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Property profile

215 Old Tappan Rd Old Tappan, NJ 07675

Commercial real estate
Property ID
US59-1349075
View Sample
8,300 SF 1.5 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, 10,650 square foot medical office building situated in Old Tappan, New Jersey. Located at 215 Old Tappan Road, this single-story, 2017-renovated building boasts six tenants and offers a stabilized investment profile as a fully leased property. The property sits on one acre of land and is zoned B1. The building features convenient amenities including an elevator and basement storage accessible via both elevator and an exterior scissor lift. Ample parking is available, enhancing the property's appeal. Its prime location across from a major shopping center and near 225 new residential units ensures high visibility and strong tenant demand. The building is professionally managed and maintained, minimizing operational concerns for the investor. While currently fully leased, one unit could potentially be made available for a user. This presents a rare opportunity to acquire a high-quality, well-maintained medical office building in a desirable Bergen County location. The property's strong tenant base, excellent location, and recent renovations make it an attractive investment for those seeking a stable, high-performing asset. The building's features and location combine to create a compelling investment opportunity with significant potential for long-term growth and return.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 8,300 SF
Lot 1.5 ac (65,340 SF)
APN 43 01605-0000-00004
UPID US59-1349075

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.37M

Owner & transaction history

since 2025
Last sale
$3.3M
6 recorded transactions
2025
$3.3M
2022
$3.0M
2022
Price N/A
2016
$2.1M
2012
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $2.7M +12.2%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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