Medical Office
For Sale
$1,200,000
25 Morris Avenue, Springfield, NJ 07081
Doctor/medical office building with commercial zoning, built in 1985, near 26,695 vehicles per day traffic count.
Property Size5,200 SF
Lot Size0.20 Acres
Price / SF$230.77
Days on Market75
Property Features for 25 Morris Avenue
General Information
Standard status
Active
Size
5,200 SF
Class
B
Lot size
0.20 Acres
Property subtype
Office - General Office
Zoning
Commercial
Additional Details
Traffic Count
26,695 vehicles/day
Building Details
Building Size
5,200 SF
Year Built
1985
Listing Agency:
The Blau & Berg Company
Listed By:
Tamara J. Blau · License #1540828
(973) 379-6644
Source:
Commercialcafe
Added: Jul 25
Changed: Oct 3
Last Checked: Oct 5 at 3:13PM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This medical office building is currently set up for a doctor/medical office use and includes approximately 5,200 square feet of property size within a total building size of about 5,200 SF. The property was built in 1985 and sits on an approximately 0.2-acre lot.
Commercial zoning applies, and the recorded traffic count is 26,695.
The site dimensions are listed as 91’ x 97’ (Block 904, Lot 28).
Commercial zoning applies, and the recorded traffic count is 26,695.
The site dimensions are listed as 91’ x 97’ (Block 904, Lot 28).
Key Highlights
- Doctor/medical office building totaling ±5,200 SF
- Built in 1985 and currently used as a doctor/medical office
- Zoned commercial (Block 904, Lot 28)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,560
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,200
$1.6M
Cap Rate 7%
$1,136,571
$1.1M
Cap Rate 9%
$884,000
$884.0K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$156.0K $30.00/SF
− Vacancy
−$49.9K −$9.60/SF
EGI
$106.1K $20.40/SF
− OpEx
−$26.5K −$5.10/SF
NOI
$79.6K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,200
Cap Rate 7%
$1,136,571
Cap Rate 9%
$884,000
Alternative Uses
Best Use
Office B
$1.14M
$994.5K – $1.33M
NOI $79,560 @ 7.0% cap · market cap 6.63%
Second Best
Healthcare Medical
$1.11M
$967.8K – $1.29M
NOI $77,426 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,048 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
26,695 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07081, NJ
17,200
Population
6,844
Households
2.5
Avg Household Size
43
Median Age
64%
College-Educated
95%
High-School Grad
5.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$146,059
Median Household Income
$70,781
Median Earnings
$2,135
Median Rent
$590,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- True Monarch In-Home Veterinary Service — 118 Victory Rd Apartment 324, Springfield, NJ 07081
Frequently Asked Questions
What type of property is this?
Medical Office Space - Doctor/medical office building with commercial zoning, built in 1985, near 26,695 vehicles per day traffic count.
Where is this medical office space located?
The property is located at 25 Morris Avenue Springfield, 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: Doctor/medical office building totaling ±5,200 SF; Built in 1985 and currently used as a doctor/medical office; Zoned commercial (Block 904, Lot 28)
