450 Bloomfield Ave Verona, NJ 07044-2033
This exceptional 1029-square-foot office space, located at 450 Bloomfield Avenue, Unit 203, Verona, NJ, presents a fantastic opportunity for businesses seeking a thriving location. Situated in an eight-unit building brimming with successful enterprises, this second-floor unit boasts a spacious layout encompassing three distinct sections, a large kitchen, and a private bathroom. The property is conveniently located across the street from Verona Park, offering employees and clients a tranquil green space. Ample parking is available with 25 co-shared spaces in a private lot directly across from the building. This Class B office space is part of a vibrant, up-and-coming area experiencing significant growth and the influx of new businesses. The asking price is $2500. The 0.17-acre lot provides convenient access and visibility. All permitted uses are subject to the Township of Verona's business application approval process. A significant advantage is the absence of common area maintenance (CAM) charges. Furthermore, snow removal is handled by the landlord, eliminating a significant operational concern. Finally, any future tax increases on the building will be shared proportionally among the eight units. A floor plan is available upon request.
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Breslow Law Offices Law Firm
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Alivio Products Wellness Program
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Mary Kabat, LCSW Psychotherapist Family Counselor
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Community Advocates Business Management Consultant
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Squire Retirement Plan Services Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.