Single-Story Medical Office
10 Franklin Turnpike, Mahwah, NJ 07430
For Sale
Contact for pricing
Existing clinical layout combines exam and consultation rooms with diagnostic, laboratory, and patient reception areas.
Property Size5,000 SF
Price / SF$458
Days on Market11
Property Features for 10 Franklin Turnpike
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Building Details
Buildings
Stories
Listing Agency:
The Clinical Group
Listed By:
Randy Horning · License #NJ 0791133
(201) 488-5800
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Clinical Group
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Investment Insights
Based on property information with market context.
This 5,000-square-foot, single-story medical office property has 9 exam rooms, 10 private offices, an x-ray room, a laboratory, reception and waiting space, and 5 bathrooms. Multiple entrances and on-site private parking complement the existing medical layout, which can accommodate multiple tenants.
The property fronts Franklin Turnpike, where reported traffic volume is 14,336 vehicles per day.
The property fronts Franklin Turnpike, where reported traffic volume is 14,336 vehicles per day.
Key Highlights
- 5,000 SF medical office building
- 9 exam rooms and 10 private offices
- X‑ray room, laboratory, reception and waiting area, and 5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,500
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,530,000
$1.5M
Cap Rate 7%
$1,092,857
$1.1M
Cap Rate 9%
$850,000
$850.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$48.0K −$9.60/SF
EGI
$102.0K $20.40/SF
− OpEx
−$25.5K −$5.10/SF
NOI
$76.5K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,530,000
Cap Rate 7%
$1,092,857
Cap Rate 9%
$850,000
Alternative Uses
Best Use
Office B
$1.09M
$956.3K – $1.28M
NOI $76,500 @ 7.0% cap · market cap 3.34%
Second Best
Healthcare Medical
$1.06M
$930.6K – $1.24M
NOI $74,448 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 07430, NJ
25,487
Population
10,058
Households
2.5
Avg Household Size
45
Median Age
60%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,003
Density / Sq Mi
$128,125
Median Household Income
$59,767
Median Earnings
$2,301
Median Rent
$590,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Bergen County, NJ
Properties on Market for Medical Office Space in Bergen County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical layout combines exam and consultation rooms with diagnostic, laboratory, and patient reception areas.
Where is this medical office space located?
The property is located at 10 Franklin Turnpike Mahwah, NJ.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 5,000 SF medical office building; 9 exam rooms and 10 private offices; X‑ray room, laboratory, reception and waiting area, and 5 bathrooms
