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    506 15Th Ave Paterson, NJ 07504

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    For Sale
    $898,000

    Freestanding medical office building for sale in prime location.

    Property size:
    4,884 SF
    Lot size:
    0.11 Acres

    Property Features for 506 15Th Ave

    General Information

    Size
    4,884 SF
    Lot size
    0.11 Acres

    Source: NAI James E. Hanson | Teterboro Agent Darren M. Lizzack, MSRE

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

    Overview

    Turnkey Medical Office Building

    A 4,884 square foot freestanding, turnkey medical office building is available for sale. The property includes a 1,909 square foot medical office suite.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Similar Places Nearby

    Sova Animal Hospital-Paterson

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.142694
    Latitude
    40.9145858

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    FAQs

    What type of property is this?
    Medical office - Freestanding medical office building for sale in prime location.
    Where is this medical office located?
    The property is located at 506 15Th Ave Paterson, NJ.
    What is the asking price?
    The asking price for this property is $898,000.
    What are key features of this property?
    This property features: - Turnkey medical office building; - 4,884 SF freestanding building; - Prime location
    (201) 488-5800
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    506 15Th Ave Paterson, NJ 07504
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    Paterson, NJ 07504
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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
    506 15Th Ave Paterson, NJ 07504
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