Turnkey Office Suite with
For Sale
$359,999
2 State Route 27 Highway, Edison, NJ 08820
COMMERCIAL - Edison, NJ
Property Size873 SF
Price / SF$412.37
Days on Market56
Property Features for 2 State Route 27 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EI
Parking
5
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Directions
Use GPS - Back of building entry
Standard status
Active
APN
0500643310001728C0402
Size
873 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5977
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Forced Air, Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
5
Flooring type
Elevator, Carpet, Wood
Building materials
Stucco
Roof type
Flat
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
John Terebey
(866) 201-6210
Added: Jun 15
Changed: Aug 4
Last Checked: Aug 9 at 3:06PM
MLS# 2617610R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turnkey professional office or medical suite totaling 873 square feet is available in the five-story Levinson Plaza. The fully built-out space includes three private offices, a reception area, and a kitchenette, arranged for a functional, move-in-ready layout.
The suite is located just off Route 27 in Edison, New Jersey. It is adjacent to JFK Medical Center and near NJ Transit’s Metropark Station, with major highway access including Route 287, Route 1, the Garden State Parkway, and the New Jersey Turnpike. Ample on-site parking is available. The building includes an elevator and accessibility features for elevator access.
Additional building and unit details include a flat roof, public water, and public sewer service. Heating is provided via baseboard, radiant, and forced air systems, with central air cooling. The property was built in 1985 and is zoned EI.
The suite is located just off Route 27 in Edison, New Jersey. It is adjacent to JFK Medical Center and near NJ Transit’s Metropark Station, with major highway access including Route 287, Route 1, the Garden State Parkway, and the New Jersey Turnpike. Ample on-site parking is available. The building includes an elevator and accessibility features for elevator access.
Additional building and unit details include a flat roof, public water, and public sewer service. Heating is provided via baseboard, radiant, and forced air systems, with central air cooling. The property was built in 1985 and is zoned EI.
Key Highlights
- 873‑square‑foot turnkey office or medical suite in the five‑story Levinson Plaza
- Three private offices plus a reception area and kitchenette
- Located just off Route 27 in Edison, NJ, adjacent to JFK Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,260
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,200
$285.2K
Cap Rate 7%
$203,714
$203.7K
Cap Rate 9%
$158,444
$158.4K
Market Conditions
NOI Build-Up for 873 SF
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.
Gross rent
$23.0K $26.40/SF
− Vacancy
−$4.0K −$4.62/SF
EGI
$19.0K $21.78/SF
− OpEx
−$4.8K −$5.44/SF
NOI
$14.3K $16.33/SF
Area
Edison, NJ
Vacancy
17.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,200
Cap Rate 7%
$203,714
Cap Rate 9%
$158,444
Alternative Uses
Best Use
Office B
$203.7K
$178.3K – $237.7K
NOI $14,260 @ 7.0% cap · market cap 3.96%
Second Best
Healthcare Medical
$175.4K
$153.5K – $204.6K
NOI $12,276 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$282.9K
$247.6K – $330.1K
NOI $19,806 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 08820, NJ
41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey, fully built-out office suite with three private offices, reception, and kitchenette, within five-story Levinson Plaza.
Where is this office units located?
The property is located at 2 State Route 27 Highway Edison, NJ.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 873‑square‑foot turnkey office or medical suite in the five‑story Levinson Plaza; Three private offices plus a reception area and kitchenette; Located just off Route 27 in Edison, NJ, adjacent to JFK Medical Center
