Move-In Ready Medical Office
For Sale
$1,500,000
100-2 State Route 27, Edison, NJ 08820
Fully built-out office with natural light, central HVAC, and 24/7 access near a transit station.
Property Size3,800 SF
Price / SF$394.74
Days on Market147
Property Features for 100-2 State Route 27
General Information
Standard status
Active
Size
3,800 SF
Class
A
Listing Agency:
COLDWELL BANKER REALTY
(732) 494-7700
Listed By:
YING Q. GAUTREAU
Source:
Exprealty
Added: Mar 15
Changed: Jul 10
Last Checked: Aug 7 at 10:09AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This move-in ready office suite is approximately 3,800 square feet and is described as fully built-out as a standard office in excellent condition. The space features hardwood-like flooring, recessed lighting, and an open-plan layout designed to accommodate additional people. Central air conditioning and heating are included, and the suite includes built-in pantry/kitchen accommodations. Furnishings and equipment are also included, and the unit is set up for a doctor’s office, with Wi-Fi included. The building provides 24/7 access and a ground-floor entrance that offers direct access to the unit.
The property is located near Metro Park Train Station in Edison, New Jersey, and it is positioned next to JFK Hospital, providing a convenient setting for medical and professional use. Additional parking is available on-site, which supports client and staff access.
For buyers seeking a ready-to-operate medical or professional office, the turnkey configuration, included furnishings/equipment, and HVAC support immediate occupancy. The open-plan design can flex to changing space needs, while the direct ground-floor entrance and ample parking are practical for patient and client visits. 24/7 access further supports operations beyond standard business hours.
The property is located near Metro Park Train Station in Edison, New Jersey, and it is positioned next to JFK Hospital, providing a convenient setting for medical and professional use. Additional parking is available on-site, which supports client and staff access.
For buyers seeking a ready-to-operate medical or professional office, the turnkey configuration, included furnishings/equipment, and HVAC support immediate occupancy. The open-plan design can flex to changing space needs, while the direct ground-floor entrance and ample parking are practical for patient and client visits. 24/7 access further supports operations beyond standard business hours.
Key Highlights
- Approximately 3,800 SF fully built‑out office space in an A‑class high‑rise building in Edison, NJ
- Move‑in ready with central air conditioning and heating included
- 24/7 access with a ground‑floor entrance direct to the unit
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
$62,073
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
4.14%
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%
$1,241,460
$1.2M
Cap Rate 7%
$886,757
$886.8K
Cap Rate 9%
$689,700
$689.7K
Market Conditions
NOI Build-Up for 3,800 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
$100.3K $26.40/SF
− Vacancy
−$17.6K −$4.62/SF
EGI
$82.8K $21.78/SF
− OpEx
−$20.7K −$5.44/SF
NOI
$62.1K $16.33/SF
Area
Edison, NJ
Vacancy
17.50%
Lease Rate
$26.40 /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%
$1,241,460
Cap Rate 7%
$886,757
Cap Rate 9%
$689,700
Alternative Uses
Best Use
Office B
$886.8K
$775.9K – $1.03M
NOI $62,073 @ 7.0% cap · market cap 4.14%
Second Best
Healthcare Medical
$763.3K
$667.9K – $890.6K
NOI $53,434 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,210 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08820, NJ
41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully built-out office with natural light, central HVAC, and 24/7 access near a transit station.
Where is this medical office space located?
The property is located at 100-2 State Route 27 Edison, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,800 SF fully built‑out office space in an A‑class high‑rise building in Edison, NJ; Move‑in ready with central air conditioning and heating included; 24/7 access with a ground‑floor entrance direct to the unit
