Medical Office with Exam
For Sale
Contact for pricing
329 Belleville Ave, Bloomfield, NJ 07003
Clinical layout includes private office space, reception, waiting area, and elevator access.
Property Size19,000 SF
Price / SF$0.22
Days on Market99
Property Features for 329 Belleville Ave
General Information
Standard status
Active
Size
19,000 SF
Elevators
Yes
Building Details
Year Built
1950
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
CALVIN WINGO
(973) 778-4500
Source:
Goldstandardrealty
Added: Jul 12
Changed: Oct 6
Last Checked: Oct 7 at 3:05PM
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
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 medical office property in Bloomfield includes exam rooms, a private office, reception, and a waiting area. The space was previously operated as a stress test laboratory practice and is suited to medical or treatment-related occupancy. An elevator serves the property, and parking is available for occupants and visitors.
Built in 1950, the property is located at 329 Belleville Ave in Bloomfield Township, New Jersey. Its existing clinical configuration provides a defined patient-facing area alongside private work space and supporting circulation areas.
Built in 1950, the property is located at 329 Belleville Ave in Bloomfield Township, New Jersey. Its existing clinical configuration provides a defined patient-facing area alongside private work space and supporting circulation areas.
Key Highlights
- Exam rooms, private office, reception, and waiting area
- Previously operated as a stress test laboratory practice
- Elevator‑served property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$282,902
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,658,040
$5.7M
Cap Rate 7%
$4,041,457
$4.0M
Cap Rate 9%
$3,143,356
$3.1M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$501.6K $26.40/SF
− Vacancy
−$30.1K −$1.58/SF
EGI
$471.5K $24.82/SF
− OpEx
−$188.6K −$9.93/SF
NOI
$282.9K $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%
$5,658,040
Cap Rate 7%
$4,041,457
Cap Rate 9%
$3,143,356
Alternative Uses
Best Use
Office B
$4.15M
$3.63M – $4.85M
NOI $290,700 @ 7.0% cap · market cap 6,893.53%
Second Best
Healthcare Medical
$4.04M
$3.54M – $4.72M
NOI $282,902 @ 7.0% cap · market cap 6,708.61%
Theoretical Best
Office A
$4.96M
$4.34M – $5.79M
NOI $347,290 @ 7.0% cap · market cap 8,235.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,804
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Essex Animal Hospital — 709 Bloomfield Ave, Bloomfield, NJ 07003
- Vet Izzy — 329 Belleville Ave, Bloomfield, NJ 07003
- All Paws Dermatology & Allergy — 329 Belleville Ave, Bloomfield, NJ 07003
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical layout includes private office space, reception, waiting area, and elevator access.
Where is this medical office space located?
The property is located at 329 Belleville Ave Bloomfield, NJ.
What are key features of this property?
This property features: Exam rooms, private office, reception, and waiting area; Previously operated as a stress test laboratory practice; Elevator‑served property
