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Property profile & analytics
OFF-MARKET Estimated value $850,000
Commercial real estate

995 Bloomfield Ave West Caldwell, NJ 07006-7128

2,560 SF 0.57 ac lot Built 1971
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-1100216
Property summary
AI-generated overview

This exceptional freestanding retail building, situated at a prime Bloomfield Avenue intersection in West Caldwell, presents a unique investment opportunity. Originally constructed in 1971 and extensively renovated in 2010, the 2,658 square foot single-tenant space boasts excellent visibility and accessibility. The property includes a convenient drive-thru, a significant advantage for various retail uses. Ample parking is provided with 20 spaces, catering to customer convenience. The 0.57-acre lot offers considerable space for outdoor activities or expansion. This location benefits from high traffic counts exceeding 24,000 vehicles daily on Bloomfield Avenue, placing it within West Caldwell's thriving retail corridor. The surrounding area boasts a substantial population exceeding 189,000 residents, with average household incomes surpassing $140,000, indicating strong consumer spending power. The property's proximity to major retailers further enhances its appeal and potential for success. Ideal for a variety of retail, food, or medical businesses seeking a high-traffic, high-visibility location. Annual property taxes are $9.26 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located retail property in a highly desirable market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1971
Total area 2,560 SF
Lot 0.57 ac (24,659 SF)
Zoning code B-1
APN 21 01603-0000-00001
UPID US59-1100216
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
$545k
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$850k
Owner & transaction history
995 Bloomfield Ave LLC · 1 yrs held
995 Bloomfield Ave LLC
since 2024
Last sale
$850,000
4 recorded transactions
2024
$850,000
2008
$682,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-1 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

, apartments located above commercial establishments shall be permitted in B-1 Zone Districts, subject to the parking regulations of Subsection 20-23.4d . b. Before issuing a certificate of occupancy or a construction permit or a zoning permit for any premises intended for a permitted combination of dwelling and commercial occupancy, or which would result in…

Zone name Special Business And Multifamily Residence
General category INDUSTRIAL
Zone area 34.90 ac
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