Medical Office
For Sale
Contact for pricing
4-27 Mountain Blvd, Warren, NJ 07059
Seven private offices and an open area sit above a full basement, with the condo association handling exterior upkeep and select services.
Property Size1,500 SF
Price / SF$1.97
Days on Market17
Property Features for 4-27 Mountain Blvd
General Information
Standard status
Active
Size
1,500 SF
Taxes and HOA fees
Annual Taxes
$5,685
Listing Agency:
REALTY NETWORK
(908) 756-7373
Listed By:
ROBERT BERLANT
(908) 704-1235
Source:
Exprealty
Added: Oct 6
Changed: Oct 22
Last Checked: Oct 21 at 2:07AM
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 REALTY NETWORK
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured with seven offices and an open area, this medical office suite also includes a full, unfinished basement of 1,500 square feet. A staircase connects the basement to the main level. The layout was previously used as a medical office.
The condo association maintains the exterior and provides garbage service, water, insurance, landscaping, and snow removal.
The condo association maintains the exterior and provides garbage service, water, insurance, landscaping, and snow removal.
Key Highlights
- Seven offices plus an open area
- Full unfinished basement totaling 1,500 square feet, connected by an interior staircase
- Condo association covers exterior maintenance, garbage, water, insurance, landscaping, and snow removal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,334
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,680
$446.7K
Cap Rate 7%
$319,057
$319.1K
Cap Rate 9%
$248,156
$248.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.6K $26.40/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$37.2K $24.82/SF
− OpEx
−$14.9K −$9.93/SF
NOI
$22.3K $14.89/SF
Area
Somerset County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,680
Cap Rate 7%
$319,057
Cap Rate 9%
$248,156
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 777.97%
Second Best
Healthcare Medical
$319.1K
$279.2K – $372.2K
NOI $22,334 @ 7.0% cap · market cap 757.08%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 929.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07059, NJ
16,096
Population
5,924
Households
2.7
Avg Household Size
47
Median Age
68%
College-Educated
97%
High-School Grad
19.7 sq mi
ZIP Area
817
Density / Sq Mi
$201,579
Median Household Income
$88,318
Median Earnings
$2,099
Median Rent
$899,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Seven private offices and an open area sit above a full basement, with the condo association handling exterior upkeep and select services.
Where is this medical office space located?
The property is located at 4-27 Mountain Blvd Warren, NJ.
What are key features of this property?
This property features: Seven offices plus an open area; Full unfinished basement totaling 1,500 square feet, connected by an interior staircase; Condo association covers exterior maintenance, garbage, water, insurance, landscaping, and snow removal
