One-Story
For Sale
$395,000
403 Broad St #403, Bloomfield, NJ 07003
B-2-zoned space offers a flexible setting for a range of commercial businesses.
Property Size1,250 SF
Price / SF$316
Days on Market281
Property Features for 403 Broad St #403
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Zoning
B-2
Additional Details
Highway Access
Yes
Building Details
Building Size
1,250 SF
Year Built
1906
Stories
1
Units
1
Listing Agency:
Century 21 A. G. Realty Group
Listed By:
Alexis Guilliani
(973) 928-3330
Source:
Cammarotarealestate
Added: Jan 15
Changed: Oct 22
Last Checked: Oct 22 at 2:33PM
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 storefront contains approximately 1,250 square feet and was built in 1906. Its B-2 zoning and flexible commercial layout support a range of business uses.
The property is on Broad Street in Bloomfield, within a mixed residential and commercial area. Public transportation is available outside the property, and the Garden State Parkway is accessible from the area.
The property is on Broad Street in Bloomfield, within a mixed residential and commercial area. Public transportation is available outside the property, and the Garden State Parkway is accessible from the area.
Key Highlights
- Approximately 1,250 square feet of commercial space
- B‑2 zoning
- One‑story building constructed in 1906
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
91k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Eloise's Garden — 279 Ridgewood Ave, Glen Ridge, NJ 07028
- LUSH FLEURISTE — 69 E Passaic Ave, Bloomfield, NJ 07003
- Brookside Garden Center — 551 Broad St, Bloomfield, NJ 07003
Frequently Asked Questions
What type of property is this?
Storefront property - B-2-zoned space offers a flexible setting for a range of commercial businesses.
Where is this storefront property located?
The property is located at 403 Broad St #403 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: Approximately 1,250 square feet of commercial space; B‑2 zoning; One‑story building constructed in 1906
