Storefront Property with Loft
For Sale
Contact for pricing
412 Broad St, Bloomfield, NJ 07003
Open commercial space includes a loft office and sits near commuter transit.
Property Size800 SF
Price / SF$2.25
Days on Market71
Property Features for 412 Broad St
General Information
Standard status
Active
Size
800 SF
Additional Details
Public Transit
Yes
Building Details
Year Built
1919
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
RUSS REGAL
(973) 233-2300
Source:
Goldstandardrealty
Added: Aug 7
Changed: Oct 14
Last Checked: Oct 7 at 3:06PM
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
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Investment Insights
Based on property information with market context.
This storefront property provides approximately 800 square feet of open commercial space along with a loft office. The building dates to 1919 and is positioned on Broad St in downtown Bloomfield, offering a compact layout for a range of storefront-oriented business concepts.
The property is located near Glen Ridge and Bloomfield train stations, with NYC bus service also nearby. Downtown shopping, fitness facilities, and entertainment are within the surrounding area, placing the space in an established pedestrian and commercial setting.
The property is located near Glen Ridge and Bloomfield train stations, with NYC bus service also nearby. Downtown shopping, fitness facilities, and entertainment are within the surrounding area, placing the space in an established pedestrian and commercial setting.
Key Highlights
- Approximately 800 square feet of open commercial space
- Loft office included within the storefront layout
- Building constructed in 1919
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,419
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,380
$228.4K
Cap Rate 7%
$163,129
$163.1K
Cap Rate 9%
$126,878
$126.9K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$17.3K $21.60/SF
− Vacancy
−$968 −$1.21/SF
EGI
$16.3K $20.39/SF
− OpEx
−$4.9K −$6.12/SF
NOI
$11.4K $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%
$228,380
Cap Rate 7%
$163,129
Cap Rate 9%
$126,878
Alternative Uses
Best Use
Retail
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 634.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 812.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
950
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
0.2 miles
BP
Shops & Services
12,714 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,337 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,794 visits/mo
0.3 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 - Open commercial space includes a loft office and sits near commuter transit.
Where is this storefront property located?
The property is located at 412 Broad St Bloomfield, NJ.
What are key features of this property?
This property features: Approximately 800 square feet of open commercial space; Loft office included within the storefront layout; Building constructed in 1919
