montclair, NJ.
What are key features of this property?
This property features: Second‑floor commercial office suite in a restored historic building with elevator access; About 1,000 sq ft offering three rooms; Central air cooling; heating system listed as “3”; wood flooring
