Medical/Professional Office Space
622 Georges Road, North Brunswick, NJ 08902
COMMERCIAL - North Brunswick, NJ
Property size:
1,601 SFLot size:
7.87 AcresPrice / SF:
$199/SF- Added:
- Sep 11, 2024
- Days on Market:
- 614
- Last Refresh:
- May 17 at 5:06 pm
Property Features for 622 Georges Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Parking
- 80
- Standard status
- Active Under Contract
- APN
- 1400203000000012102
- Size
- 1,601 SF
- Lot size
- 7.87 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 12525
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 3
- Flooring type
- Tile, Carpet
- Building materials
- Block, Brick
- Roof type
- Asphalt
Listing agent Brian Walsh (732) 254-6700
Listing office DAVIS REALTORS 288 SUMMERHILL ROAD, East Brunswick, NJ (732) 254-6700
Listing date Sep 11, 2024
MLS# 2503595R
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.
HighLights
- Prime location with quick access to Routes 1, 130, 18, and NJTP Exit 9.
- Ideal for medical, dental, or professional office use.
- Close proximity to downtown New Brunswick, RWJUH, St. Peters Hospital, Rutgers University, and the NE Corridor train to NYC.
- Abundant on‑site parking.
- ADA accessibility with an elevator to all three floors.
- Suite 102: 1,601 SF first‑floor unit with reception area, kitchenette, bathroom, open bullpen area, and 4 private offices.
Overview
This medical/professional office building, located on Georges Rd, is situated minutes from Routes 1, 130, and 18, offering quick access to the NJTP Exit 9. The property is also located minutes from downtown New Brunswick and RWJUH, St. Peters Hospital, Rutgers University, and the NE Corridor train to NYC. The building features an elevator with ADA access to each of its three floors. An abundance of on-site parking is available. The property is suitable for various medical, dental, or professional office uses, including family practice, urgent care, general dentistry, oral surgery, podiatry, cardiology, and dermatology, as well as IT consulting, staffing, attorneys, accountants, title companies, real estate, and pharmaceutical companies. Suite 102, a 1,601 square feet unit on the first floor, provides close access to the lobby. It is configured with a reception area, kitchenette, bathroom, open bullpen area, and four windowed perimeter private offices. The real estate taxes are $12,524 annually. The lot size is 7.87 acres.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$272.2K
NOI $24,495 @ 9.00% cap · cautious / downside scenario
Moderate
$349.9K
NOI $24,495 @ 7.00% cap · market / base-case scenario
Aggressive
$489.9K
NOI $24,495 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $30.00 |
| − Vacancy | −$15.4k | −$9.60 |
| EGI | $32.7k | $20.40 |
| − OpEx | −$8.2k | −$5.10 |
| NOI | $24.5k | $15.30 |
1,601 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$349.9K
$306.2K – $408.3K
NOI $24,495 @ 7.0% cap · market cap 7.65%
Second Best
Healthcare Medical
$340.5K
$298.0K – $397.3K
NOI $23,838 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$418.1K
$365.8K – $487.7K
NOI $29,264 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- DSLA — 903 Hoover Dr, North Brunswick Township, NJ 08902, United States
Location Insight
- Map
- Local Demand
- City
- North Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4513647
- Latitude
- 40.4691014
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Medical/Professional office building near major routes and hospitals.
Where is this medical office space located?
The property is located at 622 Georges Road North Brunswick, NJ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Prime location with quick access to Routes 1, 130, 18, and NJTP Exit 9.; Ideal for medical, dental, or professional office use.; Close proximity to downtown New Brunswick, RWJUH, St. Peters Hospital, Rutgers University, and the NE Corridor train to NYC.
