Medical Building Near Barnabas
767 Northfield Ave West Orange, NJ 07052
For Sale
$815,000
Pending
Two-story medical building near Cooperman Barnabas Medical Center.
Property Size2,461 SF
Lot Size0.14 Acres
Days on Market231
Property Features for 767 Northfield Ave
General Information
- Standard status
- Pending
- Size
- 2,461 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
BHHS JORDAN BARIS REALTY
(973) 994-1234
Listed By:
BRUCE H MARCUS
Source:
Corcoran
Added: Dec 5, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:56AM
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 BHHS JORDAN BARIS REALTY
Investment Insights
Based on property information with market context.
Located approximately 3/4 mile from Cooperman Barnabas Medical Center, this two-story medical building offers thoughtfully designed professional space. The building features an efficient layout suitable for medical and healthcare practitioners. Abundant natural light fills the space through generous windows, creating a bright and calming atmosphere. Each floor is intelligently arranged to support a wide range of medical services or office configurations, offering flexibility to tailor the space. The property is positioned in a prominent, vibrant, and easily accessible location and includes ample parking for patients and staff. Its proximity to Cooperman Barnabas Medical Center enhances its appeal for practitioners seeking convenience and connectivity within the medical community. The building contains 2,461 square feet.
Key Highlights
- Close proximity (3/4 mile) to Cooperman Barnabas Medical Center.
- Thoughtfully designed, functional layout ideal for medical/healthcare practices.
- Flexible space adaptable to various medical services or office configurations.
Financial Insights For Office B
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 | $73.8k | $30.00 |
| − Vacancy | −$23.6k | −$9.60 |
| EGI | $50.2k | $20.40 |
| − OpEx | −$12.6k | −$5.10 |
| NOI | $37.7k | $15.30 |
2,461 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$537.9K
$470.7K – $627.6K
NOI $37,653 @ 7.0% cap · market cap 4.62%
Second Best
Healthcare Medical
$523.5K
$458.0K – $610.7K
NOI $36,643 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$642.6K
$562.3K – $749.7K
NOI $44,983 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Sea Turtle Recovery — 560 Northfield Ave, West Orange, NJ 07052
FAQs
What type of property is this?
Medical Office Space - Two-story medical building near Cooperman Barnabas Medical Center.
Where is this medical office space located?
The property is located at 767 Northfield Ave West Orange, NJ.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Close proximity (3/4 mile) to Cooperman Barnabas Medical Center.; Thoughtfully designed, functional layout ideal for medical/healthcare practices.; Flexible space adaptable to various medical services or office configurations.
