Retail Space in
For Sale
$395,000
403 Broad St, Bloomfield, NJ 07003
One-story retail building in a vibrant mixed-use neighborhood.
Property Size1,250 SF
Price / SF$316
Days on Market231
Property Features for 403 Broad St
General Information
Standard status
Active
Size
1,250 SF
Building Details
Year Built
1906
Listing Agency:
CENTURY 21 A.G. REALTY GROUP
Listed By:
ALEXIS GUILLIANI
(973) 220-6420
Source:
Goldstandardrealty
Added: Mar 5
Changed: Oct 14
Last Checked: Oct 7 at 1:35PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,842
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,840
$356.8K
Cap Rate 7%
$254,886
$254.9K
Cap Rate 9%
$198,244
$198.2K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.0K $21.60/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$25.5K $20.39/SF
− OpEx
−$7.6K −$6.12/SF
NOI
$17.8K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,840
Cap Rate 7%
$254,886
Cap Rate 9%
$198,244
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
McDonald's
Dining
27,661 visits/mo
0.1 miles
QuickChek
Shops & Services
15,031 visits/mo
0.1 miles
BP
Shops & Services
12,714 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,337 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,794 visits/mo
0.5 miles
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 Retail in Northeast region
Frequently Asked Questions
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 St 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.
