Property profile

340 Bloomfield Ave Caldwell, NJ 07006

OFF-MARKET
Other commercial real estate
Property ID
US59-3174792
8,785 SF 0.14 ac lot Built 1940
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is an office space located in Caldwell and configured for use by a small business. It includes approximately 1,000 square feet of office area and an additional approximately 200 square foot garage space suitable for storage or inventory. The interior layout features a kitchenette and a full bathroom. The property also includes one assigned parking space.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 8,785 SF
Lot 0.14 ac (5,910 SF)
Zoning code B
APN 03 00053-0000-00012
UPID US59-3174792

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tutoring Service

Location

340 Bloomfield Ave Caldwell, NJ 07006-5155
Caldwell metro Census 21702 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.87M
Comparable Approach Comparable
$960k
Blend (final) Blend
$575k

Owner & transaction history

since 2019
6 recorded transactions
2019
$1.3M
2019
Price N/A
2005
$1.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B · Caldwell, NJ
Zoning description

Massage, bodywork and somatic therapy. While massage parlors remain a prohibited use, massage, bodywork and somatic therapy shall be permitted as an accessory use in the B General Business District, provided the followin…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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