Financial
Distress signals
Property profile

340 Franklin St Bloomfield, NJ 07003

FOR LEASE
Office buildings
Property ID
US59-1667849
2,334 SF 0.11 ac lot Built 1890
Last sale Jun 2017 · $295,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 340 Franklin St, Unit 2, is a second-floor professional office suite in Bloomfield, New Jersey, located on a main arterial route with access to the Garden State Parkway. The unit is configured for professional office use and is suited to small businesses seeking a dedicated workplace setting. The suite includes one assigned parking space, with additional street parking available for visitors. Utilities are included, and the office configuration provides the possibility of additional space within the same building if more area is required.

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?
$10k
Tax billed · 2022
Assessed value · 2023$298k
Assessed land$122k
Assessed improvement$176k
Effective rate3.39%

Value estimate

· Sep 2026
$425k
$383k – $468k
AI approach$425k

Realmo valuation models over county records and 12 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 comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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

340 Franklin St Bloomfield, NJ 07003
County assessor Recorded deeds · 1 transfer 12 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
283 Franklin, Bloomfield, NJ 07003-4822 $507,500 Sep 2023 1,952 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
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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