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    Property profile & analytics
    OFF-MARKET Estimated value $2,100,000
    Commercial real estate

    35 Grn Pond Rd, Rockaway, NJ 07866-2052

    20,304 SF 1 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US59-0363074
    Property summary
    AI-generated overview

    This exceptional 12,600 square foot office building, situated on a one-acre lot at 35 Green Pond Road in Rockaway, NJ, presents a unique investment opportunity. Ideally located near Route 80 and just 15 minutes from Morristown Medical Center, this property boasts excellent accessibility and visibility. Currently configured as two medical office suites, the building is "turn-key" and ready for immediate occupancy. Each suite features a thoughtfully designed layout including a welcoming foyer, a dedicated administration room, and nine private offices. Abundant parking is available for staff and clients. Furthermore, additional storage space is provided in a finished basement area. One of the suites is already subdivided and benefits from a convenient direct exterior entrance. A key feature of one suite is a lead-lined office, catering to specific medical needs. The owner is open to considering the subdivision of the remaining space, offering flexibility for potential buyers or tenants. This property represents a rare combination of prime location, functional design, and significant potential for future development. The asking price for this exceptional commercial property is $5,500.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Construction FRAME
    Total area 20,304 SF
    Lot 1 ac (43,647 SF)
    Zoning code R-P
    APN 35 22104-0000-00009
    UPID US59-0363074
    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
    • Dermatology Institute & Laser Center Physician Medical Clinic
    • Xin Guan Physician
    • Jose Espinal-Mariotte Physician
    • LapTopRepairNJ.com Computer & Electronic Repair
    • Clearview Construction LLC Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.10M
    CAP Approach CAP
    $2.30M
    Comparable Approach Comparable
    $2.44M
    Blend (final) Blend
    $2.10M
    Owner & transaction history
    Nan Associates LLC · 2 yrs held
    Nan Associates LLC
    since 2024
    Last sale
    $2.1M
    3 recorded transactions
    2024
    $2.1M
    2018
    1969
    Zoning & alternative use
    R-P · Rockaway, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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