Medical Office with Exam
New
For Sale
$165,000
75 Bloomfield Ave, Denville, NJ 07834
Existing layout includes clinical rooms, private workspace, and a dedicated reception area.
Property Size950 SF
Days on Market4
Property Features for 75 Bloomfield Ave
General Information
Standard status
Active
Size
950 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,647
Building Details
Building Size
950 SF
Year Built
1978
Stories
3
Units
1
Listing Agency:
COLDWELL BANKER REALTY
(973) 865-3456
Listed By:
JOHN NEGRI · License #NJ 1004002
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 23 at 4:59AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This medical office property includes three exam rooms, a private office, and a receptionist area. The existing configuration supports a clinical office layout and is currently used for medical purposes.
Built in 1978, the property is located at 75 Bloomfield Ave in Denville Township, New Jersey. Walk Score is 74, categorized as Very Walkable, while BikeScore is 47, categorized as Somewhat Bikeable.
Built in 1978, the property is located at 75 Bloomfield Ave in Denville Township, New Jersey. Walk Score is 74, categorized as Very Walkable, while BikeScore is 47, categorized as Somewhat Bikeable.
Key Highlights
- Three exam rooms within the existing medical office layout
- Private office and receptionist area
- Currently used as a medical office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,700
$290.7K
Cap Rate 7%
$207,643
$207.6K
Cap Rate 9%
$161,500
$161.5K
Market Conditions
NOI Build-Up for 950 SF
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.
Gross rent
$28.5K $30.00/SF
− Vacancy
−$9.1K −$9.60/SF
EGI
$19.4K $20.40/SF
− OpEx
−$4.8K −$5.10/SF
NOI
$14.5K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,700
Cap Rate 7%
$207,643
Cap Rate 9%
$161,500
Alternative Uses
Best Use
Office B
$207.6K
$181.7K – $242.3K
NOI $14,535 @ 7.0% cap · market cap 8.81%
Second Best
Healthcare Medical
$202.1K
$176.8K – $235.8K
NOI $14,145 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$248.1K
$217.1K – $289.4K
NOI $17,364 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07834, NJ
17,966
Population
7,122
Households
2.5
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
11.6 sq mi
ZIP Area
1,549
Density / Sq Mi
$162,644
Median Household Income
$76,968
Median Earnings
$1,707
Median Rent
$552,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing layout includes clinical rooms, private workspace, and a dedicated reception area.
Where is this medical office space located?
The property is located at 75 Bloomfield Ave Denville, NJ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Three exam rooms within the existing medical office layout; Private office and receptionist area; Currently used as a medical office
