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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    123 Highland Ave, Glen Ridge, NJ 07028

    22,140 SF 1.14 ac lot Built 1980
    Entity Owned 18-yr Hold ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Niveen Bebawy Physician
    • Dr. Marius Calin M.D. F.A.C.S. F.A.S.M.B.S. Physician
    • Commercial & House Cleaning Glen Ridge Commercial Cleaning Service
    • Dr. Marius Calin M.D. F.A.C.S. Physician
    • Lung Diagnostics Inc 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
    Ko & Ko Investments LLC · 18 yrs held
    Ko & Ko Investments LLC
    since 2007
    1 recorded transaction
    2007
    Zoning & alternative use
    B · Glen Ridge, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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