215 Old Tappan Rd, Old Tappan, NJ 07675-7000
- Commercial real estate
- 8,300 SF
- 1.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 215 Old Tappan Rd
- Construction
- BRICK
- Lot size
- 1.50 lot acres
- Property type
- Commercial real estate
- APN
- 43 01605-0000-00004
- APU
- 4301605000000004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 7, 2025 | $3,281,529 | 215 Old Tappan LLC | Nnd Capital LLC | Deed | $1.4M · Frt Partners LLC |
| Aug 16, 2022 | $3,000,000 | Nnd Capital LLC | 215 Old Tappan Medical LLC | Deed | $2.1M · United Nations FCU |
| May 25, 2022 | — | 215 Old Tappan Medical LLC | — | Deed · related | $200k · Lakeland Bank |
| Oct 28, 2016 | $2,125,000 | 215 Old Tappan Medical LLC | Caduceus Realty Co | Grant Deed | $1.6M · Highlands St Bk |
| Jul 17, 2012 | — | Caduceus Realty Co | Harold Lakin | Bargain And Sale Deed | — |
| — | — | Caduceus Realty Co | — | Deed Of Trust · related | $900k · Nve Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,370,000
- ML approach
- $3,265,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,430,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,725,000 Change: +12% Conversion: Moderate
- OFFICE BUILDING
- $2,005,000 Change: -17% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Old Tappan
- County
- Bergen
- State
- New Jersey
- Longitude
- -73.9822
- Latitude
- 41.0129
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
