Furnished Office
For Sale
Contact for pricing
104-515 Plainfield Ave, Edison, NJ 08817
Approved one-year sublease includes two conference rooms, elevator access, windows, and ample parking.
Property Size2,600 SF
Price / SF$1.35
Days on Market134
Property Features for 104-515 Plainfield Ave
General Information
Standard status
Active
Size
2,600 SF
Taxes and HOA fees
Annual Taxes
$1.00
Listing Agency:
RE/MAX WELCOME HOME
(732) 549-9500
Listed By:
MELANIE MCCANN-MOTT
Source:
Exprealty
Added: Jun 8
Changed: Oct 10
Last Checked: Oct 19 at 1:20PM
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 RE/MAX WELCOME HOME
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Furnished office units are available through an approved sublease for a one-year term. The suite includes a primary work area and two large conference rooms, with ample windows providing natural light. The space is clean and ready for occupancy within a modern building equipped with an elevator.
The property is located down the street from Edison Train Station, providing a rail-accessible setting for commuting employees. Ample parking is also available on site.
The property is located down the street from Edison Train Station, providing a rail-accessible setting for commuting employees. Ample parking is also available on site.
Key Highlights
- Approved sublease available for a 1‑year term
- Fully furnished suite with a main work area
- 2 large conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,471
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,420
$849.4K
Cap Rate 7%
$606,729
$606.7K
Cap Rate 9%
$471,900
$471.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$68.6K $26.40/SF
− Vacancy
−$12.0K −$4.62/SF
EGI
$56.6K $21.78/SF
− OpEx
−$14.2K −$5.44/SF
NOI
$42.5K $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 Rate 5%
$849,420
Cap Rate 7%
$606,729
Cap Rate 9%
$471,900
Alternative Uses
Best Use
Office B
$606.7K
$530.9K – $707.9K
NOI $42,471 @ 7.0% cap · market cap 1,213.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.6K
$737.3K – $983.1K
NOI $58,985 @ 7.0% cap · market cap 1,685.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 08817, NJ
48,243
Population
17,260
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
4,551
Density / Sq Mi
$109,734
Median Household Income
$54,631
Median Earnings
$1,946
Median Rent
$411,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Approved one-year sublease includes two conference rooms, elevator access, windows, and ample parking.
Where is this office unit located?
The property is located at 104-515 Plainfield Ave Edison, NJ.
What are key features of this property?
This property features: Approved sublease available for a 1‑year term; Fully furnished suite with a main work area; 2 large conference rooms
