Retail Storefront
For Sale
$1,300,000
606 BLOOMFIELD AVE, Bloomfield, NJ 07003
For sale retail storefront property offering approximately 8,000 square feet in a single unit.
Property Size8,000 SF
Price / SF$162.50
Days on Market301
Property Features for 606 BLOOMFIELD AVE
General Information
Standard status
Active
Size
8,000 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$26,569
Amenities
Central Air
3
Vinyl, Carpet
Fire Alarm
Flat
B-1
Parking.
2 Car Garage, Driveway, Lot.
65 X 122, 65 X 122
Handicapped Access. Central Business District.
Listing Agency:
REALTY ONE GROUP PRODIGY
(973) 661-1719
Listed By:
ATAULLAH R BARNES
Source:
Xome
Added: Oct 13, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:33AM
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 REALTY ONE GROUP PRODIGY
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale as a single unit. The space provides approximately 8,000 square feet of commercial retail area, suited for an owner-user or tenant looking for a storefront configuration.
The property is located at 606 Bloomfield Ave Unit -, Bloomfield, NJ 07003. Please confirm unit details and any configuration specifics directly with the listing broker.
For inquiries or to schedule a showing, contact the broker for additional information on the interior layout and current condition.
The property is located at 606 Bloomfield Ave Unit -, Bloomfield, NJ 07003. Please confirm unit details and any configuration specifics directly with the listing broker.
For inquiries or to schedule a showing, contact the broker for additional information on the interior layout and current condition.
Key Highlights
- Approximately 8,000 SF retail storefront in a single unit
- Zoned B‑1 (Central Business District)
- Central air conditioning and heating (Heating: 3)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,186
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,283,720
$2.3M
Cap Rate 7%
$1,631,229
$1.6M
Cap Rate 9%
$1,268,733
$1.3M
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$172.8K $21.60/SF
− Vacancy
−$9.7K −$1.21/SF
EGI
$163.1K $20.39/SF
− OpEx
−$48.9K −$6.12/SF
NOI
$114.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,283,720
Cap Rate 7%
$1,631,229
Cap Rate 9%
$1,268,733
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,186 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,227 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
187k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 40%
Groceries 32%
Dining 15%
Shops & Services 11%
The Home Depot
Home Improvements & Furnishings
72,931 visits/mo
0.3 miles
Aldi
Groceries
42,345 visits/mo
0.5 miles
Super Foodtown
Groceries
18,080 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,139 visits/mo
0.1 miles
Exxon
Shops & Services
8,768 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property offering approximately 8,000 square feet in a single unit.
Where is this storefront property located?
The property is located at 606 BLOOMFIELD AVE Bloomfield, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 8,000 SF retail storefront in a single unit; Zoned B‑1 (Central Business District); Central air conditioning and heating (Heating: 3)
