Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    685 Bloomfield Ave Verona, NJ 07044

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,500 /Mo

    Fully renovated medical office with four examination rooms and parking.

    Property Features for 685 Bloomfield Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Steven Lee
    Steven Lee
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Steven Lee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Medical Office Space

    This is a ground floor, fully renovated, turnkey medical office space. The property features four examination rooms and excellent parking.
    Location Intelligence

    Current Use by Public Records

    Kelly Nakielny Marriage Or Relationship Counselor Sayers William D Law Firm Deanna Carell Acupuncture Medical Clinic Reginald Wingo, LCSW Foster Care Service Dr. Pranay J. ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Verona Animal Hospital, Verona Animal Hospital: Scriffignano A P DVM, Marsh Hospital For Animals, Taggart Kimberly P DVM, Roberto Marisa DVM

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Essex
    State
    New Jersey
    Longitude
    -74.249585
    Latitude
    40.8332522

    Nearby Similar for Lease

    • $2,300 /Mo
      7,405 SF

      Verona Twp. Commercial Space Available

      Second-floor office/retail space in Verona Twp. with parking.
      450 Bloomfield Ave, Verona, NJ 07044
      View Details
    • $3,500 /Mo

      Turn Key Medical Office

      Fully renovated ground floor medical office with four examination rooms.
      685 Bloomfield Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      20,000 SF

      Verona Medical Office Sublease Opportunity

      Medical office suite available for sublease in Verona, NJ.
      825 Bloomfield Ave, Verona, NJ 07044
      View Details
    • $700 /Mo

      Office Space Available For Rent

      Office space available for lease at $11 per square foot.
      212 Pompton Ave, Verona, NJ 07044
      View Details
    • $1,400 /Mo
      2,100 SF

      Professional Office Space Available

      Upstairs office unit in a professional building, utilities included.
      212 Pompton Ave, Verona, NJ 07044
      View Details
    • $700 /Mo
      2,100 SF

      Verona Office Space for Rent

      Prime office space in Verona with utilities included.
      212 Pompton Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      3,666 SF

      Bloomfield Avenue Retail Space Available

      Retail space for rent in Verona, New Jersey.
      599 Bloomfield Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      3,437 SF

      Retail Space with Drive Thru

      Former bank and learning center spaces available for lease.
      30 Pompton Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with Drive Thru

      Available retail spaces with high traffic and drive-thru.
      14 Pompton Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      209,331 SF

      Pilgrim Shopping Center: Verona, NJ

      Verona Warehouse Space: Retail & Industrial
      265-345 Pompton Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      20,000 SF

      Bloomfield Ave Medical Office Suite

      Sublease Opportunity: 2,250 SF Medical Office
      825 Bloomfield Ave, Verona, NJ 07044
      View Details
    • Contact for pricing
      12,857 SF

      Verona Medical Office Space For Lease

      Class A Office, Ample Parking, 3,170 SF Available
      799 Bloomfield Ave, Verona, NJ 07044
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Fully renovated medical office with four examination rooms and parking.
    Where is this medical office space located?
    The property is located at 685 Bloomfield Ave Verona, NJ.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: - Fully renovated medical office in turn key condition; - Features four examination rooms; - Ground floor location
    (973) 994-4323
    Request Owner's contact information
    685 Bloomfield Ave Verona, NJ 07044
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    685 Bloomfield Ave
    Verona, NJ 07044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    685 Bloomfield Ave Verona, NJ 07044
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steven Lee
    Steven Lee
    (973) 994-4323
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!