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

    299 Northfield Rd Livingston, NJ 07039

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-maintained office building suitable for medical, dental, legal, or wellness.

    Property Features for 299 Northfield Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Randee Stolar
    Source: Corcoran

    Listing Agent: Randee Stolar

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

    Learn more

    Property Insight Report

    Overview

    Freestanding Office Building For Sale

    This freestanding office building is located in the heart of Livingston's commercial corridor. The property is currently home to a cosmetic medical practice that has expressed interest in extending their lease for 5+ years. The building is suitable for medical, dental, legal, wellness, and other professional uses. It features 3,150 square feet, a spacious reception area, and both the first and second floors each have 4 exam rooms and 3 private bathrooms. The semi-finished basement is ideal for storage, office use, or a break room. There are 23 on-site private parking spaces. The property is zoned for Professional/Commercial use. The building is near Cooperman Barnabas Medical Center. It offers functionality and long-term investment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paul M Figlia, ... Physician Verity Johnson, MD Physician Reflections Center for Cosmetic ... Spa & Massage Center Northfield Medical Plaza Medical Clinic Deborah Petrowsky Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Livingston
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3027503
    Latitude
    40.7712583

    Nearby Similar for Sale

    • Contact for pricing

      Retail Space in Livingston, NJ

      Retail space with basement, parking, and accessibility features for sale.
      20 Mount Pleasant Ave, Livingston, NJ 07039
      View Details
    • $825,000

      Main Street Commercial Building For Sale

      B-1 zoned commercial building with high foot traffic.
      495 S Livingston Ave, Livingston, NJ 07039
      View Details
    • $510,000
      16,000 SF

      Medical Condo in Prime Location

      Medical condo near RWJ Barnabas, ideal for healthcare professionals.
      340 E Northfield Rd, Livingston, NJ 07039
      View Details
    • Contact for pricing
      3,150 SF

      Freestanding Office Building For Sale

      Well-maintained 3,150 SF office building in Livingston's commercial corridor.
      299 E Northfield Rd, Livingston, NJ 07039
      View Details
    • $599,900

      Luxurious 55+ Gated Community

      Spacious Carlton unit in a full-service, 55+ community.
      1202 Pointe Gate Dr, Livingston, NJ 07039
      View Details
    • Contact for pricing

      Ranch Property for Sale

      Ranch and agricultural property available for purchase.
      6 Arrow Dr, Livingston, NJ 07039
      View Details
    • $2,540,000
      1.40 Acres

      Livingston Church - Prime Location

      Historic Church Complex, 1.4 Acres
      6 Mount Pleasant Ave, Livingston, NJ 07039
      View Details

    FAQs

    What type of property is this?
    Medical office - Well-maintained office building suitable for medical, dental, legal, or wellness.
    Where is this medical office located?
    The property is located at 299 Northfield Rd Livingston, NJ.
    What are key features of this property?
    This property features: - High-visibility location in Livingston's commercial corridor, near Cooperman Barnabas Medical Center.; - Turnkey, freestanding 3,150SF office building suitable for medical, dental, legal, wellness, and other professional uses.; - Current tenant (cosmetic medical practice) interested in extending their lease for 5+ years, offering immediate investment potential.
    Request Owner's contact information
    299 Northfield Rd Livingston, NJ 07039
    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.
    299 Northfield Rd
    Livingston, NJ 07039
    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
    299 Northfield Rd Livingston, NJ 07039
    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
    Randee Stolar
    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!