Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27 Franklin St, Unit 301 Ramsey, NJ 07446

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Adaptable medical space in the heart of Ramsey, New Jersey.

    Property Features for 27 Franklin St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Christoulla Crawford
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS PROSPERITY Listing Agent: Christoulla Crawford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Space in Ramsey

    Located in the heart of Ramsey, New Jersey, the Valley Health Care building offers a 1400 square foot space suitable for a medical practice or professional office. Situated on the third level and accessible by elevator, this bright space is adaptable for a range of uses, including medical, accounting, cosmetology, or general office purposes. The layout includes a waiting area, a reception/office area with filing space, exam rooms, consultation rooms, a spacious bathroom, and a kitchenette area. The space meets many ADA requirements. Maintenance is included in the rent, while tenants are responsible for gas and electric.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1578574
    Latitude
    41.0485584

    Nearby Similar for Lease

    • $1,900 /Mo
      30,056 SF

      Renovated Office Space in Ramsey

      Newly renovated office space with parking and easy highway access.
      24 Grant St, Ramsey, NJ 07446
      View Details
    • $4,000 /Mo
      2,200 SF

      Ramsey Retail and Office Space

      Retail and office spaces available for lease in Ramsey, NJ.
      475-495 N Franklin Tpke, Ramsey, NJ 07446
      View Details
    • $725 /Mo

      Spacious Office with Ample Parking

      Bright office space suitable for professional business, with parking.
      47 S Franklin Tpke, Ramsey, NJ 07446
      View Details
    • $19 SF/Yr

      Ramsey Office/Medical Space Available

      Thriving Ramsey location, divisible units, ample parking, flexible lease.
      50 Franklin Tpke, Ramsey, NJ 07446
      View Details
    • $1,200 /Mo

      Upstairs Unit in Ramsey

      Cozy 1-room unit in Ramsey, includes utilities.
      56 Central Ave, Ramsey, NJ 07446
      View Details
    • $1,800 /Mo

      Efficient Ramsey Office Unit Rental

      Affordable, private office unit in Ramsey with included amenities.
      56 Central Ave, Ramsey, NJ 07446
      View Details
    • $1,900 /Mo

      Renovated Office Space with Parking

      Newly renovated office space with conference room and parking.
      24 Grant St, Ramsey, NJ 07446
      View Details
    • Contact for pricing
      7,500 SF

      Two-Story Building on Route 17

      Two-story retail building with frontage on Route 17 North.
      806 State Rt 17, Ramsey, NJ 07446
      View Details
    • Contact for pricing
      2,100 SF

      Three-Story Office Building For Rent

      Office building with 24-hour security, convenient location, and spectacular views.
      70 Hilltop Rd, Ramsey, NJ 07446
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Campus with Class A Office

      Industrial campus featuring Class A office and storage space for rent.
      170 Williams Dr, Ramsey, NJ 07446
      View Details
    • Contact for pricing

      Adaptable Medical Office Space

      Spacious medical/office space in Ramsey, accessible to major highways.
      27 Franklin St, Ramsey, NJ 07446
      View Details
    • Contact for pricing
      2,194 SF

      Retail Space in Interstate Shop

      Retail space available in a shopping center with national tenants.
      8-137 Interstate Shop Ctr, Ramsey, NJ
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Adaptable medical space in the heart of Ramsey, New Jersey.
    Where is this medical office space located?
    The property is located at 27 Franklin St, Unit 301 Ramsey, NJ.
    What are key features of this property?
    This property features: - Adaptable 1400 sqft medical/office space suitable for various professional uses.; - Prime location in the heart of Ramsey with easy access to major highways.; - Prestigious building suitable for medical practices or professional offices.
    (201) 337-6600
    Request Owner's contact information
    27 Franklin St, Unit 301 Ramsey, NJ 07446
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27 Franklin St, Unit 301
    Ramsey, NJ 07446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    27 Franklin St, Unit 301 Ramsey, NJ 07446
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christoulla Crawford
    (201) 337-6600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!