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    875 Bloomfield Ave West Caldwell, NJ 07006

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    875 Bloomfield Ave West Caldwell, NJ 07006

    View on Map
    • Super regional malls
    • 17.90 lot acres
    For Lease
    $42,930,000
    View Listing →
    Commercial Space For Lease For Lease
    $42,930,000

    Commercial Space For Lease

    Commercial space available for lease in West Caldwell, NJ.

    875 Bloomfield Ave, West Caldwell, NJ 7006
    View Listing
    Property ID
    US59-2207558
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stop & Shop / Grocery & Convenience Store / Food Market
    • Clark Brothers Roofing & Construction / Roofing Company / General Contractor
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Western Union / Bank / Credit Union
    • PNC ATM / Atm

    Property Details for 875 Bloomfield Ave

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    17.90 lot acres
    Zone code
    B-2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    21 01504-0000-00001
    APU
    2101504000000001

    Description

    This exceptional retail opportunity is located at 875 Bloomfield Avenue in West Caldwell, New Jersey, within the vibrant Essex Mall. The property offers a total of 189,773 square feet of retail and restaurant space, currently featuring multiple tenants. Four spaces are immediately available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,200 square feet. A total of 7,500 square feet is currently vacant and ready for immediate occupancy. The property boasts ample parking with 977 spaces available for customers and employees. Situated in Essex County, this prime location in West Caldwell (zip code 07006) offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's convenient location and substantial parking make it an attractive option for businesses seeking high foot traffic and easy access for customers. This is a fantastic opportunity to establish or expand your business in a thriving commercial center. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Caldwell
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3005
    Latitude
    40.8532
    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
    $1,094,634
    $8,950,000
    $32,232,600
    $41,182,600
    -
    $8,950,000
    $32,232,600
    $41,182,600

    Comparable in this City

    • Value Estimation by Request
      189,773 SF

      875-975 Bloomfield Ave

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    • Value Estimation by Request
      3,000 SF

      687-693 Bloomfield Ave

      Lifestyle centers • 3,000 SF
      687-693 Bloomfield Ave, West Caldwell, NJ 07006
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    • Value Estimation by Request
      9,271 SF

      1213 &1221 Bloomfield Ave

      Distribution properties • 9,271 SF
      1213 &1221 Bloomfield Ave, West Caldwell, NJ 07006
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    • Value Estimation by Request
      1,088 SF

      693 Bloomfield Ave

      Restaurants • 1,088 SF
      693 Bloomfield Ave, West Caldwell, NJ 07006
      View Details
    • Value Estimation
      $755,000
      2.65 Acres

      33 Clinton Rd

      COMMERCIAL (GENERAL) • 2.65 Acres
      33 Clinton Rd, West Caldwell, NJ 07006-6716
      View Details
    • Value Estimation
      $1,205,000
      10.02 Acres

      4 Henderson Dr

      INDUSTRIAL (GENERAL) • 10.02 Acres
      4 Henderson Dr, West Caldwell, NJ 07006-6608
      View Details

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      Retail Storefront Available For Rent

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    View Listing
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    875 Bloomfield Ave
    West Caldwell, NJ 07006
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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