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Property profile & analytics
OFF-MARKET
Medical Office Space

65 Mountain Blvd Warren, NJ 07059

644 SF
Property ID
US59-1263132
Property summary
AI-generated overview

This exceptional Class A medical office condo, located at 65 Mountain Blvd in Warren, New Jersey (07059), presents a unique investment opportunity. Boasting 644 square feet of well-designed space, this vacant unit is ready for immediate occupancy, starting August 1st, 2024. The layout includes four private offices, a reception area, a waiting room, and a powder room, providing ample space for a variety of medical practices. The property is part of the desirable Warren Medical Center, offering convenient access to ample parking (131 spots) and numerous nearby shopping and dining options. Low monthly maintenance fees of $400 and current annual property taxes of $2463 contribute to the affordability of this investment. The asking price is $189,000, translating to a price per square foot of $293.48. This single-unit condo offers the potential for owner-occupancy, generating "passive income" through self-use, or the opportunity to lease the space to generate cash flow. This is an ideal location for medical professionals seeking a well-appointed, conveniently located office space. The property is individually owned.

Property profile
Verified
Property type Medical Office Space
Total area 644 SF
UPID US59-1263132
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
  • Dr. Eric R. Yorke, MD Physician
  • Dr. Jack Needleman, MD Pediatrician Medical Clinic
  • Dr. Robyn D. Ferrante, MD Pediatrician Medical Clinic
  • Dr. Sharon L. Filler, MD Pediatrician Medical Clinic
  • Chryssoula Arsenis, MA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
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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