First-Floor Office
For Sale
Contact for pricing
1-44 N Main St, Milltown, NJ 08850
First-floor office suite offers an open layout, private office, and private bathrooms with mini-split heating and cooling.
Property Size1,940 SF
Price / SF$1.55
Days on Market108
Property Features for 1-44 N Main St
General Information
Standard status
Active
Size
1,940 SF
Total Parking Spaces
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,415
Amenities
private office
private bathrooms
Listing Agency:
RE/MAX COUNTRY
(732) 729-9000
Listed By:
FRANK CALANDRUCCIO · License #NJ0998052276
(732) 762-1710
Source:
Exprealty
Added: Jul 7
Changed: Oct 3
Last Checked: Oct 20 at 10:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX COUNTRY
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Investment Insights
Based on property information with market context.
This first-floor office suite spans approximately 1,900 square feet and features an open floor plan with a private office and private bathrooms. The space is heated and cooled by mini-split systems, and it includes off-street parking for four vehicles. A build-to-suit option may be available for an additional charge.
The property is located in the heart of Milltown and is described as being near major highways and transportation to NYC.
Availability is listed for August 1.
The property is located in the heart of Milltown and is described as being near major highways and transportation to NYC.
Availability is listed for August 1.
Key Highlights
- 1900+ SF first‑floor office suite in the heart of Milltown
- Open floor plan with a private office and private bathrooms
- Heated and cooled by mini‑split
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,682
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,640
$593.6K
Cap Rate 7%
$424,029
$424.0K
Cap Rate 9%
$329,800
$329.8K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$58.2K $30.00/SF
− Vacancy
−$18.6K −$9.60/SF
EGI
$39.6K $20.40/SF
− OpEx
−$9.9K −$5.10/SF
NOI
$29.7K $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 Rate 5%
$593,640
Cap Rate 7%
$424,029
Cap Rate 9%
$329,800
Alternative Uses
Best Use
Office B
$424.0K
$371.0K – $494.7K
NOI $29,682 @ 7.0% cap · market cap 989.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.6K
$443.3K – $591.0K
NOI $35,460 @ 7.0% cap · market cap 1,182.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 08850, NJ
8,325
Population
3,165
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,620
Density / Sq Mi
$127,331
Median Household Income
$60,938
Median Earnings
$1,520
Median Rent
$436,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office suite offers an open layout, private office, and private bathrooms with mini-split heating and cooling.
Where is this office unit located?
The property is located at 1-44 N Main St Milltown, NJ.
What are key features of this property?
This property features: 1900+ SF first‑floor office suite in the heart of Milltown; Open floor plan with a private office and private bathrooms; Heated and cooled by mini‑split
