1030 park Avenue Plainfield, NJ 07060
1030 park Avenue, Plainfield, NJ, 07060
Contact for pricing
For Sale
Contact for pricing
Medical Office Space
Property Size1,200 SF
Price / SF$270.83
Days on Market900
Property Features for 1030 park Avenue
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Office
Listing Agency
VRI HOMES
(800) 531-2885
Listed by
STEVEN CAPUTI · License #9033268
Source
Crexi
Added: Jan 29, 2024 Checked: Jul 16 at 8:38 am
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 VRI HOMES
Investment Insights
Based on property information with market context.
Key Highlights
- Turn‑key dentist office ready for immediate operation.
- Includes 1200 sq ft of the building (Units 7A and 7B).
- Equipped with 3 dentist chairs in private offices.
Local 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 | $36.0k | $30.00 |
| − Vacancy | −$11.5k | −$9.60 |
| EGI | $24.5k | $20.40 |
| − OpEx | −$6.1k | −$5.10 |
| NOI | $18.4k | $15.30 |
1,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$262.3K
$229.5K – $306.0K
NOI $18,360 @ 7.0% cap · market cap 5.65%
Second Best
Healthcare Medical
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 6.75%
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 For Sale Nearby
FAQs
Where is this medical office space located?
The property is located at 1030 park Avenue Plainfield, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Turn‑key dentist office ready for immediate operation.; Includes 1200 sq ft of the building (Units 7A and 7B).; Equipped with 3 dentist chairs in private offices.
