Medical/Commercial Building Investment
110 S Grove St East Orange, NJ 07018
110 S Grove St, East Orange, NJ, 07018
$3,995,000
For Sale
$3,995,000
Fully occupied medical/commercial building with long-term tenants and income potential.
Property Size24,000 SF
Lot Size0.67 Acres
Price / SF$166.46
Days on Market131
Property Features for 110 S Grove St
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Lot size
- 0.67 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
Keller Williams Realty Premier Properties of Westfield
(908) 220-3484
Listed by
OLATUBOSUN MODILE
Source
Elliman
Added: Mar 10 Checked: Jul 17 at 6:35 am
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 Keller Williams Realty Premier Properties of Westfield
Investment Insights
Based on property information with market context.
This commercial building presents a medical investment or owner-occupied opportunity. The property is fully occupied by three long-term anchor tenants, encompassing 24,000 square feet on a 0.67-acre lot. The building is equipped with two elevators, loading docks, and a generator. There are 64 parking spaces, with the potential to generate additional income on a month-to-month basis. The property is conveniently located near major highways, RWJ, Cooperman Barnabas Medical Center, Clara Maass Medical Center, Newark Beth Israel Medical Center, and Overlook Medical Center. The tenants include Fresenius Dialysis Center, the State of New Jersey, and the City of East Orange. There is also the possibility to build an apartment complex.
Key Highlights
- 8% CAP Rate on Investment
- Fully occupied with three long‑term anchor tenants: Fresenius Dialysis Center, State of New Jersey, City of East Orange
- 24,000 sq ft building on .67 acre
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $633.6k | $26.40 |
| − Vacancy | −$38.0k | −$1.58 |
| EGI | $595.6k | $24.82 |
| − OpEx | −$238.2k | −$9.93 |
| NOI | $357.4k | $14.89 |
24,000 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$5.10M
$4.47M – $5.96M
NOI $357,350 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.27M
$5.48M – $7.31M
NOI $438,682 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fresenius Kidney Care ...
Medical Clinic
Dr. Allison Barone, ...
Physician
Dr. Sharon F. ...
Physician
Dr. Piotr S. ...
Physician
King Imasuen
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Fully occupied medical/commercial building with long-term tenants and income potential.
Where is this medical center located?
The property is located at 110 S Grove St East Orange, NJ.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 8% CAP Rate on Investment; Fully occupied with three long‑term anchor tenants: Fresenius Dialysis Center, State of New Jersey, City of East Orange; 24,000 sq ft building on .67 acre
