Medical Office
465 UNION AVE Unit 465 Bridgewater, NJ 08807
465 UNION AVE Unit 465, Bridgewater, NJ, 08807
$3,000,000
For Sale
$3,000,000
Medical office building with substantial on-site parking and all units currently rented.
Property Size16,000 SF
Price / SF$187.50
Days on Market591
Property Features for 465 UNION AVE Unit 465
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Office
Listing agency
RE/MAX ACHIEVERS
(908) 522-9444
Listed by
TONI ANN GONCALVES · License #16239
Source
Xome
Added: Dec 8, 2024 Updated: Jul 22 at 5:44PM Checked: Jul 22 at 5:44PM
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 RE/MAX ACHIEVERS
Investment Insights
Based on property information with market context.
This medical office building is offered for sale with all units currently rented. The property includes substantial on-site parking to support day-to-day access for patients, staff, and visitors.
The building is described as being minutes from RWJ hospital, and it sits on over 2.5 acres according to the public remarks.
Available details indicate a multi-unit medical configuration and an active tenancy, supported by the statement that all units are rented at the time of listing.
The building is described as being minutes from RWJ hospital, and it sits on over 2.5 acres according to the public remarks.
Available details indicate a multi-unit medical configuration and an active tenancy, supported by the statement that all units are rented at the time of listing.
Key Highlights
- Medical office building for sale with all units currently rented
- Over 2.5 acres with a huge on‑site parking lot
- Corner lot
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 | $480.0k | $30.00 |
| − Vacancy | −$153.6k | −$9.60 |
| EGI | $326.4k | $20.40 |
| − OpEx | −$81.6k | −$5.10 |
| NOI | $244.8k | $15.30 |
16,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,800 @ 7.0% cap · market cap 8.16%
Second Best
Healthcare Medical
$3.40M
$2.98M – $3.97M
NOI $238,234 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$4.18M
$3.66M – $4.87M
NOI $292,454 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Melanie A Giordano
Physician
David A Widman
Physician
Brian Katz, MD
Physician
David M Epstein
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical office building with substantial on-site parking and all units currently rented.
Where is this medical office space located?
The property is located at 465 UNION AVE Unit 465 Bridgewater, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Medical office building for sale with all units currently rented; Over 2.5 acres with a huge on‑site parking lot; Corner lot
