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    The Largest CRE Database in the US with Over 1 Million Listings

    216 Stelton Rd Piscataway, NJ 08854

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Piscataway, NJ

    Property size:
    1,000 SF
    Days on Market:
    23
    Last Refresh:
    Feb 1 at 9:06 pm

    Property Features for 216 Stelton Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BPII
    APN
    170220600000005302C0052
    Parking
    20
    Parking features
    Paved or Surfaced, Unassigned
    Size
    1,000 SF

    Building Details

    Year built
    1987
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    SIMI KAPOOR

    RE/MAX Innovation (732) 259-3522

    Listing agent SIMI KAPOOR (732) 298-6006

    Listing date Jan 10, 2026

    MLS# 2609352R Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Space in Piscataway

    Located in Piscataway, Suite E2 at 216 Stelton Road offers a versatile commercial space suitable for various professional uses. The property includes over 1,000 square feet on the main level and a fully finished 1,000-square-foot lower level. The main floor features a reception area, five private offices with natural light, a half bath, a laundry area, and storage. The finished lower level provides six additional rooms, a half bath, a kitchenette, a utility area, and storage. The space has been renovated with new flooring, fresh paint, updated bathrooms, cabinetry, and a new HVAC system. The property offers street visibility, accessibility, and on-site parking. Situated along a commercial corridor, it provides access to I-287, Route 1, the New Jersey Turnpike, and the Garden State Parkway, and is near public transportation, the Dunellen Train Station, Rutgers University, shopping, and dining. Permitted uses include dental, medical, attorney, accountant, and real estate offices. This property is suitable for a start-up, satellite office, or growing business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Logistic Solutions Inc Corporate Campus Sapphire Pharma Pharmacy Consumers Title Agency ... Title Company COMM-Insure LLC Insurance Broker Schulman Wiegmann & Associates Court Reporter

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4571422
    Latitude
    40.5677113

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    FAQs

    What type of property is this?
    Office space - Renovated commercial space with flexible layout in a convenient location.
    Where is this office space located?
    The property is located at 216 Stelton Rd Piscataway, NJ.
    What is the asking price?
    The asking price for this property is $2,350.
    What are key features of this property?
    This property features: - Highly visible location on Stelton Road with excellent street exposure and easy access to major highways (I-287, Route 1, NJ Turnpike, GSP).; - Versatile space with 2,000 total square feet, including a 1,000 sq ft main level and a fully finished 1,000 sq ft lower level, suitable for various professional uses.; - **Completely renovated and move-in ready with new flooring, fresh paint, modernized bathrooms, updated cabinetry, and a new HVAC system.**
    (732) 259-3522
    Request Owner's contact information
    216 Stelton Rd Piscataway, NJ 08854
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    Piscataway, NJ 08854
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 Stelton Rd Piscataway, NJ 08854
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    We can help!
    Listing Contact
    SIMI KAPOOR
    (732) 259-3522
    Learn more
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