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281 Browertown Rd Woodland Park, NJ 07424

OFF-MARKET Office Spaces Google Maps
1,030 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 1,030-square-foot office condo in Woodland Park, New Jersey, presents a compelling investment opportunity with a 7.01% capitalization rate. Located at 281 Browertown Road, this end-corner unit boasts a prime location in a thriving community. Currently configured as a well-established dental office, this versatile space is ideal for a variety of professional or retail uses. The property offers ample on-site parking for convenience. The asking price is $599,000, with a net operating income (NOI) of $42,000. The property's pro-forma NOI and cap rate are also 7.01%. The space is available for occupancy on March 12, 2024. This thoughtfully designed space combines modern amenities with a comfortable atmosphere, catering to both business operations and client needs. The property's location and versatile design make it an attractive option for entrepreneurs and investors seeking a strong return on investment in a desirable New Jersey market. The price per square foot is $581.55. This exceptional opportunity is perfect for those seeking a well-established space in a vibrant community.

Property profile

Verified
Property type Office Spaces
Total area 1,030 SF

Cap rate & NOI

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

Value estimations

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Owner & transaction history

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
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