Building Details

Year Built 1980

Listing Agency: Juba Team Realty j***@gmail.com Show Phone

Listed By: JUSTIN JUBA

Source: Elliman

Added: Mar 11 Changed: Jul 6 Last Checked: Jul 30 at 12:12PM

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Investment Insights

Based on property information with market context.

This is a first-floor, entry-level office space set up for medical use. The building is professionally managed and maintained, and it offers ample common parking. The property has high visibility to the highway. This turnkey space is located in West Milford Twp., NJ.

Key Highlights

• Turnkey office space set up for medical use.
• 1st floor entry level.
• Ample common parking.

Property Analytics

Property Profile

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Plumbing Service Daycare Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 07435, NJ

2,188

Population

1,353

Households

1.6

Avg Household Size

49

Median Age

38%

College-Educated

100%

High-School Grad

12.6 sq mi

ZIP Area

174

Density / Sq Mi

$143,191

Median Household Income

$59,881

Median Earnings

$2,091

Median Rent

$465,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Entry-level medical office space with ample parking and high visibility.

Where is this medical office space located?

The property is located at 7 Oak Ridge Rd UNIT 1 & 4 Newfoundland, NJ.

What is the lease rate?

The lease rate is $1,500 /Mo.

What are key features of this property?

This property features: Turnkey office space set up for medical use.; 1st floor entry level.; Ample common parking.