Medical Office
For Sale
Contact for pricing
2-27 Mountain Blvd, Warren, NJ 07059
Patient-facing rooms are complemented by dedicated file storage and additional basement storage.
Property Size925 SF
Price / SF$2.29
Days on Market132
Property Features for 2-27 Mountain Blvd
General Information
Standard status
Active
Size
925 SF
Additional Details
Asking Price
$254,375
Taxes and HOA fees
Annual Taxes
$3,586
Listing Agency:
REALTY NETWORK
(908) 756-7373
Listed By:
ROBERT BERLANT
(908) 704-1235
Source:
Exprealty
Added: Jun 10
Changed: Oct 19
Last Checked: Oct 19 at 1:59PM
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 REALTY NETWORK
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 925-square-foot medical office suite includes three exam rooms, a reception area, and a separate waiting area. A private restroom and dedicated file storage are also part of the layout. The property has an additional 725 square feet of basement space for storage.
Key Highlights
- 925‑square‑foot medical office suite
- Three exam rooms
- Additional 725 square feet of basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,773
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,460
$275.5K
Cap Rate 7%
$196,757
$196.8K
Cap Rate 9%
$153,033
$153.0K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$24.4K $26.40/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$23.0K $24.82/SF
− OpEx
−$9.2K −$9.93/SF
NOI
$13.8K $14.89/SF
Area
Somerset County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,460
Cap Rate 7%
$196,757
Cap Rate 9%
$153,033
Alternative Uses
Best Use
Office B
$202.2K
$176.9K – $235.9K
NOI $14,153 @ 7.0% cap · market cap 667.59%
Second Best
Healthcare Medical
$196.8K
$172.2K – $229.6K
NOI $13,773 @ 7.0% cap · market cap 649.67%
Theoretical Best
Office A
$241.5K
$211.4K – $281.8K
NOI $16,908 @ 7.0% cap · market cap 797.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07059, NJ
16,096
Population
5,924
Households
2.7
Avg Household Size
47
Median Age
68%
College-Educated
97%
High-School Grad
19.7 sq mi
ZIP Area
817
Density / Sq Mi
$201,579
Median Household Income
$88,318
Median Earnings
$2,099
Median Rent
$899,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Patient-facing rooms are complemented by dedicated file storage and additional basement storage.
Where is this medical office space located?
The property is located at 2-27 Mountain Blvd Warren, NJ.
What are key features of this property?
This property features: 925‑square‑foot medical office suite; Three exam rooms; Additional 725 square feet of basement storage
