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    Property profile & analytics

    391 Franklin St Bloomfield, NJ 07003-3404

    • Office buildings
    • 2,523 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Location Intelligence
    Property ID
    US59-0448358
    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.

    Current Use by Public Records

    • Law Office of Alan J. Markman, P.C. / Personal Injury Attorney
    • Markman & Cannan LLC / Personal Injury Attorney / Criminal Justice Attorney
    • Whitney London Events / Event Planner
    • Theodore J Leo Law Offices / Attorney
    • The Maritime Republic Imports / Importer

    Property Details for 391 Franklin St

    Year built
    1885
    Lot size
    0.33 lot acres
    Property size
    2,523 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    02 00271-0000-00003
    APU
    200271000000003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $375,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $405,000
      Mixed-Use
      $415,000
      Hospitality
      $380,000
      Educational
      $445,000
      Residential Income
      $490,000
      Energy
      $440,000
      Income-Based Land
      $355,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1949
    Latitude
    40.7926
    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
    $17,640
    $136,800
    $383,400
    $520,200
    -
    $136,800
    $383,400
    $520,200

    Comparable in this City

    • Value Estimation by Request
      3.96 Acres

      200 Broadacres Dr

      OFFICE BUILDING • 3.96 Acres
      200 Broadacres Dr, Bloomfield, NJ 07003-3154
      View Details
    • Value Estimation
      $2,180,000
      0.10 Acres

      539-541 Bloomfield Ave, Unit 541

      OFFICE BUILDING • 0.10 Acres
      539-541 Bloomfield Ave, Bloomfield, NJ 07003-3301
      View Details
    • Value Estimation
      $355,000
      2,128 SF

      316 Broad St

      OFFICE BUILDING • 2,128 SF
      316 Broad St, Bloomfield, NJ 07003-2747
      View Details
    • Value Estimation by Request
      16,224 SF

      1460 Broad St

      OFFICE BUILDING • 16,224 SF
      1460 Broad St, Bloomfield, NJ 07003-3014
      View Details
    • Value Estimation
      $1,670,000
      5,376 SF

      230 Broad St

      OFFICE BUILDING • 5,376 SF
      230 Broad St, Bloomfield, NJ 07003-7607
      View Details
    • Value Estimation
      $1,910,000
      4,799 SF

      1029 Broad St, Unit 1035

      OFFICE BUILDING • 4,799 SF
      1029 Broad St, Bloomfield, NJ 07003-2890
      View Details

    Similar Nearby for Sale

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    • New
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      Bloomfield Mixed-Use Investment Opportunity

      Renovated Bloomfield building with residential and office spaces for sale.
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    • Contact for pricing
      0.33 Acres

      Office Space For Sale

      Office building or suites available for purchase.
      295 Montgomery St, Bloomfield, NJ 07003
      View Details
    • Contact for pricing
      0.33 Acres

      Office Space in Bloomfield Twp.

      Office suites available for lease with utilities and parking included.
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    • $459,000

      Bloomfield Medical Office Condo

      Prime Bloomfield location, 1690 sq ft.
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    Similar Nearby for Lease

    • $4,500 /Mo

      High Visibility Retail/Office Space

      Office, retail, or upscale restaurant space in Caldwell Boro.
      266 Bloomfield Ave, Bloomfield, NJ 07003
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      Medical or treatment practice space in a desirable Bloomfield location.
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    • $6,000 /Mo
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      Bloomfield Office Space For Rent

      Furnished office space with basement and ample parking in Bloomfield.
      228-230 Montgomery St, Bloomfield, NJ 07003
      View Details
    • Contact for pricing
      20,000 SF

      Bloomfield Office Space For Rent

      Class A office park with high-end finishes and amenities.
      1515 Broad St, Bloomfield, NJ 07003
      View Details
    • $6,000 /Mo
      3,772 SF

      Furnished Office Space in Bloomfield

      Furnished office space with parking in a high-traffic area.
      228 Montgomery St, Bloomfield, NJ 07003
      View Details
    • $26 SF/Yr

      Broad Street Commercial Space Available

      Corner lot commercial space in high-traffic Broad Street district.
      375 Broad St, Bloomfield, NJ 07003
      View Details
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    391 Franklin St
    Bloomfield, NJ 07003-3404
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    Realmo Value Estimation

    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.

    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.

    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
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