Retail Space in
403 Broad Bloomfield, NJ 07003
403 Broad, Bloomfield, NJ, 07003
$395,000
For Sale
$395,000
One-story retail building in a vibrant mixed-use neighborhood.
Property Size1,250 SF
Price / SF$316
Days on Market181
Property Features for 403 Broad
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Commercial
Listing Agency
CENTURY 21 A.G. REALTY GROUP
(973) 928-3330
Listed by
ALEXIS GUILLIANI
Source
Corcoran
Added: Jan 17 Checked: Jul 17 at 2:49 am
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 CENTURY 21 A.G. REALTY GROUP
Investment Insights
Based on property information with market context.
This one-story retail building provides approximately 1,250 sq ft of commercial space. The property is located in a mixed residential-commercial neighborhood and offers visibility to foot and vehicle traffic. Situated along one of Bloomfield’s active passages, this location benefits from a mix of daily destinations and small businesses. Public transportation is accessible right outside the property, and there is easy access to the Garden State Parkway. The property is located in Essex County and is suitable for numerous different business types. It is anchored by residential density, daily services, and pedestrian activity.
Key Highlights
- Excellent visibility to foot and vehicle traffic on a highly active street.
- Located in a vibrant mixed residential‑commercial neighborhood.
- 1,250 sq ft of flexible commercial space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $21.60 |
| − Vacancy | −$1.5k | −$1.21 |
| EGI | $25.5k | $20.39 |
| − OpEx | −$7.6k | −$6.12 |
| NOI | $17.8k | $14.27 |
1,250 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$254.9K
$223.0K – $297.4K
NOI $17,842 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shooting Star Dance ...
Training Center
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - One-story retail building in a vibrant mixed-use neighborhood.
Where is this retail space located?
The property is located at 403 Broad Bloomfield, NJ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Excellent visibility to foot and vehicle traffic on a highly active street.; Located in a vibrant mixed residential‑commercial neighborhood.; 1,250 sq ft of flexible commercial space.
