Iselin Office Unit For
For Sale
Contact for pricing
1 Austin Avenue B, Iselin, NJ 08830
208 SF office unit available for immediate occupancy.
Property Size4,142 SF
Price / SF$0.14
Days on Market228
Property Features for 1 Austin Avenue B
General Information
Standard status
Active
Size
4,142 SF
Building Details
Year Built
1988
Listing Agency:
CENTURY 21 MAIN STREET REALTY
Listed By:
BARBARA J. SANCILARDI
(732) 527-7201
Source:
Thebansalteam
Added: Mar 5
Changed: Oct 10
Last Checked: Oct 19 at 8:15AM
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 CENTURY 21 MAIN STREET REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 208 square foot office unit is located on the second floor. The property is a free-standing building with up to 3,000 square feet available. The entrance foyer has been remodeled. The building includes four bathrooms. Utilities are paid by the landlord. Street parking is available, as well as a private parking lot. The location provides access to major highways including the Garden State Parkway, New Jersey Turnpike, Route 1 and 9, and Route 35. The lease is gross, with no CAM charges. The space offers flexibility and is available for immediate occupancy.
Key Highlights
- All utilities included in rent, Landlord pays.
- Available for immediate occupancy.
- Access to major highways including GSP, NJ Turnpike, Rt. 1&9, Rt. 35.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,373
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,267,460
$1.3M
Cap Rate 7%
$905,329
$905.3K
Cap Rate 9%
$704,144
$704.1K
Market Conditions
NOI Build-Up for 4,142 SF
Gross rent
$124.3K $30.00/SF
− Vacancy
−$39.8K −$9.60/SF
EGI
$84.5K $20.40/SF
− OpEx
−$21.1K −$5.10/SF
NOI
$63.4K $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%
$1,267,460
Cap Rate 7%
$905,329
Cap Rate 9%
$704,144
Alternative Uses
Best Use
Office B
$905.3K
$792.2K – $1.06M
NOI $63,373 @ 7.0% cap · market cap 10,562.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$946.4K – $1.26M
NOI $75,709 @ 7.0% cap · market cap 12,618.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 08830, NJ
20,088
Population
6,618
Households
3
Avg Household Size
39
Median Age
55%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
6,278
Density / Sq Mi
$112,615
Median Household Income
$61,805
Median Earnings
$2,051
Median Rent
$394,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - 208 SF office unit available for immediate occupancy.
Where is this office unit located?
The property is located at 1 Austin Avenue B Iselin, NJ.
What are key features of this property?
This property features: All utilities included in rent, Landlord pays.; Available for immediate occupancy.; Access to major highways including GSP, NJ Turnpike, Rt. 1&9, Rt. 35.
