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    8 Shunpike Rd Madison, NJ 07940

    For Sale
    $450,000

    Commercial - Madison Boro, NJ

    Property size:
    10,000 SF
    Lot size:
    1.10 Acres
    Days on Market:
    148
    Last Refresh:
    Dec 10 at 1:06 am

    Property Features for 8 Shunpike Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Medical
    Rooms
    Basement
    Parking
    60
    Parking features
    Parking Lot
    Basement Y/N
    1
    Size
    10,000 SF
    Lot size
    1.10 Acres

    Building Details

    Year built
    1964
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Carpet, Linoleum, Vinyl
    Building materials
    Block, Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    Kienlen Lattmann Sotheby's International Realty (908) 696-8600 [email protected]

    Listing agent LIDIA S. GABINELLI (908) 719-2500

    Listing date Jul 16, 2025

    MLS# 3975459 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Suite in Madison

    This bright and sunny end unit, a 1,024 square foot medical office suite, is ideally located with close proximity to parking and easy, direct access. The layout includes a waiting room, reception area, three exam rooms, one private office, a storage room, a kitchenette, a closet, and a powder room. The property is designated for medical or dental use. It is located in a 10,000 square foot building consisting of 7 units with a partnership agreement. The monthly fee of $1792 covers all expenses, maintenance including trash and recycle removal, snow removal, and landscaping, utilities including heat, electric of common area, water/sewer, and insurance. Air conditioning is provided by separate units. The roof was redone in 2021. Situated in the heart of Madison, the property is 4.5 miles from Morristown Medical Center and 5.4 miles from Overlook Medical Center. It is also conveniently located close to shops, restaurants, Route 78, and Route 287. The building is located on a 1.1 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buryk Joellen Nursing Agency Dr. Vesna Nikodijevic Pediatrician Coyle Dentistry: Dr. ... Dentist Dr. Nimish B. ... Dentist Gary Berger Family Practice Physician

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Veterinary Dentistry Specialists, Trapp, Inc

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.42898273468
    Latitude
    40.745858910472

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    FAQs

    What type of property is this?
    Medical office - Bright, sunny medical office suite in the heart of Madison.
    Where is this medical office located?
    The property is located at 8 Shunpike Rd Madison, NJ.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Ideal location in the heart of Madison, close to shops, restaurants, Rt. 78 & Rt. 287.; - Turnkey medical/dental office suite featuring a waiting room, reception, 3 exam rooms, private office, and kitchenette.; - Convenient access with end-unit location close to parking.
    (908) 719-2500
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    Madison, NJ 07940
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    Realmo Value Estimation

    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.

    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.

    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
    8 Shunpike Rd Madison, NJ 07940
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