Two-Story Office Building
For Sale
Contact for pricing
101 State Route 27, Edison, NJ 08820
Two-story Class C office building offers owner-user use with multiple tenants on a 0.44-acre lot.
Property Size8,200 SF
Lot Size0.44 Acres
Price / SF$402.44
Days on Market65
Property Features for 101 State Route 27
General Information
Standard status
Active
Size
8,200 SF
Class
C
Lot size
0.44 Acres
Property subtype
Retail, Office
Building Details
Year Built
2000
Stories
2
Tenancy
Multi
Listing Agency:
Zimmel Associates
(732) 661-9200
Listed By:
David Zimmel · License #NJ 7933396
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 7 at 10:10AM
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 Zimmel Associates
Investment Insights
Based on property information with market context.
The property is an 8,200 SF, two-story office building built in 1950, offered as an owner-user opportunity. The building provides Class C office space and is currently occupied by multiple tenants, supporting a ready-to-operate setup for an owner who wants to use part of the building while maintaining income from existing occupancy.
The building is located on State Route 27 in Edison, NJ, on a 0.44-acre lot. Its placement along the state route supports straightforward access for employees and visitors, and the site size provides room to accommodate day-to-day on-site operations.
For tenants or buyers seeking an owner-user office configuration, the current multi-tenant occupancy may offer flexibility for managing space usage and future plans. As a for-sale property, it is well suited to an operator looking for a smaller, independently controlled office building rather than a leased suite within a larger complex.
The building is located on State Route 27 in Edison, NJ, on a 0.44-acre lot. Its placement along the state route supports straightforward access for employees and visitors, and the site size provides room to accommodate day-to-day on-site operations.
For tenants or buyers seeking an owner-user office configuration, the current multi-tenant occupancy may offer flexibility for managing space usage and future plans. As a for-sale property, it is well suited to an operator looking for a smaller, independently controlled office building rather than a leased suite within a larger complex.
Key Highlights
- 8,200 SF, two‑story office building in Edison, NJ
- Located on State Route 27
- Class C office space with multiple tenants currently occupying the property
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
$133,947
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
4.06%
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%
$2,678,940
$2.7M
Cap Rate 7%
$1,913,529
$1.9M
Cap Rate 9%
$1,488,300
$1.5M
Market Conditions
NOI Build-Up for 8,200 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
$216.5K $26.40/SF
− Vacancy
−$37.9K −$4.62/SF
EGI
$178.6K $21.78/SF
− OpEx
−$44.6K −$5.44/SF
NOI
$133.9K $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%
$2,678,940
Cap Rate 7%
$1,913,529
Cap Rate 9%
$1,488,300
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,947 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,031 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,641
Businesses Nearby
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?
Office building - Two-story Class C office building offers owner-user use with multiple tenants on a 0.44-acre lot.
Where is this office building located?
The property is located at 101 State Route 27 Edison, NJ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 8,200 SF, two‑story office building in Edison, NJ; Located on State Route 27; Class C office space with multiple tenants currently occupying the property
