Medical Office
For Sale
Contact for pricing
25 Morris Ave, Springfield, NJ 07081
Doctor/medical office building with commercial zoning, built in 1985, near 26,695 vehicles per day traffic count.
Property Size5,200 SF
Lot Size0.20 Acres
Price / SF$230.77
Days on Market14
Property Features for 25 Morris Ave
General Information
Standard status
Active
Size
5,200 SF
Lot size
0.20 Acres
Property subtype
OFFICE
Zoning
Commercial
Additional Details
Traffic Count
26,695 vehicles/day
Building Details
Year Built
1985
Listing Agency:
The Blau & Berg Company
(917) 488-6846
Listed By:
Tamara J. Blau · License #1540828
(917) 488-6846
Source:
Moodyscre
Added: Jul 23
Changed: Jul 26
Last Checked: Aug 5 at 7:04AM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This medical office building is currently set up for a doctor/medical office use and includes approximately 5,200 square feet of property size within a total building size of about 5,200 SF. The property was built in 1985 and sits on an approximately 0.2-acre lot.
Commercial zoning applies, and the recorded traffic count is 26,695.
The site dimensions are listed as 91’ x 97’ (Block 904, Lot 28).
Commercial zoning applies, and the recorded traffic count is 26,695.
The site dimensions are listed as 91’ x 97’ (Block 904, Lot 28).
Key Highlights
- Doctor/medical office building totaling ±5,200 SF
- Built in 1985 and currently used as a doctor/medical office
- Zoned commercial (Block 904, Lot 28)
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 | $156.0k | $30.00 |
| − Vacancy | −$49.9k | −$9.60 |
| EGI | $106.1k | $20.40 |
| − OpEx | −$26.5k | −$5.10 |
| NOI | $79.6k | $15.30 |
5,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$994.5K – $1.33M
NOI $79,560 @ 7.0% cap · market cap 6.63%
Second Best
Healthcare Medical
$1.11M
$967.8K – $1.29M
NOI $77,426 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,048 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
26,695 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07081, NJ
17,200
Population
6,844
Households
2.5
Avg Household Size
43
Median Age
64%
College-Educated
95%
High-School Grad
5.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$146,059
Median Household Income
$70,781
Median Earnings
$2,135
Median Rent
$590,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Doctor/medical office building with commercial zoning, built in 1985, near 26,695 vehicles per day traffic count.
Where is this medical office space located?
The property is located at 25 Morris Ave Springfield, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Doctor/medical office building totaling ±5,200 SF; Built in 1985 and currently used as a doctor/medical office; Zoned commercial (Block 904, Lot 28)
