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    35 Grn Pond Rd Rockaway, NJ 07866-2052

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    35 Grn Pond Rd Rockaway, NJ 07866-2052


    • Commercial real estate
    • 20,304 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Mar 26, 2024
    $2,100,000
    Property ID
    US59-0363074
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,100,000
    Show details
    Cap Rate Potential
    7.1%
    Commercial real estate
    Location Intelligence

    Current Use by 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

    Property Details for 35 Grn Pond Rd

    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    20,304 SF
    Zone code
    R-P
    Property type
    Commercial real estate
    APN
    35 22104-0000-00009
    APU
    3522104000000009

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,100,000
      ML approach
      $2,100,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,485,000
      6.5%
      $2,295,000
      7%
      $2,130,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,436,000
      Market price range: $2.23M - $6.28M
      AI Estimate
      $1,298,000
      Market price range: $1.10M - $3.39M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Rockaway
    County
    Morris
    State
    New Jersey
    Longitude
    -74.5005
    Latitude
    40.9154
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $41,957
    $511,000
    $1,144,800
    $1,655,800
    -
    $511,000
    $1,144,800
    $1,655,800
    More about this property
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