Property profile

362 Franklin St Bloomfield, NJ 07003

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

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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 2026
$410k
$369k – $451k
AI approach$410k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$29k
Operating expenses−$15k
NOI$46k

Realmo valuation models over county records and 4 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 comparables4

Cap rate analysis

How does the asset earn?
$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 4 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 · 18 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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