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    Madison, NJ
    Medical Premises

    Madison, NJ Medical Office Space for Sale

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    Chatham Township, NJ Chatham, NJ Florham Park, NJ Summit, NJ Morristown, NJ East Hanover, NJ Livingston, NJ Whippany, NJ
    Updated Medical Office End Unit
    Updated: Mar 24
    Updated Medical Office End Unit

    8 Shunpike, Madison, NJ 07940

    $300,000
    1,024 sqft 1.10 AC lot
    Updated in 2025 medical office space.
    Close proximity to Morristown Memorial & Overlook Hospitals.
    Includes reception area, 3‑4 exam rooms, private office, kitchenette, and bathroom.
    Monthly fee covers maintenance, utilities, and insurance.
    Convenient access to routes 24, 78, and 287.
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    This listing looks promising.

    Here's a quick look at some key insights for

    8 Shunpike, Madison, NJ 07940-2740

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    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $224K
      Suggested
    View Property Analytics
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical Office Condo with Exam Rooms
    Medical Office Condo with Exam Rooms

    261 James St, Morristown, NJ 07960

    Contact for pricing
    1,571 sqft

    First-floor medical office condominium offers waiting and reception areas, private offices, exam rooms, and private baths.

    View details
    First-Floor Private Office Suite
    First-Floor Private Office Suite

    10 FAIRMOUNT AVE Unit 1, Chatham, NJ 07928

    Contact for pricing
    288 sqft

    First-floor private office with a private waiting area within a four-office suite.

    View details
    Historic Mixed-Use Office & Apartments
    Historic Mixed-Use Office & Apartments

    331 Main St, Chatham, NJ 07928

    $1,499,000
    3,667 sqft

    Downtown mixed-use building with office space, two apartments, and 22 on-site parking spaces.

    View details
    Medical Office with Live-Work
    Medical Office with Live-Work

    Morristown, NJ 07960

    Contact for pricing

    First-floor medical suite includes three private exam/office rooms, reception/waiting, and an ADA-compliant bathroom.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    B-B Zoned Commercial Land
    B-B Zoned Commercial Land

    729 Mountain Blvd, Watchung, NJ 07069

    $449,000

    Commercial land in a B-B zoning district with all utilities available in the street and multiple professional/medical permitted uses.

    View details
    Commercial Land Parcel with Utilities
    Commercial Land Parcel with Utilities

    Somerville, NJ 08876

    $749,700

    6.70-acre parcel on Route 22 West, permitted for professional offices, medical offices, and child care, with public utilities.

    View details
    Commercial Land for Medical Use
    Commercial Land for Medical Use

    351 Doctors Way, Hillsborough, NJ 08844

    $2,500,000
    3.29 AC lot

    3.29-acre commercial land zoned for medical offices and other site-approved services.

    View details
    Commercial Development Land
    Commercial Development Land

    812-822 US Highway 206, Hillsborough, NJ 08844

    $2,995,000
    7.88 AC lot

    Three-lot commercial development site with 631 feet of frontage on US Highway 206 in Hillsborough’s HS zone.

    View details

    Off-Market Properties in Madison, NJ

    Consider similar Off-Market properties in Madison, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    8 Shunpike Rd
    MEDICAL BUILDING

    8 Shunpike Rd, Madison, NJ 07940-2740

    $1,375,000
    Estimated value
    9,398 sqft 1.10 AC lot
    View details
    300 Main St
    Medical Office Space

    300 Main St, Madison, NJ 07940

    Value Estimation by Request
    18,129 sqft
    View details

    Madison, NJ Medical Office Space Market Trends and Statistics

    Explore 3 medical office space for sale in Madison, NJ on our real estate platform. These investment opportunities span a total of 1,024 square feet of properties for sale, with an estimated market value of $300,000.

    Sale prices for medical spaces in Madison, NJ average $300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 3
    Office Units 3
    Medical Office Space 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +3.0%
    Median Household Income $168,520

    High-Yield Neighborhoods for Investment

    Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07940 $300K

    Taxes & Financing

    Tax Rate (average for all types) 2.09%
    Property Tax per SF $8.02 per SF
    Tax Rate vs County Average 0.43 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morris County

    New Delisted

    Total CRE Inventory on Market (SF)

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