Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1100 Centennial Ave, Unit 202 Piscataway, NJ 08854

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,627 /Mo

    Medical office space for lease in a two-story building.

    Property Features for 1100 Centennial Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jin Park
    Source: Corcoran

    Listing Agent: Jin Park

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space Available

    A unit is available for lease in a two-story medical building constructed in 2003. The building, situated on 1.42 acres, has a total area of 16,452 square feet, with 8,226 square feet per floor. The available unit is located on the second floor and comprises 1,865 square feet, featuring 7 rooms and 2 bathrooms. Current tenants in the building include a dentist, eye doctor, and Ob-Gyn. The property includes 82 parking spaces and one elevator. The building is located 6 miles from Saint Peter's University Hospital and 8 miles from JFK Medical Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Alpesh A. Pate, ... Internist Harmony OB/GYN - Piscataway Women'S Health Clinic Dr. Mark Weinstein Immunologist Rajvi Patel Optometrist Ray Selbrena Corbin-Simon Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4592473
    Latitude
    40.5511434

    Nearby Similar for Lease

    • $2,300 /Mo

      Refreshed Ground Floor Office Condo

      Office condo for lease in a high-traffic area.
      250 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      27,280 SF

      Piscataway Flex Space For Lease

      Modern flex building with high-quality finishes and flexible zoning.
      201 Circle Dr N, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      97,348 SF

      Piscataway Town Center Office Suites

      Prime Middlesex County Office Space
      0 Washington Ave. Rte 665, Piscataway, NJ 08854
      View Details
    • $12 SF/Yr
      75,000 SF

      Piscataway Warehouse Space Available

      75,000 SF Warehouse, Multiple Tenants
      240 Circle Dr, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      17,500 SF

      Industrial/Flex Building for Lease

      Industrial/flex building with units available for lease in Piscataway, NJ.
      521 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $3,234 /Mo
      4,500 SF

      Retail Space in Newer Strip

      Retail space in newer strip mall with private parking.
      620 Clinton Ave, Piscataway, NJ 08854
      View Details
    • $22 SF/Yr
      15,512 SF

      Knightsbridge Office Suites

      Modern NJ office space; flexible options.
      30 Knightsbridge Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Stelton Road

      Retail space available on heavily trafficked Stelton Road.
      547 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      88,780 SF

      Piscataway Executive Office Space

      Prime NJ Office Suites Available
      1 Corporate Pl, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      1,701 SF

      Piscataway Office Space For Rent

      Office space with special zoning for schools and learning centers.
      200 Centennial Ave, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      26,483 SF

      Piscataway Office Space Sublease

      Office space available for sublease in Piscataway, New Jersey.
      20 Knightsbridge Rd, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      3,668 SF

      Piscataway Office Space For Lease

      Office space for lease with Route 287 exposure.
      240 Old New Brunswick Rd, Piscataway, NJ 08854
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical office space for lease in a two-story building.
    Where is this medical office located?
    The property is located at 1100 Centennial Ave, Unit 202 Piscataway, NJ.
    What are key features of this property?
    This property features: - Located in an established medical building with existing tenants (Dentist, Eye Doctor, Ob-Gyn).; - 1,865 SF unit available for lease on the 2nd floor.; - Proximity to major hospitals: 6 miles to Saint Peter's University Hospital and 8 miles to JFK Medical Center.
    Request Owner's contact information
    1100 Centennial Ave, Unit 202 Piscataway, NJ 08854
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1100 Centennial Ave, Unit 202
    Piscataway, NJ 08854
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1100 Centennial Ave, Unit 202 Piscataway, NJ 08854
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jin Park
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.