Prime Medical Park Corner
502 Hamburg Turnpike #201-203A, Wayne, NJ 07470
Three versatile office units in a desirable medical park.
Type:Office
Property size:
3,440 SFPrice / SF:
$232/SF- Added:
- Feb 7, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 502 Hamburg Turnpike #201-203A
General Information
- Standard status
- Active
- Size
- 3,440 SF
- Property subtype
- Office
Listing agent Linda Takach License #NJ-8544991
Listing office Terrie O'Connor Realtors
Listing date Feb 7, 2026
Source Crexi
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 Terrie O'Connor Realtors
HighLights
- Prime medical park location with excellent exposure and convenient access to transportation, eateries, shops, major routes, and hospitals.
- Three separate, versatile corner office suites (Units 201‑203) offering flexibility for owner occupancy, business expansion, or investment.
- Suites 202‑203 are currently leased to a chiropractor generating $38,196 annual rental income with a lease and option for renewal.
- Suite 201 is a turn‑key sale, beautifully decorated, fully furnished, and available for immediate possession.
- Each suite features its own entrance and private bath, with Suite 201 including a reception lounge, conference room, bar, collaborative workstation, generously sized offices, and a state‑of‑the‑art kitchen.
- Opportunity to network with various professionals in a highly desirable office complex with ample parking.
Overview
Three separate, versatile, consecutive corner offices are available in a prime medical park. The units, numbered 201-203, offer an excellent opportunity for buyers to occupy the space, expand their business, or for investors seeking rental income. The suites are spacious and bright, featuring high ceilings and walls of glass that create an open-concept feel. Suite 201 is a turn-key sale, beautifully decorated, and includes all furnishings. It offers a reception lounge, a conference room with seating for 10, a bar and fridge, a collaborative workstation, generously sized offices, and a state-of-the-art kitchen equipped with a refrigerator and microwave. Each suite has its own entrance and private bath. Suite 201 is now vacant and available for immediate possession. Suites 202-203 are currently leased to a chiropractor at $3,183 per month ($38,196 annually) with a 2-year lease and an option for 2 more years. Each suite is 1,100 square feet, totaling 3,440 square feet for all three units. Wayne Commons is a professional office complex in an ideal location with access to transportation, eateries, and shops. It is near major routes, St. Joseph and Wayne Hospitals, and approximately 20 miles from NYC. The complex offers networking opportunities with law, medical, and dental practices. Ample parking is available.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$584.8K
NOI $52,632 @ 9.00% cap · cautious / downside scenario
Moderate
$751.9K
NOI $52,632 @ 7.00% cap · market / base-case scenario
Aggressive
$1.05M
NOI $52,632 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.2k | $30.00 |
| − Vacancy | −$33.0k | −$9.60 |
| EGI | $70.2k | $20.40 |
| − OpEx | −$17.5k | −$5.10 |
| NOI | $52.6k | $15.30 |
3,440 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$751.9K
$657.9K – $877.2K
NOI $52,632 @ 7.0% cap · market cap 6.59%
Second Best
Healthcare Medical
$731.7K
$640.3K – $853.7K
NOI $51,220 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$898.3K
$786.0K – $1.05M
NOI $62,878 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dr. Anuradha R ...
Physician
Palumbo & Mastrogiovanni, LLC
Tax Preparation
Nicholas Carofilis
Alternative Medicine Practice
Dynamic Financial Consultants ...
Consultant
KRUSE LAW LLC
Law Firm
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.2125908
- Latitude
- 40.9535348
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Three versatile office units in a desirable medical park.
Where is this office units located?
The property is located at 502 Hamburg Turnpike #201-203A Wayne, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime medical park location with excellent exposure and convenient access to transportation, eateries, shops, major routes, and hospitals.; Three separate, versatile corner office suites (Units 201‑203) offering flexibility for owner occupancy, business expansion, or investment.; Suites 202‑203 are currently leased to a chiropractor generating $38,196 annual rental income with a lease and option for renewal.
