Four-Unit Medical Office
280 NEWTON SPARTA RD Unit 5-8 Newton, NJ 07860
280 NEWTON SPARTA RD Unit 5-8, Newton, NJ, 07860
$1,100,000
For Sale
$1,100,000
Four-unit office condo complex with flexible layouts, three leased units, and one available for owner occupancy.
Property Size6,267 SF
Lot Size2.36 Acres
Price / SF$175.52
Days on Market218
Property Features for 280 NEWTON SPARTA RD Unit 5-8
General Information
- Standard status
- Active
- Size
- 6,267 SF
- Lot size
- 2.36 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1989
Listing agency
WEICHERT REALTORS
(973) 670-6036
Listed by
DUFFY BRENNAN
(973) 670-6036
Source
Xome
Added: Dec 16, 2025 Updated: Jul 22 at 10:18AM Checked: Jul 22 at 10:18AM
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 WEICHERT REALTORS
Investment Insights
Based on property information with market context.
This four-unit office condo complex is well maintained and configured for medical or professional office use. The property comprises approximately 6,267 square feet across multiple units, with a flexible layout that can support a range of professional office requirements. Three of the units are currently leased, and one unit is available for owner occupancy or additional rental income.
The property is situated on 2.36 acres with easy access to major roadways including 15, 80, 206, 94, and 181. It is located on Newton Sparta Road and benefits from visibility along a heavily traveled corridor.
On-site parking totals 66 spaces. The property is described as zoned for Community Business Medical and professional offices.
The property is situated on 2.36 acres with easy access to major roadways including 15, 80, 206, 94, and 181. It is located on Newton Sparta Road and benefits from visibility along a heavily traveled corridor.
On-site parking totals 66 spaces. The property is described as zoned for Community Business Medical and professional offices.
Key Highlights
- Four‑unit office condo complex with flexible layouts and CB (Community Business) zoning
- 3 units currently leased; 1 unit available for owner occupancy or additional rental income
- Approximately 6,267 SF total building area on 2.36 acres
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 | $188.0k | $30.00 |
| − Vacancy | −$60.2k | −$9.60 |
| EGI | $127.8k | $20.40 |
| − OpEx | −$32.0k | −$5.10 |
| NOI | $95.9k | $15.30 |
6,267 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,885 @ 7.0% cap · market cap 8.72%
Second Best
Healthcare Medical
$1.33M
$1.17M – $1.56M
NOI $93,313 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,551 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Four-unit office condo complex with flexible layouts, three leased units, and one available for owner occupancy.
Where is this office building located?
The property is located at 280 NEWTON SPARTA RD Unit 5-8 Newton, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit office condo complex with flexible layouts and CB (Community Business) zoning; 3 units currently leased; 1 unit available for owner occupancy or additional rental income; Approximately 6,267 SF total building area on 2.36 acres
