1510 Hamburg Tpke Wayne, NJ 07470-4079
Property Lookup
Property profile & analytics
1510 Hamburg Tpke Wayne, NJ 07470-4079
- Commercial real estate
- 3,540 SF
- 0.29 lot acres
Property ID
US59-0142196
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Companion Veterinary Hospital of Wayne / Veterinary Clinic
Property Details for 1510 Hamburg Tpke
- Lot size
- 0.29 lot acres
- Property size
- 3,540 SF
- Property type
- Commercial real estate
- APN
- 14 03207-0000-00015
- APU
- 1403207000000015
Description
This fee-simple medical office building in Wayne, NJ, presents a compelling investment opportunity. The 3,540 square foot property is 100% occupied by Veterinary Innovative Partners under a 10-year absolute NNN lease (expiring 06/29/2031), providing significant remaining lease term of approximately 6.6 years. The lease includes a corporate guarantee and annual rent bumps of 2% during a 5-year option period. Located at 1510 Hamburg Tpke, Wayne, NJ 07470, this single-tenant property boasts a strong 7.50% cap rate and a Net Operating Income (NOI) of $74,880, with an asking price of $998,393 ($282.03/sq ft). Built in 2006 on a 0.3-acre lot, the property benefits from high traffic counts on Hamburg Turnpike and the resilience of the veterinary services market, projected for continued growth. The property's strong financials, coupled with the tenant's national presence and the long-term lease, make this an attractive investment with significant upside potential. The property is situated in a highly affluent demographic area, further enhancing its investment appeal. This is a rare opportunity to acquire a sub-$1M, high-performing medical office building with a stable, national tenant in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $750,000
- ML approach
- $730,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $735,000
- 6.5%
- $675,000
- 7%
- $630,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,088,000
Market price range: $413k - $2.15M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.2554
- Latitude
- 40.9657
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,682
$147,000
$218,800
$365,800
-
$147,000
$218,800
$365,800
