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    Edgewater Harbor Medical Space Title is generated by Realmo AI

    4 Main St, Edgewater, NJ 07020

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    5,246 SF medical space in premier waterfront development.

    Type:retail
    Property size:
    5,426 SF
    Added:
    May 8, 2026
    Days on Market:
    23
    Last Refresh:
    May 8 at 2:38 pm

    Property Features for 4 Main St

    General Information

    Standard status
    Active
    Size
    5,426 SF
    Property subtype
    retail

    Spaces For Lease

    at 4 Main St Contact us

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    Listing Contact
    Patrick.A Smith
    Patrick.A Smith

    Listing agent Patrick.A Smith License #10401232082

    Listing office JLL - Parsippany, New Jersey

    Listing date May 8, 2026

    Source Property.jll

    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 JLL - Parsippany, New Jersey

    HighLights

    • 5,246 SF fully built‑out medical space with private offices and exam rooms, ready for immediate occupancy.
    • Located in Edgewater's premier waterfront mixed‑use development on the Hudson River.
    • Just 5 miles from the George Washington Bridge, providing quick access to NYC, I‑95, I‑80, Routes 4 & 17.
    • High visibility location with a signalized entrance on River Road (27,017 VPD).
    • Part of a comprehensive healthcare destination with established medical tenants including Edgewater Eyecare and CarePoint, plus on‑site CVS Pharmacy.
    • Located within a development attracting 1.2 million annual visits, featuring 100,000 SF of retail space, 595 luxury residences, and an on‑site Marriott Courtyard hotel.

    Overview

    Located in Edgewater's premier mixed-use development, this 5,246 SF medical space features private offices and exam rooms. The property is situated in the Gold Coast’s premier waterfront development, attracting 1.2 million annual visits. The location is just five miles from the George Washington Bridge, offering connectivity to New York City, I-95, I-80, Routes 4 & 17. The mixed-use development includes 100,000 SF of retail space and 595 luxury residences. On-site amenities include a CVS Pharmacy and a Marriott Courtyard hotel, along with over 20 nearby shopping and dining options. The property benefits from a signalized entrance on River Road, with a traffic volume of 27,017 vehicles per day. Established medical tenants, including Edgewater Eyecare and CarePoint, are also located on-site, creating a comprehensive healthcare destination. The space is ready for immediate occupancy by medical professionals.
    Location Intelligence

    Current Use by Public Records

    TAW Media Group Advertising Agency Elizabeth A. Scheff, MD Physician Rasco's Restaurant Andrew De La ... Physician Institute for Minimally Invasive ... Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Bergenline Animal Hospital PA — 7706 Bergenline Ave, North Bergen, NJ 07047
    • Wisegarver Fred DVM — 7706 Bergenline Ave, North Bergen, NJ 07047
    • Boyle John DVM — 7706 Bergenline Ave, North Bergen, NJ 07047
    • Vets on the Hudson — 340 Old River Rd, Edgewater, NJ 07020

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9795
    Latitude
    40.8215

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    FAQs

    What type of property is this?
    Medical Office Space - 5,246 SF medical space in premier waterfront development.
    Where is this medical office space located?
    The property is located at 4 Main St Edgewater, NJ.
    What are key features of this property?
    This property features: 5,246 SF fully built‑out medical space with private offices and exam rooms, ready for immediate occupancy.; Located in Edgewater's premier waterfront mixed‑use development on the Hudson River.; Just 5 miles from the George Washington Bridge, providing quick access to NYC, I‑95, I‑80, Routes 4 & 17.
    (973) 829-4800
    We can help!
    Listing Contact
    Patrick.A Smith
    Patrick.A Smith
    Real Estate License ID: 10401232082
    Learn More
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    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.

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