Add Listing
    For Sale
    • 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

    271 Route 46, Unit E101 Fairfield, NJ 07004

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $245,000

    Professional office space with equipment included, easy highway access.

    Property Features for 271 Route 46

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Arlene Pospisil
    Source: Corcoran

    Listing Agency: COLDWELL BANKER, ALPINE/CLOSTER Listing Agent: Arlene Pospisil

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

    Learn more

    Overview

    Equipped Office in Fairfield Commons

    Located in Fairfield Commons, this commercial office park offers an opportunity to establish a professional practice or own property in the community. The property provides convenient access to Routes 80, 280, 23, and 287. Unit E101 has been previously used as a dental office and remains equipped for such use. The existing equipment is included in the sales price and may be maintained.
    Location Intelligence

    Current Use by Public Records

    Northern Advisory Group Financial Advisor Digital Movers, LLC Business To Business Service Michael A. Malia, Attorney ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3043
    Latitude
    40.8825

    Nearby Similar for Sale

    • $2,500,000
      1.40 Acres

      Turnkey Restaurant with Liquor License

      Successful 130-seat restaurant with liquor license for sale.
      292 Passaic Ave, Fairfield, NJ 07004
      View Details
    • $1,450,000
      4,584 SF

      Prime Fairfield Commercial Investment Opportunity

      Shopping strip with five units, high visibility, and immediate returns.
      24 Little Falls Rd, Fairfield, NJ 07004
      View Details
    • $1,600,000
      1,562 SF

      Fairfield Mixed-Use Investment Opportunity

      Two properties with redevelopment potential in Fairfield, New Jersey.
      584 Route 46 EAST, Fairfield, NJ 07004
      View Details
    • $899,000

      Two-Story Office Building For Sale

      Two-story office building with renovated space and full basement.
      230 Passaic Ave, Fairfield, NJ 07004
      View Details
    • Contact for pricing

      Versatile Flex Building on Highway

      Class B flex property with office, industrial, and distribution capabilities.
      60 E Us Highway 46, Fairfield, NJ 07004
      View Details
    • Contact for pricing

      Versatile Flex Building on Highway

      Class B flex property with office, industrial, and distribution capabilities.
      60 E Us Highway 46, Fairfield, NJ 07004
      View Details
    • Contact for pricing
      39,304 SF

      Versatile Flex Building on Highway 46

      Class B flex property with office, industrial, and distribution capabilities.
      60 E Us Highway 46, Fairfield, NJ 07004
      View Details
    • $398,580

      Subdividable Office Condo with Parking

      7,300 SF office condo with parking, ideal for professional use.
      310 Passaic Ave B, Fairfield, NJ 07004
      View Details
    • New
      $1,100,000

      Highway Development Opportunity

      Renovated office building with highway frontage and development potential.
      588 Us Highway 46, Fairfield, NJ 07004
      View Details
    • $266,240

      Spacious Office Condo with Parking

      7,300 SF office condo with parking near major highways.
      310 Passaic Ave B, Fairfield, NJ 07004
      View Details
    • $285,350

      Fairfield Office Condo with Parking

      7300 SF office condo with parking near major highways.
      310 Passaic Ave B, Fairfield, NJ 07004
      View Details
    • $1,600,000

      Highway Frontage Investment Opportunity

      Two properties with highway frontage, ideal for redevelopment or investment.
      584-588 Fairfield Ave, Fairfield, NJ 07004
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professional office space with equipment included, easy highway access.
    Where is this medical office space located?
    The property is located at 271 Route 46, Unit E101 Fairfield, NJ.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Equipped for a Dental Practice: equipment included in the sales price.; - Prominent Commercial/Office Park location.; - Opportunity to establish a Professional Practice or own in Fairfield Commons.
    (201) 767-0550
    Request Owner's contact information
    271 Route 46, Unit E101 Fairfield, NJ 07004
    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.
    271 Route 46, Unit E101
    Fairfield, NJ 07004
    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
    271 Route 46, Unit E101 Fairfield, NJ 07004
    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
    Arlene Pospisil
    (201) 767-0550 (201) 722-9100 (201) 523-0788
    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!