Medical Office with Surgical
393 Mulberry St Newark, NJ 07102
For Sale
Contact for pricing
Newly built medical space includes surgical rooms, private offices, patient rooms, and lockers, with covered parking.
Property Size11,200 SF
Price / SF$526.79
Days on Market454
Property Features for 393 Mulberry St
General Information
- Standard status
- Active
- Size
- 11,200 SF
- Property subtype
- OFFICE
Listing Agency:
NAI James E. Hanson | Teterboro
(201) 478-7372
Listed By:
Randy Horning, MSRE
(201) 739-9311
Source:
Moodyscre
Added: Apr 29, 2025
Changed: Jul 25
Last Checked: Jul 26 at 12:28PM
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 NAI James E. Hanson | Teterboro
Investment Insights
Based on property information with market context.
This newly built-out medical office space is designed for clinical use and includes surgical rooms, private offices, patient rooms, and lockers. A procedure room is also available in connection with the offering.
The sale/lease includes a license for Class C and Class B, along with covered parking.
The existing improvements support a healthcare workflow, with dedicated exam and procedure areas plus administrative space for day-to-day operations.
The sale/lease includes a license for Class C and Class B, along with covered parking.
The existing improvements support a healthcare workflow, with dedicated exam and procedure areas plus administrative space for day-to-day operations.
Key Highlights
- Newly built medical space with surgical rooms, private offices, patient rooms, and lockers
- Includes a license for Class C and Class B, plus a procedure room, available with the sale/lease
- Covered parking
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 | $380.4k | $33.96 |
| − Vacancy | −$88.6k | −$7.91 |
| EGI | $291.7k | $26.05 |
| − OpEx | −$72.9k | −$6.51 |
| NOI | $218.8k | $19.54 |
11,200 SF · lease $33.96/SF/yr · vacancy 23.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.13M
$2.73M – $3.65M
NOI $218,797 @ 7.0% cap · market cap 3.71%
Second Best
Healthcare Medical
$2.90M
$2.54M – $3.39M
NOI $203,213 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,783 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Over The Road Trucking ...
Trucking Company
Jan Jaeyeon Shim
Physician
Riverside Surgical Center ...
Medical Clinic
Majid K. Khan
Physician
Dr. Ndidiamaka Ezuma
Physician
FAQs
What type of property is this?
Medical Office Space - Newly built medical space includes surgical rooms, private offices, patient rooms, and lockers, with covered parking.
Where is this medical office space located?
The property is located at 393 Mulberry St Newark, NJ.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Newly built medical space with surgical rooms, private offices, patient rooms, and lockers; Includes a license for Class C and Class B, plus a procedure room, available with the sale/lease; Covered parking
