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Property profile

402 Bloomfield Ave Bloomfield, NJ 07003

FOR SALE
Commercial real estate
Property ID
US59-1199429
3,966 SF 0.21 ac lot Built 1890
Last sale Apr 2025 · $1,575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 402-406 Bloomfield Avenue in Bloomfield, NJ, presents a lucrative investment opportunity. The two-story building encompasses a total of 4,885 square feet on a 0.21-acre lot and boasts nine units: three one-bedroom apartments, three two-bedroom apartments, and three street-level retail spaces. The property has undergone a complete and extensive renovation, including a brand new roof and siding, updated stonework, and a comprehensive interior…

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?
$52k
Tax billed · 2022
Assessed value · 2023$1.00M
Assessed land$323k
Assessed improvement$677k
Effective rate5.15%

Value estimate

· Oct 2026
$2.04M
$1.84M – $2.24M
Submarket $/SF estimate$1.33M
NOI build-up
Gross scheduled income$147k
Vacancy & credit loss−$10k
Operating expenses−$61k
NOI · 4.42% cap applied$75k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$246/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$149 – $334
Qualifying comparables8

Cap rate analysis

How does the asset earn?
4.42%
$75k 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?
CBD
R-2B Zone - Residential, two-family, forty-foot frontage. (5) R-G Zone - Garden apartment. (6) R-T Zone - Residential townhouse. (7) R-H ...
General categoryCOMMERCIAL
JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.9
Tech Support Center9.7
Hotel & Motel8.7

Location

402 Bloomfield Ave Bloomfield, NJ 07003
County assessor Recorded deeds · 7 transfers 8 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
377 Broad, Bloomfield, NJ 07003-2782 $775,000 Jun 2025 5,046 SF
150 Orange, Bloomfield, NJ 07003-4704 $62,000 Dec 2024 2,308 SF
160 Orange, Bloomfield, NJ 07003-4748 $180,000 Sep 2024 3,770 SF
1292-1296 Broad, Bloomfield, NJ 07003-3032 $835,000 Apr 2024 4,680 SF
33-35 Columbus, Bloomfield, NJ 07003-5907 $650,000 Jul 2023 5,000 SF
313 Glenwood, Bloomfield, NJ 07003-4387 $400,000 Feb 2023 3,708 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

Ask Rey → ChatGPT Grok Claude
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