Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Medical Office For Sale Title is generated by Realmo AI

    375 State Route 10, Whippany, NJ

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5,100 sqft+ renovated medical office space with 30 parking spaces.

    Type:OFFICE
    Property size:
    5,100 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $235/SF
    Added:
    Aug 1, 2023
    Days on Market:
    1062
    Last Refresh:
    May 19 at 9:27 pm

    Property Features for 375 State Route 10

    General Information

    Standard status
    Active
    Size
    5,100 SF
    Lot size
    0.75 Acres
    Property subtype
    OFFICE

    We can help!

    Contact an agent
    Gary Baez

    Listing office Cervelli Real Estate & Property Management

    Listing date Aug 1, 2023

    Source Moodyscre

    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 Cervelli Real Estate & Property Management

    HighLights

    • 5,100sqft+ medical office space available
    • Completely renovated within the past 4 years
    • 30 parking spaces on site, plus additional on site parking
    • Property for sale
    • Medical office space

    Overview

    This property offers over 5,100 square feet of medical office space and has been completely renovated within the past 4 years. The site includes 30 parking spaces.

    Local Financial Insights For Office B

    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 $153.0k $30.00
    − Vacancy −$49.0k −$9.60
    EGI $104.0k $20.40
    − OpEx −$26.0k −$5.10
    NOI $78.0k $15.30
    5,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.11M
    $975.4K – $1.30M (±1% cap)
    NOI $78,030 @ 7.0% cap · market cap 6.50%
    Second Best
    Healthcare Medical
    $1.08M
    $949.2K – $1.27M (±1% cap)
    NOI $75,937 @ 7.0% cap · market cap 6.33%
    Theoretical Best
    Office A
    $1.33M
    $1.17M – $1.55M (±1% cap)
    NOI $93,220 @ 7.0% cap · market cap 7.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    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.

    Similar Places Nearby

    • Whippany Veterinary Hospital and Animal Laser Center — 539 NJ-10, Whippany, NJ 07981
    • Longevity Veterinary Center, Holistic Pet Care — 265 NJ-10, Whippany, NJ 07981
    • Longevity Veterinary Center — 265 NJ-10 East, Whippany, NJ 07981

    Location Insight

    • Map
    • Local Demand
    City
    Whippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4074
    Latitude
    40.8198

    Nearby Similar for Sale

    • Contact for pricing
      45,834 SF

      Crosspointe Technology Center Building 1

      Technology center building available for sale or lease.
      945 State Route 10, Whippany, NJ 07981
      View Details
    • $1,400,000
      8,000 SF

      Freestanding Building on High-Traffic Route

      8,000+/- SF building on Route 10 with high visibility.
      500 Route 10, Hanover Twp., NJ 07981
      View Details
    • $1,400,000
      8,000 SF

      Freestanding Drive-Through Office Retail

      Freestanding building at a traffic-signal intersection with drive-through infrastructure and flexible B-10 retail and office zoning.
      500 Route 10, Hanover Twp., NJ 07981-1514
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 5,100 sqft+ renovated medical office space with 30 parking spaces.
    Where is this medical office space located?
    The property is located at 375 State Route 10 Whippany, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 5,100sqft+ medical office space available; Completely renovated within the past 4 years; 30 parking spaces on site, plus additional on site parking
    (551) 200-3787 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gary Baez
    Real Estate License ID: 1434899
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    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

    Thank You for Inquiry
    375 State Route 10, Whippany, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!