Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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