Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    440 Bloomfield Ave Montclair, NJ 07042

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    440 Bloomfield Ave Montclair, NJ 07042

    View on Map
    • Retail properties & Spaces
    • 1,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Montclair Wine Cellar / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 440 Bloomfield Ave

    Property size
    1,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional turnkey opportunity presents a thriving wine and spirits shop located at 440 Bloomfield Ave, Montclair, NJ 07042, in the heart of Montclair's vibrant business district. The 1,000 square foot storefront boasts impressive annual sales of $600,000, generating a substantial net operating income (NOI) of $150,000 and a compelling 20.69% cap rate. The current lease, commencing January 12, 2024, and expiring December 31, 2034, offers a flexible 11-year term with a monthly rent of $3,500. The asking price is $725,000, representing a significant value proposition for an established business with proven profitability. This is an owner/user investment opportunity, offering the chance to acquire a well-established business with a strong track record and significant growth potential. The business includes the license and inventory, making it a truly turnkey operation. Larger locations are also available in Montclair should the buyer wish to expand the business. This is a rare chance to acquire a profitable, established business in a prime location. The property's central location ensures high visibility and foot traffic, contributing to its consistent success. The flexible lease terms provide operational flexibility and long-term security.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montclair
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2171
    Latitude
    40.8134

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      460 Bloomfield Ave

      Restaurants • 0.23 Acres
      460 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      35,947 SF

      42-50 Park St

      Retail properties & Spaces • 35,947 SF
      42-50 Park St, Montclair, NJ 07042
      View Details
    • Value Estimation by Request

      427 Bloomfield Ave

      Office Units
      427 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      9,100 SF

      310-312 Bloomfield Ave

      Retail properties & Spaces • 9,100 SF
      310-312 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      19,548 SF

      6 Gates Ave

      Retail properties & Spaces • 19,548 SF
      6 Gates Ave, Montclair, NJ 07042
      View Details
    • Value Estimation by Request
      8,000 SF

      665-679 Bloomfield Ave

      Land • 8,000 SF
      665-679 Bloomfield Ave, Montclair, NJ 07042
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.24 Acres

      Renovated Retail Space in Montclair

      6,000 SF renovated retail space in downtown Montclair.
      5 S Willow St, Montclair, NJ 07042
      View Details
    • Contact for pricing
      2,513 SF

      Downtown Montclair Retail Space

      Retail space in the heart of downtown Montclair.
      568 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing

      Turnkey Beauty Academy in Montclair

      Fully accredited beauty academy for sale in high-demand Montclair location.
      24 Elm St, Montclair, NJ 07042
      View Details
    • Contact for pricing
      2,000 SF

      Retail Building in Montclair, NJ

      2,000 SF retail building on 0.22 AC lot.
      651 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • $249,000
      4,904 SF

      Montclair Commercial Condo Near Train

      Commercial condo unit near train station, suitable for retail/office.
      41 Glenridge Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing
      2,335 SF

      Retail Space on Valley Road

      Retail space available for lease or sale in Montclair, NJ.
      629 Valley Rd, Montclair, NJ 07042
      View Details

    Similar Nearby for Lease

    • $2,350 /Mo

      Retail Space in Montclair

      Retail space with high visibility in a vibrant business district.
      324 Orange Rd, Montclair, NJ 07042
      View Details
    • Contact for pricing
      2,216 SF

      Montclair Retail Space For Rent

      8,000 SF retail building in downtown Montclair.
      653-679 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing
      1,208 SF

      Prime Montclair Retail Space Available

      Retail space available in downtown Montclair, 1,208 SF.
      702 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing
      9,000 SF

      Prime Corner Retail Space Montclair

      High-visibility retail space in Downtown Montclair.
      536 Bloomfield Ave, Montclair, NJ 07042
      View Details
    • Contact for pricing
      30,383 SF

      Modern Office and Retail Space

      Class A office building with ground floor retail space.
      641 Bloomfield Ave, Montclair, NJ 07042
      View Details
    Request Owner's contact information
    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.
    440 Bloomfield Ave
    Montclair, NJ 07042
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!