Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    118 John F Kennedy N Dr Bloomfield, NJ 07003-3385
    Back to Search
    Property profile & analytics

    118 John F Kennedy N Dr, Bloomfield, NJ 07003-3385

    View on Map
    • Industrial properties
    • 71,996 SF
    • 1.94 lot acres
    Off-Market
    Property ID
    US59-1704814
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Exacta Apparel / Clothing Store / Clothing Alteration Service
    • Exacta Cutting™ (Garment, Apparel Industry) / (Bike/Boat/Book/etc) Store

    Property Details for 118 John F Kennedy N Dr

    Year built
    1985
    Lot size
    1.94 lot acres
    Zone code
    M-1
    Property type
    Industrial properties
    APN
    02 00130-0000-00001
    APU
    200130000000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 25, 2025 — Erh 18 Jfk Realty LLC — Deed · related $5.5M · Oceanfirst Bank
    Aug 8, 2024 — Brh 18 Jfk Realty LLC — Deed · related $4M · 100 118 Jfk Dr LLC
    Sep 14, 2017 — Brh 18 Jfk Realty LLC — Deed · related $2.8M · Lakeland Bk
    May 2, 2016 $3,580,000 Brh 18 Jfk Realty LLC 118 John F Kennedy Drive North Grant Deed · related $1.8M · 118 John F Kennedy Drive North
    Nov 4, 2010 $1,200,000 John F Kennedy Drive Nort 118 Eskimo Pie Corp Grant Deed $1.2M · Eskimo Pie Corp
    — — Brh 18 Jfk Realty LLC — Deed Of Trust · related $2.8M · Lakeland Bk
    — — John F Kennedy Drive Nort 118 — Deed Of Trust · related $500k · Las Marias Group Ltd
    — — 118 John F Kennedy Drive N LLC — Deed Of Trust · related $600k · Real Estate Asset Mgmt Ltd

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,110,000
      Market price range: $3.00M - $12.7M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1999
    Latitude
    40.7846
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $156,932
    $776,000
    $3,851,900
    $4,627,900
    -
    $776,000
    $3,851,900
    $4,627,900

    Comparable in this City

    • Value Estimation
      $740,000
      8.11 Acres

      55 La France Ave

      INDUSTRIAL (GENERAL)
      55 La France Ave, Bloomfield, NJ 07003-5681
      View Details
    • Value Estimation by Request
      0.28 Acres

      62 Ackerman St

      INDUSTRIAL (GENERAL)
      62 Ackerman St, Bloomfield, NJ 07003
      View Details
    • Value Estimation by Request
      0.06 Acres

      51 Alva St, Unit 3

      INDUSTRIAL (GENERAL)
      51 Alva St, Bloomfield, NJ 07003-5901
      View Details
    • Value Estimation
      $820,000
      0.32 Acres

      12 Willow St, Unit 18

      INDUSTRIAL (GENERAL)
      12 Willow St, Bloomfield, NJ 07003-4728
      View Details
    • Value Estimation
      $630,000
      0.78 Acres

      136 Arlington Ave

      INDUSTRIAL (GENERAL)
      136 Arlington Ave, Bloomfield, NJ 07003-4616
      View Details
    • Value Estimation by Request
      1.33 Acres

      131 Arlington Ave

      INDUSTRIAL (GENERAL)
      131 Arlington Ave, Bloomfield, NJ 07003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Bloomfield Warehouse For Sale

      8,000 sqft warehouse available in Bloomfield Township, NJ.
      606 Bloomfield Ave, Bloomfield, NJ 07003
      View Details
    • Contact for pricing

      Land Parcel For Future Development

      Land parcel with potential for development, expansion, or new construction.
      117 Hoover Ave, Bloomfield, NJ 07003
      View Details
    • Contact for pricing

      Turnkey Restaurant Space Near Station

      Restaurant space with new equipment and high foot traffic.
      9 Watsessing Ave, Bloomfield, NJ 07003
      View Details
    • $395,000
      1,250 SF

      Retail Space in Bloomfield

      One-story retail building in a vibrant, high-traffic location.
      403 Broad St, Bloomfield, NJ 07003
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo

      Redesigned Apartment in Bloomfield's Ampere

      Move-in ready apartment with new bamboo flooring and updated kitchen.
      403 Abington Ave, Bloomfield, NJ 07003
      View Details
    • Contact for pricing

      Turnkey Restaurant Space Available

      Fully operational restaurant space with new construction in 2024.
      336 Broad St, Bloomfield, NJ 07003
      View Details
    • $950 /Mo

      Bloomfield Center Office Space

      850 Sq Ft office space in Bloomfield Center.
      330 Glenwood Ave, Bloomfield, NJ 07003
      View Details
    • Contact for pricing
      4,400 SF

      Bloomfield Retail Space For Rent

      Retail space available in a densely populated area with parking.
      107-135 Bloomfield Ave, Bloomfield, NJ 07003
      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.
    118 John F Kennedy N Dr
    Bloomfield, NJ 07003-3385
    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

    Thank You for Inquiry
    118 John F Kennedy N Dr, Bloomfield, NJ, 07003
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!