Financial
Distress signals
Property profile

362 Franklin St Bloomfield, NJ 07003

FOR LEASE
Office buildings
Property ID
US59-1529846
2,514 SF 0.22 ac lot Built 1938
Last sale Oct 2024 · $411,137
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, located at 362 Franklin Street, Unit 100, in Bloomfield, New Jersey, presents a prime opportunity for businesses seeking a versatile and well-situated space. The property encompasses approximately 3,000 square feet, distributed across two floors, offering ample room for a variety of commercial uses. The interior is fully finished, providing a blank canvas for customization to perfectly match your business requirements. Whether you envision a modern…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value · 2023$509k
Assessed land$229k
Assessed improvement$280k
Effective rate3.39%

Value estimate

· Sep 2026
$410k
$369k – $451k
AI approach$410k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$29k
Operating expenses−$15k
NOI · 1,020.00% cap applied$46k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$253/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$191 – $335
Qualifying comparables11

Cap rate analysis

How does the asset earn?
1,020.00%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BCR2
JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service8.9
Tech Support Center8.6
Butcher8.6

Location

362 Franklin St Bloomfield, NJ 07003
County assessor Recorded deeds · 3 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
187 Broad, Bloomfield, NJ 07003-2605 $265,000 Jan 2025 2,307 SF
307 Montgomery, Bloomfield, NJ 07003-3417 $402,500 Oct 2023 2,657 SF
10 Washington, Bloomfield, NJ 07003-3412 $650,000 Sep 2022 2,736 SF
400 Belleville, Bloomfield, NJ 07003-3299 $258,000 Sep 2022 2,297 SF
205 Thomas, Bloomfield, NJ 07003-2504 $432,000 Mar 2022 2,429 SF
10 Mdw, Bloomfield, NJ 07003-4308 $555,000 Aug 2021 2,986 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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