15-17 E Railroad Avenue, Middlesex, NJ 08846
COMMERCIAL - Middlesex, NJ
- Added:
- Aug 4, 2025
- Days on Market:
- 328
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 15-17 E Railroad Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 41
- Parking features
- Open
- Standard status
- Active
- APN
- 08-00028-0000-00002
- Size
- 14,730 SF
- Lot size
- 5.40 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 47156
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 3
- Flooring type
- Wood, Vinyl
- Roof type
- Shingle
Listing agent John H Burke License #1221032 (732) 658-6800
Listing office Century 21 Burke Realty 1882 Route 1, North Brunswick, NJ (732) 658-6800
Listing date Aug 4, 2025
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Custom‑built 2020 modern wellness center totaling 14,000 SF across three levels
- 6‑acre property with 43 parking spaces and open parking layout
- ADA‑compliant building with 18 treatment rooms plus a rehab gym and elevator
- Includes digital X‑ray and smart tech throughout
- Basement level offers a gym, Pilates room, and large workout room for classes and seminars
- Served by public water and public sewer; shingle roof and forced‑air heating
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $388.9k | $26.40 |
| − Vacancy | −$23.3k | −$1.58 |
| EGI | $365.5k | $24.82 |
| − OpEx | −$146.2k | −$9.93 |
| NOI | $219.3k | $14.89 |
Alternative Uses
Current Use by Public Records
Map
- City
- Middlesex
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.434284
- Latitude
- 40.34919