554 Bloomfield Ave Bloomfield, NJ 07003-3307
Property profile & analytics
554 Bloomfield Ave Bloomfield, NJ 07003-3307
- Office buildings
- 23,840 SF
- 0.14 lot acres
Property ID
US59-1456010
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.
Location Intelligence
Current Use by Public Records
- Pascal Stephen DDS / Dental Office
- Baer Richard DDS / Dental Office
- US Marine Corps Recruiting / Military Recruiting Office
- School / College
- WRMN / Radio Station / Telecommunications Service
Property Details for 554 Bloomfield Ave
- Year built
- 1952
- Lot size
- 0.14 lot acres
- Property size
- 23,840 SF
- Zone code
- BCR2
- Property type
- Office buildings
- APN
- 02 00153-0000-00029
- APU
- 200153000000029
Description
This four-story, 19,400 square foot office building at 554 Bloomfield Avenue in Bloomfield, NJ, presents a compelling investment opportunity. The property, built in 1961 and situated on a 0.14-acre lot, is a mixed-use building with six tenants and boasts a 97.65% occupancy rate. The ground floor features retail space, while floors two through four house office spaces. Benefit from below-market rents, offering significant upside potential. The building enjoys a prime downtown location, just 0.15 miles from the NJ Transit Bloomfield Train Station and adjacent to the Avalon Bloomfield Station (a 224-unit multifamily complex with ground-floor retail). Its central location places it within walking distance of numerous national retailers including KFC, Dunkin', Provident Bank, H&R Block, USPS, IHOP, AT&T, and Starbucks, as well as local shops. The property is also conveniently located 0.25 miles from Bloomfield College and Bloomfield High School, and offers easy access to the Garden State Parkway and is only 20 miles from New York City. Strong demographics further enhance its appeal, with over 333,000 people residing within a three-mile radius and an average annual household income exceeding $111,000 within one mile. This property offers a blend of established tenancy and significant growth potential in a thriving Essex County location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,420,000
- ML approach
- $3,370,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,136,000
Market price range: $3.14M - $5.46M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1975
- Latitude
- 40.7924
- 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
$46,453
$210,000
$1,159,900
$1,369,900
-
$210,000
$1,159,900
$1,369,900
