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    Northfield Commercial Property For Lease Title is generated by Realmo AI

    1634 New Rd, Northfield, NJ 08225

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    For Lease
    $15,553 /Mo

    COMMERCIAL - Northfield, NJ

    Type:Office
    Added:
    Nov 8, 2024
    Days on Market:
    559
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 1634 New Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    OPB
    Rooms
    Office, Laundry Room
    Parking features
    Off Street
    Security features
    Security System
    Interior features
    Display Windows, Restroom, Security System
    Exterior features
    Sign
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    32019

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Zoned, Natural Gas
    Cooling system
    Zoned, Central Air
    Water source
    Public

    Building Details

    Roof type
    Fiberglass

    We can help!

    Listing Contact
    CARLO LOSCO

    Listing agent CARLO LOSCO License #RB-7854227

    Listing office BALSLEY/LOSCO 1630 NEW ROAD, Northfield, NJ

    Listing date Nov 8, 2024

    MLS# 590664

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location on a busy thoroughfare ensures maximum exposure.
    • Currently configured for medical use with over 20 rooms and multiple reception areas.
    • Ample on‑site parking for 30+ vehicles.
    • Ground‑floor layout with in‑slab drainage and direct parking lot access.
    • Prominent, high‑visibility sign with multiple panels for advertising.
    • Bonus second‑floor seminar space with additional storage.

    Overview

    This commercial property, located in Northfield, NJ, is currently configured for medical use. The ground-floor layout features over 20 rooms, multiple reception areas, and a grand entry foyer. In-slab drainage is present, and direct access from the parking lot facilitates easy patient entry. Staff areas include dedicated break spaces. A bonus second-floor seminar space is available, along with additional storage. The property provides ample on-site parking for over 30 vehicles. A prominent, high-visibility sign with multiple panels offers advertising opportunities. Situated on a busy thoroughfare, the location ensures maximum exposure and convenience for business operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kardon Robert Dds Dental Office Skaler Barry P ... Dental Office Dr. Elliot M. ... Dental Office Cooper Joel B ... Dental Office Act On Total Health ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Northfield Veterinary Center — 611 New Rd, Northfield, NJ 08225

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5577645
    Latitude
    39.3707595

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    FAQs

    What type of property is this?
    Medical Office Space - Commercial property configured for medical use with ample parking.
    Where is this medical office space located?
    The property is located at 1634 New Rd Northfield, NJ.
    What is the lease rate?
    The lease rate is $15,553 /Mo.
    What are key features of this property?
    This property features: Prime location on a busy thoroughfare ensures maximum exposure.; Currently configured for medical use with over 20 rooms and multiple reception areas.; Ample on‑site parking for 30+ vehicles.
    (609) 646-3207
    We can help!
    Listing Contact
    CARLO LOSCO
    Real Estate License ID: RB-7854227
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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