Medical Office
22 Old Short Hills, Livingston, NJ 07039
For Sale
New
Contact for pricing
Configured with treatment, laboratory, administrative, and patient reception areas, the suite includes utilities and daily cleaning in its gross lease.
Property Size44,000 SF
Price / SF$2.96
Days on Market2
Property Features for 22 Old Short Hills
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Additional Details
Property Use
Amenities
handicapped accessible bathrooms
handicapped accessible entrance
Storage
Electric,Gas-Natural
2
1250
35.52
See Remarks
255x200
44000
Building Details
Building Size
Year Built
Listing Agency:
(551) 239-8040
Listed By:
Andrea Lew
Source:
Skyrealtyintl
Added: Nov 8
Last Checked: Nov 9 at 8:08AM
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 Andrea Lew
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Investment Insights
Based on property information with market context.
This 1,250-square-foot medical office suite offers three examination rooms, a laboratory, a private office with its own bathroom, and a second bathroom. Patient reception and administrative areas support the office layout, with both a public entrance and a separate physicians’ entrance. Utilities and daily cleaning are included under the gross lease.
The building provides elevators, an accessible entrance, and accessible bathrooms. Barnabas Medical Center is down the street, and Summit Medical Urgent Care Center is minutes away.
The building provides elevators, an accessible entrance, and accessible bathrooms. Barnabas Medical Center is down the street, and Summit Medical Urgent Care Center is minutes away.
Key Highlights
- 1,250‑square‑foot medical office suite
- Three examination rooms, a laboratory, and a private office with its own bathroom
- Separate public and physicians’ entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,612
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,240
$372.2K
Cap Rate 7%
$265,886
$265.9K
Cap Rate 9%
$206,800
$206.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$33.0K $26.40/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$31.0K $24.82/SF
− OpEx
−$12.4K −$9.93/SF
NOI
$18.6K $14.89/SF
Area
Essex 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%
$372,240
Cap Rate 7%
$265,886
Cap Rate 9%
$206,800
Alternative Uses
Best Use
Office B
$273.2K
$239.1K – $318.8K
NOI $19,125 @ 7.0% cap
Second Best
Healthcare Medical
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07039, NJ
31,325
Population
10,684
Households
2.9
Avg Household Size
43
Median Age
73%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
2,270
Density / Sq Mi
$218,416
Median Household Income
$111,109
Median Earnings
$2,953
Median Rent
$746,100
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Essex County, NJ
Properties on Market for Medical Office Space in Essex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with treatment, laboratory, administrative, and patient reception areas, the suite includes utilities and daily cleaning in its gross lease.
Where is this medical office space located?
The property is located at 22 Old Short Hills Livingston, NJ.
What are key features of this property?
This property features: 1,250‑square‑foot medical office suite; Three examination rooms, a laboratory, and a private office with its own bathroom; Separate public and physicians’ entrances
