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Property profile & analytics
OFF-MARKET Estimated value $3,355,000
Commercial real estate

825 Bloomfield Ave Verona, NJ 07044-1366

14,078 SF 1.27 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-1668002
Property summary
AI-generated overview

This exceptional 2,250 square foot medical office suite is available for sublease at 825 Bloomfield Avenue. The space boasts a modern design within a newly constructed building and offers ample parking. Ideal for a variety of medical practices, the suite includes two exam rooms, two procedure rooms equipped with plumbing and cabinetry, and three private offices. A dedicated laboratory and nursing station are also incorporated into the layout. Enhancements include two private balconies providing abundant natural light and an ADA-compliant restroom. Shared amenities within the building are extensive and include a comfortable waiting room, a well-appointed break room/kitchen with cabinetry and sink, a dedicated photo room, and a secure storage/delivery area, along with a shared restroom. The building's location offers excellent accessibility, with proximity to several major hospitals including Family Practice Associates (0.2 miles), Vanguard Medical Group (1.4 miles), Essex County Hospital Center (2 miles), Mountainside Medical Center (3.2 miles), Clara Maass Medical Center (5.7 miles), and St. Joseph's Regional Medical Center (6 miles). This prime location, combined with the suite's modern features and convenient amenities, presents a unique opportunity for a thriving medical practice. The total building size is 20,000 square feet, with the remaining space occupied by a single tenant.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 14,078 SF
Lot 1.27 ac (55,321 SF)
APN 20 01601-0000-00001
UPID US59-1668002
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
  • Lisa Hayes, MD, FACOG Physician
  • Nikole Bobadilla, MD, FACOG Physician
  • Linda Luisi-Purdue, MD, FACOG Physician
  • Deval Gadhvi, MD Physician
  • Assoc OB GYN and Infertility at SMG Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.11M
CAP Approach CAP
$2.99M
Comparable Approach Comparable
$2.61M
Blend (final) Blend
$3.36M
Owner & transaction history
Arcadian Professional Properties Nj · 5 yrs held
Arcadian Professional Properties Nj
since 2021
Last sale
$3.2M
5 recorded transactions
2022
Price N/A
2021
Price N/A
2018
$3.2M
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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