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Financial
Distress signals
Property profile

538 Bloomfield Ave Verona, NJ 07044

FOR SALE
Other commercial real estate
Property ID
US59-1062916
2,600 SF 0.06 ac lot Built 1890
Last sale Feb 2026 · $905,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a built-out office space totaling approximately 3,350 square feet, historically used as a real estate office. It is located at the intersection of Bloomfield Avenue and Park Place, positioned directly in front of Verona Park. About 1,250 square feet is on street level along Bloomfield Avenue, while the remaining space is in a finished basement that functions as ground floor access from the parking area behind the building and is accessible from Bloomfield Avenue. Parking is…

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?
$19k
Tax billed · 2022
Assessed value · 2023$630k
Assessed land$242k
Assessed improvement$388k
Effective rate2.99%

Value estimate

· Oct 2026
$455k
$410k – $501k
AI approach$455k
CAP approach$550k
Submarket $/SF estimate$522k
NOI build-up
Gross scheduled income$101k
Vacancy & credit loss−$32k
Operating expenses−$17k
NOI · 705.99% cap applied$51k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$352/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$223 – $452
Qualifying comparables5

Cap rate analysis

How does the asset earn?
705.99%
$51k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.5
Bakery10.0
Carpet & Flooring Store9.5

Location

538 Bloomfield Ave Verona, NJ 07044
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog · not on file

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
11 Park, Verona, NJ 07044-1901 $755,000 Feb 2026 2,424 SF
185 Pompton, Verona, NJ 07044 $925,000 Mar 2025 1,980 SF
36 Park, Verona, NJ 07044-2440 $1,150,000 Feb 2025 3,150 SF
470 Bloomfield, Verona, NJ 07044-2017 $600,000 Aug 2024 2,934 SF
125 Bloomfield, Verona, NJ 07044-2702 $700,000 Feb 2024 3,352 SF
702 Bloomfield, Verona, NJ 07044 $1,100,000 Nov 2021 2,991 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
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