Medical Office
46 Eagle Rock Ave East Hanover, NJ 07936
New
46 Eagle Rock Ave, East Hanover, NJ, 07936
$3,750,000
For Sale
$3,750,000
Medical office property for sale at 46 Eagle Rock Ave in East Hanover, New Jersey.
Property Size11,250 SF
Price / SF$333.33
Days on Market2
Property Features for 46 Eagle Rock Ave
General Information
- Standard status
- Active
- Size
- 11,250 SF
- Property subtype
- Single-Tenant Office Medical
Listing Agency
Marcus & Millichap | New Jersey
(201) 742-6100
Listed by
Jim McGuckin · License #License(s) NJ: 2082114
(201) 742-6100
Source
Marcusmillichap
Added: Jul 17 Checked: Jul 18 at 2:04 am
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 Marcus & Millichap | New Jersey
Investment Insights
Based on property information with market context.
This medical office building is offered for sale as a commercial property that supports office and medical use. The offering is listed at $3,750,000 and includes 11,250 square feet.
The property is located at 46 Eagle Rock Ave in East Hanover, New Jersey (07936).
While specific suite configuration and interior improvements are not detailed in the provided information, the asset is presented as office/medical real estate suitable for professional use in a suburban setting.
The property is located at 46 Eagle Rock Ave in East Hanover, New Jersey (07936).
While specific suite configuration and interior improvements are not detailed in the provided information, the asset is presented as office/medical real estate suitable for professional use in a suburban setting.
Key Highlights
- Medical office property for sale at 46 Eagle Rock Ave in East Hanover, NJ.
- 7.77% noted in the property remarks.
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 | $337.5k | $30.00 |
| − Vacancy | −$108.0k | −$9.60 |
| EGI | $229.5k | $20.40 |
| − OpEx | −$57.4k | −$5.10 |
| NOI | $172.1k | $15.30 |
11,250 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,125 @ 7.0% cap · market cap 4.59%
Second Best
Healthcare Medical
$2.39M
$2.09M – $2.79M
NOI $167,508 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,632 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael J. Richard, ...
Ophthalmologist
EyeCare 20/20
Eye Care Center
Nicholas Xanthos, OD
Physician
Eyecare 20-20: Eichler ...
Ophthalmologist
Cary Silverman, MD
Ophthalmologist
Similar Off Market Nearby
- Veterinary Center of Morris County — 33 Eagle Rock Ave, East Hanover, NJ 07936
- Grooming Shop at Veterinary Center of Morris County — 33 Eagle Rock Ave, East Hanover, NJ 07936
FAQs
What type of property is this?
Medical Office Space - Medical office property for sale at 46 Eagle Rock Ave in East Hanover, New Jersey.
Where is this medical office space located?
The property is located at 46 Eagle Rock Ave East Hanover, NJ.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Medical office property for sale at 46 Eagle Rock Ave in East Hanover, NJ.; 7.77% noted in the property remarks.
