Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27 Bleeker St, Unit 207 Millburn, NJ 07041

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space for sale in Millburn, New Jersey.

    Lot size:
    1.91 Acres

    Property Features for 27 Bleeker St

    General Information

    Standard status
    Active
    Lot size
    1.91 Acres
    Exterior features
    None, 2Sb, Parking., Lot., 1.91AC, Central Business District.
    Interior features
    A/C - Zone, 3, Tile, Wood

    Building Details

    Year built
    1969

    We can help!

    Listing Contact
    Jack Qizhan Yao
    Jack Qizhan Yao
    Source: Xome

    Listing Agency: REALMART REALTY Listing Agent: Jack Qizhan Yao

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Millburn Office Space Available

    This office space is located in Millburn/Short Hills, offering proximity to Main Street, Route 24, Route 78, Garden State Parkway, and the New Jersey Turnpike. It provides convenient access to major highways, Newark Liberty International Airport, and the ports of Newark and Elizabeth. The property features private office rooms and cubicles of varying sizes, along with a common/shared space that includes a reception area, shared kitchen, dining area, meeting rooms, and restrooms. There are over 150 parking spaces available. Unit 208, 209, 210, 211, and 214 are also available for rent at the same rate.
    Location Intelligence

    Current Use by Public Records

    Realmart Realty Real Estate Agency Lightbridge Academy Daycare Center All About Body ... Gym & Fitness Center Paparella Paul Engineer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Millburn
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3060452
    Latitude
    40.7154866

    Nearby Similar for Sale

    • $2,675,000

      Medical Office Condo For Sale

      8,000 sq ft medical office condo with ample parking.
      25 E Willow St, Millburn, NJ 07041
      View Details
    • $2,675,000
      8,300 SF

      Medical Office Condo For Sale

      Semi-detached condo with doctor offices, exam rooms, and parking.
      25 E Willow St, Millburn, NJ 07041
      View Details
    • Contact for pricing
      2,030 SF

      Retail Space Near Train Station

      Retail space for rent with heavy foot traffic.
      321 Millburn Ave, Millburn, NJ 07041
      View Details
    • Contact for pricing

      Office Space with Ample Parking

      Millburn office space with easy highway access and parking.
      27 Bleeker St, Millburn, NJ 07041
      View Details
    • Contact for pricing

      Bright Office Unit in Millburn

      Spacious office unit with ample parking and convenient highway access.
      27 Bleeker St, Millburn, NJ 07041
      View Details
    • Contact for pricing
      7,600 SF

      Industrial Building with Office Space

      7,600 SF industrial building with office and warehouse space.
      20 E Willow St, Millburn, NJ 07041
      View Details
    • Contact for pricing

      27 BLEEKER ST Unit 205, Millburn, NJ 07041

      27 Bleeker St, Millburn, NJ 07041
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for sale in Millburn, New Jersey.
    Where is this office units located?
    The property is located at 27 Bleeker St, Unit 207 Millburn, NJ.
    What is the asking price?
    The asking price for this property is $1,000.
    What are key features of this property?
    This property features: - 150+ parking spaces available; - Prime location: Minutes from Main Street and Route 24, Route 78, Garden State Parkway, NJ Turnpike; - Easy access to Newark Liberty International Airport and Ports of Newark and Elizabeth
    (732) 727-2285
    Request Owner's contact information
    27 Bleeker St, Unit 207 Millburn, NJ 07041
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27 Bleeker St, Unit 207
    Millburn, NJ 07041
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    27 Bleeker St, Unit 207 Millburn, NJ 07041
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jack Qizhan Yao
    Jack Qizhan Yao
    Real Estate License ID: 10491203908
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!