Medical Office Space with Treatment
For Sale
$250,000
404 32ND ST, Union City, NJ 07087
Configured for patient care with private rooms, reception, storage, and separate restrooms.
Property Size1,000 SF
Price / SF$250
Days on Market59
Property Features for 404 32ND ST
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Medical
Amenities
4 Private Examination/Treatment Rooms
Spacious Patient Waiting Area
Dedicated Front Desk/Reception Area
1 Patient Restroom
1 Staff Restroom
7 Built-In Closets/Cabinets
Building Details
Building Size
1,000 SF
Listing Agency:
EXIT ON THE HUDSON REALTY
Listed By:
REMONDA YACOUB
(201) 437-0411
Source:
Lenasimpson
Added: Aug 10
Changed: Sep 29
Last Checked: Oct 5 at 10:51PM
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 EXIT ON THE HUDSON REALTY
Investment Insights
Based on property information with market context.
This medical office space at 404 32ND ST is arranged for patient-facing operations, with four private examination or treatment rooms, each equipped with a sink. The layout also includes a patient waiting area, a dedicated reception station, built-in storage, and separate restrooms for patients and staff.
The property is located in Union City, NJ 07087. Its existing room configuration and administrative areas provide a defined framework for a medical practice or related healthcare office.
The property is located in Union City, NJ 07087. Its existing room configuration and administrative areas provide a defined framework for a medical practice or related healthcare office.
Key Highlights
- Four private examination or treatment rooms, each with a sink
- Patient waiting area and dedicated front desk/reception area
- Seven built‑in closets and cabinets for files, supplies, and office materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,300
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,000
$306.0K
Cap Rate 7%
$218,571
$218.6K
Cap Rate 9%
$170,000
$170.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.0K $30.00/SF
− Vacancy
−$9.6K −$9.60/SF
EGI
$20.4K $20.40/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $15.30/SF
Area
Hudson County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,000
Cap Rate 7%
$218,571
Cap Rate 9%
$170,000
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 6.12%
Second Best
Healthcare Medical
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 5.96%
Theoretical Best
Warehouse
$362.1K
$316.9K – $422.5K
NOI $25,348 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,503
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for patient care with private rooms, reception, storage, and separate restrooms.
Where is this medical office space located?
The property is located at 404 32ND ST Union City, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four private examination or treatment rooms, each with a sink; Patient waiting area and dedicated front desk/reception area; Seven built‑in closets and cabinets for files, supplies, and office materials
