Corner Retail Parcel with
463 Bloomfield Ave Caldwell, NJ 07006
For Sale
Contact for pricing
Two-lot corner retail site zoned B with approximately 25 dedicated parking spots plus shared adjacent parking.
Property Size4,600 SF
Price / SF$239.13
Days on Market65
Property Features for 463 Bloomfield Ave
General Information
Standard status
Active
Size
4,600 SF
Property subtype
RETAIL
Listing Agency:
Newmark & Associates, Inc.
(201) 320-3430
Listed By:
Helene Elbaum
(201) 320-3430
Source:
Moodyscre
Added: May 26
Changed: Jul 29
Last Checked: Jul 29 at 4:19AM
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 Newmark & Associates, Inc.
Investment Insights
Based on property information with market context.
The offering consists of a two-lot corner property at Bloomfield Ave and Espy Rd, suited for retail development or use. The site is zoned B.
The property includes approximately 25 dedicated parking spots, along with access to a shared adjacent parking lot. It is within walking distance to area amenities and offers close proximity to major highways.
As a corner parcel with on-site parking, the property’s layout and zoning support practical retail use at this location in Caldwell, NJ.
The property includes approximately 25 dedicated parking spots, along with access to a shared adjacent parking lot. It is within walking distance to area amenities and offers close proximity to major highways.
As a corner parcel with on-site parking, the property’s layout and zoning support practical retail use at this location in Caldwell, NJ.
Key Highlights
- Two‑lot corner retail site at Bloomfield Ave and Espy Rd
- Zoned B
- Approx. 25 dedicated parking spots plus shared adjacent parking lot
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 | $99.4k | $21.60 |
| − Vacancy | −$5.6k | −$1.21 |
| EGI | $93.8k | $20.39 |
| − OpEx | −$28.1k | −$6.12 |
| NOI | $65.7k | $14.27 |
4,600 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$938.0K
$820.7K – $1.09M
NOI $65,657 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,081 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two-lot corner retail site zoned B with approximately 25 dedicated parking spots plus shared adjacent parking.
Where is this retail space located?
The property is located at 463 Bloomfield Ave Caldwell, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑lot corner retail site at Bloomfield Ave and Espy Rd; Zoned B; Approx. 25 dedicated parking spots plus shared adjacent parking lot
