Two-Unit Medical Office
New
For Sale
$535,000
1 Brier Hill Ct A1A2, East Brunswick, NJ 08816
Both suites are occupied by established practices, including psychology and podiatry providers.
Property Size1,632 SF
Price / SF$221.35
Days on Market2
Property Features for 1 Brier Hill Ct A1A2
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$9,091
Building Details
Building Size
1,632 SF
Year Built
1979
Stories
1
Tenancy
Multi
Listing Agency:
DAVIS REALTORS
Listed By:
DANIEL A. RAZZANO
(908) 403-4337
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:01AM
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 DAVIS REALTORS
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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 two-unit medical office condominium portfolio contains 2,417 SF across separate suites. Unit A-1 totals approximately 1,632 SF, with 816 SF on the main level and an additional 816 SF of finished basement space. Unit A-2 offers approximately 785 SF on the ground floor. The office suites have been renovated, and the buildings date to 1979. Current occupants include a psychology practice and a podiatry practice.
The condominiums are part of Brier Hill, a professional and medical complex in East Brunswick. Access to the area includes Cranbury Road, Route 18, Route 1, and New Jersey Turnpike Exits 9 and 8A. The association manages common areas and exterior services, including landscaping and snow removal; tenants handle much of the interior maintenance within their suites.
The condominiums are part of Brier Hill, a professional and medical complex in East Brunswick. Access to the area includes Cranbury Road, Route 18, Route 1, and New Jersey Turnpike Exits 9 and 8A. The association manages common areas and exterior services, including landscaping and snow removal; tenants handle much of the interior maintenance within their suites.
Key Highlights
- Two medical office condominium units totaling 2,417 SF
- Unit A‑1: approximately 1,632 SF, including 816 SF main level and 816 SF finished basement
- Unit A‑2: approximately 785 SF on the ground floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,980
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,600
$739.6K
Cap Rate 7%
$528,286
$528.3K
Cap Rate 9%
$410,889
$410.9K
Market Conditions
NOI Build-Up for 2,417 SF
Gross rent
$72.5K $30.00/SF
− Vacancy
−$23.2K −$9.60/SF
EGI
$49.3K $20.40/SF
− OpEx
−$12.3K −$5.10/SF
NOI
$37.0K $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%
$739,600
Cap Rate 7%
$528,286
Cap Rate 9%
$410,889
Alternative Uses
Best Use
Office B
$528.3K
$462.3K – $616.3K
NOI $36,980 @ 7.0% cap · market cap 6.91%
Second Best
Healthcare Medical
$514.1K
$449.9K – $599.8K
NOI $35,988 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$631.1K
$552.2K – $736.3K
NOI $44,179 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Both suites are occupied by established practices, including psychology and podiatry providers.
Where is this medical office space located?
The property is located at 1 Brier Hill Ct A1A2 East Brunswick, NJ.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two medical office condominium units totaling 2,417 SF; Unit A‑1: approximately 1,632 SF, including 816 SF main level and 816 SF finished basement; Unit A‑2: approximately 785 SF on the ground floor
