Medical Office Building with Flexible
2007 Washington Valley Rd Martinsville, NJ 08836
2007 Washington Valley Rd, Martinsville, NJ, 08836
$649,900
For Sale
$649,900
Medical office building on a nearly one-acre lot, offering multiple interior configurations and recent furnace and hot-water heater upgrades.
Property Size1,619 SF
Lot Size0.99 Acres
Price / SF$401.42
Days on Market17
Property Features for 2007 Washington Valley Rd
General Information
- Standard status
- Active
- Size
- 1,619 SF
- Lot size
- 0.99 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
RE/MAX PREMIER
(908) 754-1500
Listed by
BRENDA GARCIA · License #564501
Source
Corcoran
Added: Jul 6 Updated: Jul 21 at 1:29AM Checked: Jul 21 at 5:34AM
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 RE/MAX PREMIER
Investment Insights
Based on property information with market context.
This 1,619 sq. ft. medical office building sits on a nearly 1-acre lot and is presented in excellent condition. The interior offers various configuration options, supporting a range of professional office layouts. Recent improvements include a 2025 furnace and a 2025 hot-water heater.
The property is located at 2007 Washington Valley Rd in Bridgewater Twp., NJ 08836, within a commercial/residential zone. Public remarks indicate compatibility with doctor/dentist/general office uses, along with other C-1 uses; a copy of the ordinance for permitted uses is available.
Building and land are offered for sale. A lease option is also mentioned in the remarks.
The property is located at 2007 Washington Valley Rd in Bridgewater Twp., NJ 08836, within a commercial/residential zone. Public remarks indicate compatibility with doctor/dentist/general office uses, along with other C-1 uses; a copy of the ordinance for permitted uses is available.
Building and land are offered for sale. A lease option is also mentioned in the remarks.
Key Highlights
- Medical office building (1619 SF) built in 1950 on a .99‑acre lot in Martinsville
- Zoned for commercial/residential use in Martinsville, with C‑1 uses including doctor/dentist/general offices (ordinance copy available)
- Multiple interior configurations possible, with space set up for office or residential use
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 | $48.6k | $30.00 |
| − Vacancy | −$15.5k | −$9.60 |
| EGI | $33.0k | $20.40 |
| − OpEx | −$8.3k | −$5.10 |
| NOI | $24.8k | $15.30 |
1,619 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.9K
$309.6K – $412.9K
NOI $24,771 @ 7.0% cap · market cap 3.81%
Second Best
Healthcare Medical
$344.4K
$301.3K – $401.8K
NOI $24,106 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$422.8K
$369.9K – $493.2K
NOI $29,593 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CDA Technologies India ...
Corporate Office
CDA IT Solutions
Business Management Consultant
Talsico
Business Management Consultant
CDA
Professional Organizer
Similar Off Market Nearby
- KIND Veterinary Care Center — 1990 Washington Valley Rd STE 6, Martinsville, NJ 08836
- Martinsville Veterinary Hospital: Naulty Robin P DVM — 1983 Washington Valley Rd, Martinsville, NJ 08836
- Martinsville Veterinary Hospital — 1983 Washington Valley Rd, Martinsville, NJ 08836
FAQs
What type of property is this?
Medical Office Space - Medical office building on a nearly one-acre lot, offering multiple interior configurations and recent furnace and hot-water heater upgrades.
Where is this medical office space located?
The property is located at 2007 Washington Valley Rd Martinsville, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Medical office building (1619 SF) built in 1950 on a .99‑acre lot in Martinsville; Zoned for commercial/residential use in Martinsville, with C‑1 uses including doctor/dentist/general offices (ordinance copy available); Multiple interior configurations possible, with space set up for office or residential use
