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Property profile & analytics
FOR SALE
Medical Office Space

25 E Willow St A Millburn, NJ 07041

8,300 SF Built 1963
Property ID
US59-Q006954
Property summary
AI-generated overview

This exceptional property is 1 of a 2 unit semi-detached commercial condominium building. The building is comprised of Unit A and Unit B and sits on a 1.5 acre level lot. Unit A is for sale and has approximately 8,000 sq. ft. of building space and 0.7 acres of the lot attributed to it. Private parking lot with over 75 parking spaces. Property includes several professional doctor offices, patient exam rooms, nurses stations, large customer waiting room, reception area, 7 separate lavatories and other medical accoutrements. Upgrades in recent years include new roof, new HVAC, custom Pella windows and LED lighting. Newly renovated shared common entrance area. High ceilings throughout. Easy access from Routes, 24, 22, Interstate 78, and Garden State Parkway. Located midway between Overlook Medical Center in Summit and Cooperman Barnabas Medical Center in Livingston. Tax records show this unit as 23-A E willow St. - Mailing address is 25 E Willow St.

Property profile
Verified
Property type Medical Office Space
Year built 1963
Total area 8,300 SF
UPID US59-Q006954
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carrie Knowlton Physician
  • Associates In Primary Care Medical Clinic
  • Labcorp Paternity Testing Service Medical Laboratory
  • Dr. Matthew I. Lipp, MD Physician
  • Anthony Lawrence Cuppari Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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