Turnkey Medical Office Near
150 OVERLOOK AVE Hackensack, NJ 07601
150 OVERLOOK AVE, Hackensack, NJ, 07601
$467,000
For Sale
$467,000
Move-in ready medical office space near Hackensack University Medical Center.
Property Size1,700 SF
Price / SF$274.71
Days on Market100
Property Features for 150 OVERLOOK AVE
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Commercial
Listing Agency
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
(201) 223-4207
Listed by
MONICA CAPELLAN · License #1649145
Source
Corcoran
Added: Apr 9 Checked: Jul 17 at 2:55 am
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 PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This turnkey medical office, located in a northern New Jersey healthcare corridor near Hackensack University Medical Center, is available for sale. The suite, approximately 1,700 rentable square feet, has been operating as a GYN practice for nearly 20 years. It features a waiting area with administrative reception window, five consultation/exam rooms, two private offices, two restrooms, and a kitchenette. A Jack-and-Jill layout connects select rooms to support clinical workflow and patient circulation. The suite includes eight assigned parking spaces and a private entrance from the parking area, providing direct patient access. This meticulously maintained, move-in ready space is suitable for specialty practitioners, healthcare groups, or investors seeking a stabilized medical asset in a high-demand location.
Key Highlights
- Turnkey medical office, zero buildout required.
- Premier healthcare corridor location, steps from Hackensack University Medical Center.
- Established GYN practice location with nearly 20 years of continuous operation.
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 | $51.0k | $30.00 |
| − Vacancy | −$16.3k | −$9.60 |
| EGI | $34.7k | $20.40 |
| − OpEx | −$8.7k | −$5.10 |
| NOI | $26.0k | $15.30 |
1,700 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap · market cap 5.57%
Second Best
Healthcare Medical
$361.6K
$316.4K – $421.9K
NOI $25,312 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,073 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stratford House Inc
General Contractor
Family Dental Associates ...
Dental Office
Institute For Weight Management
Weight Loss Service
Collado Anna Dr
Physician
HackenackUMG 150 Overlook, ...
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Move-in ready medical office space near Hackensack University Medical Center.
Where is this medical office space located?
The property is located at 150 OVERLOOK AVE Hackensack, NJ.
What is the asking price?
The asking price for this property is $467,000.
What are key features of this property?
This property features: Turnkey medical office, zero buildout required.; Premier healthcare corridor location, steps from Hackensack University Medical Center.; Established GYN practice location with nearly 20 years of continuous operation.
