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520 Pleasant Valley Way 4,889 SF Office Building West Orange, NJ 07052 $1,100,000 ($224.99/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Great location, 4.5 miles from St Barnabus Medical Center, Elevator access from rear, 15 Parking spaces
EXECUTIVE SUMMARY
Great professional offices are currently occupied by a medical group that will continue leasing the whole building or just the larger suite and the owner can occupy the smaller suite. Could be owner/ user or tenant willing to stay duration of the lease (11/2026), so flexible opportunity! The building is 2 floors with the addition of a third floor, possibly subject to town approval. There are 4 exam rooms, 2 labs, 3 bathrooms, 3 doctors' offices, and a staff office/training room on the first floor. The basement has file storage, a billing department, and a small kitchen. Large private parking lot with 2-car garage for 2 extra spaces. Handicap accessibility via elevator from the rear of the building. Great Opportunity on a busy road with signage. Current taxes $34K currently under appeal.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Building Size
4,889 SF
Building Class
B
Year Built/Renovated
1949/2015
Price
$1,100,000
Price Per SF
$224.99
Cap Rate
5.20%
NOI
$57,200
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,445 SF
Building FAR
0.21
Lot Size
0.54 AC
Zoning
R-6 - Medical office with the possibility for residential mix used / office.
Parking
15 Spaces (3.07 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Basement
- Central Heating
- Drop Ceiling
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Women First Health Center
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Women First Health Center | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 22-00154-06-00009 | Total Assessment | $1,266,600 (2025) |
| Land Assessment | $944,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $322,400 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
22-00154-06-00009
Land Assessment
$944,200 (2025)
Improvements Assessment
$322,400 (2025)
Total Assessment
$1,266,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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520 Pleasant Valley Way
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