You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

123 Highland Ave Glen Ridge, NJ 07028-1527

OFF-MARKET Commercial real estate Google Maps
22,140 SF 1.14 ac lot Built 1980
Entity Owned 18-yr Hold ~ Est. High Equity
Estimated value (blended)
$5.44M
Range $4.90M – $5.98M (±10%)
Property ID US59-0116079

Property summary

AI-generated overview

This exceptional four-story medical office building, located at 123 Highland Avenue in Glen Ridge, New Jersey, offers a variety of suite sizes perfect for medical professionals. The building totals 22,140 square feet and features convenient elevator access. Currently, there is 5,768 square feet of vacant space available, with suites ranging from a minimum of 1,442 square feet to a maximum contiguous space of 2,395 square feet. The building's prime location in Essex County, with easy access to major transportation routes, makes it an ideal location for a thriving medical practice. The multiple tenancy structure provides a diverse and collaborative environment. The building's modern design and amenities cater to the needs of today's medical professionals, ensuring a comfortable and efficient workspace. This is a rare opportunity to secure high-quality medical office space in a desirable location. The available suites are ready for immediate occupancy, allowing for a quick and seamless transition for your practice. Contact us today to schedule a viewing and explore the possibilities. The zip code is 07028.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 22,140 SF
Lot 1.14 ac (49,645 SF)
Zoning code B
APN 08 00096-0000-00020
UPID US59-0116079

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Commercial Cleaning Service
  • Physician
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.70M
Comparable Approach Comparable
$5.48M
Blend (final) Blend
$5.44M

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

B · Glen Ridge, NJ
Zoning description

The purpose of this zone is to promote professional and office, nursing homes, public and private schools, municipal buildings and libraries.

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 123 Highland Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message