Second-Floor Office
For Sale
$290,000
52 Bridge Street, Metuchen, NJ 08840
COMMERCIAL - Metuchen, NJ
Property Size1,000 SF
Lot Size0.01 Acres
Price / SF$290
Days on Market18
Property Features for 52 Bridge Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
G1
Parking
200
Parking features
Assigned
Interior features
Refrigeration, Carpeting, Dropped Ceiling, Lighting Fixtures, Wall Covering
Appliances
Refrigeration
Lot features
Business District
Directions
Bridge Street, Make Turn Into Bridge Pointe Development, Building On The Left, To #52 On The 2nd FL.
Standard status
Active
APN
090012700000000102C0052
Size
1,000 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5804
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Spacious Conference Room
2 Offices
Waiting Area
Private Restroom
Kitchen Area
Building Details
Year built
1989
Floors in Building
2
Flooring type
Dropped ceiling, Wood, Lighting fixtures, Wall covering, Carpet, Tile
Building materials
Block, Brick, Stucco
Roof type
Asphalt
Listing Agency:
WEICHERT CO REALTORS
(908) 526-5444
Listed By:
Adam Chu
(908) 526-5444
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 7 at 8:06AM
MLS# 2701292R
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.
Second-floor office unit in great condition offering a spacious conference room, two offices, a waiting area, private restroom, and kitchen area. Interior features include carpeting, tile, wood flooring, dropped ceilings, and lighting fixtures, with refrigeration and wall coverings. The suite is served by forced-air heating and central air cooling. Assigned parking is available.
The property sits on a 0.0103-acre lot and totals 1,000 square feet. Construction includes block, brick, and stucco materials, with an asphalt roof. Public water and public sewer services are provided. Zoning is G1.
Convenient access is supported by proximity to major highways including I-287, the GSP, the NJ Turnpike, and Route 1. Edison and Metuchen train stations are also nearby.
The property sits on a 0.0103-acre lot and totals 1,000 square feet. Construction includes block, brick, and stucco materials, with an asphalt roof. Public water and public sewer services are provided. Zoning is G1.
Convenient access is supported by proximity to major highways including I-287, the GSP, the NJ Turnpike, and Route 1. Edison and Metuchen train stations are also nearby.
Key Highlights
- Second‑floor office unit with conference room, two offices, waiting area
- Private restroom and kitchen area within the suite
- 1,000 square feet on a 0.0103‑acre lot
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
$15,300
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
5.28%
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%
$306,000
$306.0K
Cap Rate 7%
$218,571
$218.6K
Cap Rate 9%
$170,000
$170.0K
Market Conditions
NOI Build-Up for 1,000 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
$30.0K $30.00/SF
− Vacancy
−$9.6K −$9.60/SF
EGI
$20.4K $20.40/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /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%
$306,000
Cap Rate 7%
$218,571
Cap Rate 9%
$170,000
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Explore this area
Business Placement
Demographics for 08840, NJ
17,841
Population
6,552
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,575
Density / Sq Mi
$150,938
Median Household Income
$72,765
Median Earnings
$1,994
Median Rent
$517,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office unit with a conference room, two offices, waiting area, private restroom, and kitchen area.
Where is this office units located?
The property is located at 52 Bridge Street Metuchen, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Second‑floor office unit with conference room, two offices, waiting area; Private restroom and kitchen area within the suite; 1,000 square feet on a 0.0103‑acre lot
