First-Floor Medical Office
For Sale
$200,001
700 N Broad St #103, Elizabeth, NJ 07208
A 1,272-square-foot suite in a professional building offers a practical setting for medical or general office operations.
Property Size1,272 SF
Price / SF$157.23
Days on Market163
Property Features for 700 N Broad St #103
General Information
Standard status
Active
Size
1,272 SF
Total Parking Spaces
80
Elevators
Yes
Property subtype
Commercial
Zoning
r4
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
1
Office Units
1
Amenities
common atrium waiting area
FiOS 2G high-speed internet
Building Details
Building Size
1,272 SF
Year Built
1978
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Yale Kent, LLC.
(908) 624-1222
Listed By:
Stephen Buch · License #300028
(973) 277-2623
Source:
Cammarotarealestate
Added: May 14
Changed: Oct 22
Last Checked: Oct 22 at 2:14PM
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 Yale Kent, LLC.
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Investment Insights
Based on property information with market context.
This 1,272-square-foot medical office condominium occupies the first floor of a shared professional building at 700 N Broad St. The suite is presented as move-in ready and can accommodate medical or other professional office use. The building dates to 1978 and includes an accessible elevator and a shared atrium waiting area.
Association dues include common-area maintenance, heat, water, sewer, and trash service. FiOS 2G internet is available, and the property has surface parking. Other on-site occupants include medical and wellness practitioners. The building is served by a local bus line and offers access to R 1 & 9, the New Jersey Turnpike, and the Garden State Parkway.
Association dues include common-area maintenance, heat, water, sewer, and trash service. FiOS 2G internet is available, and the property has surface parking. Other on-site occupants include medical and wellness practitioners. The building is served by a local bus line and offers access to R 1 & 9, the New Jersey Turnpike, and the Garden State Parkway.
Key Highlights
- 1,272 SF first‑floor medical office condominium
- Built in 1978
- Association dues cover CAM, heat, water, sewer, and trash removal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,732
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,640
$354.6K
Cap Rate 7%
$253,314
$253.3K
Cap Rate 9%
$197,022
$197.0K
Market Conditions
NOI Build-Up for 1,272 SF
Gross rent
$32.1K $25.20/SF
− Vacancy
−$2.5K −$1.97/SF
EGI
$29.6K $23.23/SF
− OpEx
−$11.8K −$9.29/SF
NOI
$17.7K $13.94/SF
Area
Elizabeth, NJ
Vacancy
7.80%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,640
Cap Rate 7%
$253,314
Cap Rate 9%
$197,022
Alternative Uses
Best Use
Office B
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 11.33%
Second Best
Healthcare Medical
$253.3K
$221.7K – $295.5K
NOI $17,732 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$471.1K
$412.3K – $549.7K
NOI $32,980 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07208, NJ
33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- VIP Animal Hospital — 444 N Broad St, Elizabeth, NJ 07208
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 1,272-square-foot suite in a professional building offers a practical setting for medical or general office operations.
Where is this medical office space located?
The property is located at 700 N Broad St #103 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $200,001.
What are key features of this property?
This property features: 1,272 SF first‑floor medical office condominium; Built in 1978; Association dues cover CAM, heat, water, sewer, and trash removal
