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35 Grn Pond Rd Rockaway, NJ 07866-2052

OFF-MARKET Commercial real estate Google Maps
20,304 SF 1 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.10M
Range $1.89M – $2.31M (±10%)
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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician
  • Physician
  • Computer & Electronic Repair
  • 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

since 2024
Last sale
$2.1M
3 recorded transactions
2024
$2.1M
2018
Price N/A
1969
Price N/A

Zoning & alternative use

R-P · Rockaway, NJ

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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