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    116 Millburn Ave Millburn, NJ 07041

    For Lease
    Contact for pricing

    Medical/Office building with units available near public transportation.

    Property size:
    1,500 SF
    Lot size:
    1.36 Acres

    Property Features for 116 Millburn Ave

    General Information

    Size
    1,500 SF
    Lot size
    1.36 Acres

    Source: The Blau & Berg Company Agent Tamara J. Blau

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

    Overview

    Medical/Office Building Millburn Avenue

    This medical/office building offers units of approximately 1,200 SF and 1,500 SF. Off-street parking is available. The location is ideal for doctors and other medical professionals. The property is close to Chase Bank, Whole Foods Market, Target, Best Buy, Home Depot, Staples, and Trader Joe’s. It is within walking distance to the bus stop for NJ Transit Bus 70 and minutes from I-78, Route 24, and the Garden State Parkway.
    Insight Report Location Intelligence

    Current Use by Public Records

    Optum Primary Care ... Doctor Qaisra Saeed Cardiologist Shail Sheth Gastroenterologist Deborah Rosenberg Dentist Dr. Rajendra R. ... Cardiologist

    Suggested Use

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

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

    Similar Places Nearby

    Valley Veterinary Hospital, Norman Stack, Millburn Veterinary Hospital, True Monarch In-Home Veterinary Service

    Location Insight

    • Map
    • Local Demand
    City
    Millburn
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2885707
    Latitude
    40.7220512

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    FAQs

    What type of property is this?
    Medical office - Medical/Office building with units available near public transportation.
    Where is this medical office located?
    The property is located at 116 Millburn Ave Millburn, NJ.
    What are key features of this property?
    This property features: - ±25,000 SF Medical / Office Building; - Ideal for Doctors and Other Medical Professionals; - Off-Street Parking Available
    (917) 488-6846
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    116 Millburn Ave Millburn, NJ 07041
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    Millburn, NJ 07041
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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
    116 Millburn Ave Millburn, NJ 07041
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