Fair Lawn Medical Building
25-15 Fair Lawn Fair Lawn, NJ 07410
25-15 Fair Lawn, Fair Lawn, NJ, 07410
$2,895,000
For Sale
$2,895,000
Well-maintained medical building in high-demand Fair Lawn location.
Property Size11,600 SF
Price / SF$249.57
Days on Market474
Property Features for 25-15 Fair Lawn
General Information
- Standard status
- Active
- Size
- 11,600 SF
- Property subtype
- Commercial
Listing agency
BETTER HOMES & GARDENS REAL ESTATE EXCLUSIVE PROPERTIES
(201) 796-7777
Listed by
MONIS YOUNG · License #8436804
Source
Corcoran
Added: Apr 5, 2025 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 5:06AM
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 BETTER HOMES & GARDENS REAL ESTATE EXCLUSIVE PROPERTIES
Investment Insights
Based on property information with market context.
This 11,600 square foot professional medical building is located in the center of Fair Lawn, New Jersey, in a sought-after medical corridor in Bergen County. The two-story building features six units with bright interiors and professional finishes. It is surrounded by shops, restaurants, apartments, and residential neighborhoods, offering strong visibility and steady foot traffic. The property is located steps from the Radburn train station, providing excellent accessibility. There are 45 on-site parking spaces. The building is in close proximity to Route 208, Route 17, shopping, transit, and community amenities. Strong long-term tenants with solid leases are in place, providing stable income.
Key Highlights
- Prime location in the heart of Fair Lawn's medical corridor, Bergen County.
- Stable income from strong, long‑term tenants with solid leases.
- Fully updated, well‑maintained 11,600 SF professional medical building with bright interiors and professional finishes.
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 | $348.0k | $30.00 |
| − Vacancy | −$111.4k | −$9.60 |
| EGI | $236.6k | $20.40 |
| − OpEx | −$59.2k | −$5.10 |
| NOI | $177.5k | $15.30 |
11,600 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,480 @ 7.0% cap · market cap 6.13%
Second Best
Healthcare Medical
$2.47M
$2.16M – $2.88M
NOI $172,719 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $212,029 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taya Volin, Lac
Alternative Medicine Practice
Fair Lawn Dental ...
Dental Office
Mahler Douglas DMD
Dental Office
Mahler Arthur F ...
Dental Office
Bright Smile Orthodontics ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical building in high-demand Fair Lawn location.
Where is this medical office space located?
The property is located at 25-15 Fair Lawn Fair Lawn, NJ.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Prime location in the heart of Fair Lawn's medical corridor, Bergen County.; Stable income from strong, long‑term tenants with solid leases.; Fully updated, well‑maintained 11,600 SF professional medical building with bright interiors and professional finishes.
