Medical Building Near RWJ
465 Union Ave Bridgewater, NJ 08807
465 Union Ave, Bridgewater, NJ, 08807
$3,000,000
For Sale
$3,000,000
Medical building for sale near RWJ hospital with large parking.
Property Size16,000 SF
Lot Size2.50 Acres
Price / SF$187.50
Days on Market499
Property Features for 465 Union Ave
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 2.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing agency
RE/MAX ACHIEVERS
(908) 522-9444
Listed by
TONI ANN GONCALVES · License #16239
Source
Corcoran
Added: Mar 12, 2025 Updated: Jul 6 at 9:57AM Checked: Jul 22 at 8:22AM
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 RE/MAX ACHIEVERS
Investment Insights
Based on property information with market context.
This is a medical building for sale situated on over 2.5 acres. The property features a large parking lot. All units are currently rented. The building is located minutes from RWJ hospital.
Key Highlights
- Prime Location: Highly desirable area with high visibility and accessibility.
- Minutes to RWJ Hospital: Extremely convenient for medical professionals and patients.
- All Units Rented: Provides immediate rental income.
Local Financial Insights For Healthcare Medical
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 | $422.4k | $26.40 |
| − Vacancy | −$25.3k | −$1.58 |
| EGI | $397.1k | $24.82 |
| − OpEx | −$158.8k | −$9.93 |
| NOI | $238.2k | $14.89 |
16,000 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.40M
$2.98M – $3.97M
NOI $238,234 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.66M – $4.87M
NOI $292,454 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Melanie A Giordano
Physician
David A Widman
Physician
Brian Katz, MD
Physician
David M Epstein
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Medical building for sale near RWJ hospital with large parking.
Where is this medical center located?
The property is located at 465 Union Ave Bridgewater, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime Location: Highly desirable area with high visibility and accessibility.; Minutes to RWJ Hospital: Extremely convenient for medical professionals and patients.; All Units Rented: Provides immediate rental income.
