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Property profile & analytics
OFF-MARKET Estimated value $1,540,000
Commercial real estate

450 Bloomfield Ave Verona, NJ 07044-2033

10,464 SF 0.18 ac lot Built 1988
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US59-1248083
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 10,464 SF
Lot 0.18 ac (7,623 SF)
APN 20 00701-0000-00002
UPID US59-1248083
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Breslow Law Offices Law Firm
  • Alivio Products Wellness Program
  • Mary Kabat, LCSW Psychotherapist Family Counselor
  • Community Advocates Business Management Consultant
  • Squire Retirement Plan Services Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$983k
Blend (final) Blend
$1.54M
Owner & transaction history
Brez Realty LLC · 9 yrs held
Brez Realty LLC
since 2017
1 recorded transaction
2017
$950,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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