First-Floor Medical Office
11 Clyde Rd Unit 103, Franklin, NJ 08873
For Sale
New
$249,000
ADA-accessible suite features a dedicated reception area, treatment rooms, separate restrooms, and a kitchenette.
Property Size1,223 SF
Price / SF$203.60
Days on Market2
Property Features for 11 Clyde Rd Unit 103
General Information
Standard status
Size
Space & Availability
Floor
Condition
Financials
Asking Price
HOA Fee
Additional Details
Highway Access
Property Use
Medical Specialty
Amenities
ADA accessible
kitchenette
Listing Agency:
DAVIS REALTORS
Listed By:
BRIAN T. WALSH
(908) 510-7089
Source:
Luminancerealty
Added: Nov 8
Last Checked: Oct 5 at 7:29PM
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 first-floor medical office condominium spans 1,223 square feet and has five exam or treatment rooms arranged off a central hall. The layout also includes a waiting and reception area, separate patient and staff bathrooms, and a kitchenette. Perimeter windows bring natural light into the suite, which has been renovated and is ADA accessible.
The property offers on-site parking and access to Routes 27 and 287, Hamilton Street, and Veronica Avenue. Nearby destinations named include RWJUH, St. Peter’s, Rutgers University, and downtown New Brunswick. The space is suited to medical or professional office use.
The property offers on-site parking and access to Routes 27 and 287, Hamilton Street, and Veronica Avenue. Nearby destinations named include RWJUH, St. Peter’s, Rutgers University, and downtown New Brunswick. The space is suited to medical or professional office use.
Key Highlights
- 1,223‑square‑foot first‑floor medical office condominium
- Five exam or treatment rooms
- Waiting and reception area, central hallway, and perimeter windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,712
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,240
$374.2K
Cap Rate 7%
$267,314
$267.3K
Cap Rate 9%
$207,911
$207.9K
Market Conditions
NOI Build-Up for 1,223 SF
Gross rent
$36.7K $30.00/SF
− Vacancy
−$11.7K −$9.60/SF
EGI
$24.9K $20.40/SF
− OpEx
−$6.2K −$5.10/SF
NOI
$18.7K $15.30/SF
Area
Somerset 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%
$374,240
Cap Rate 7%
$267,314
Cap Rate 9%
$207,911
Alternative Uses
Best Use
Office B
$267.3K
$233.9K – $311.9K
NOI $18,712 @ 7.0% cap · market cap 7.51%
Second Best
Healthcare Medical
$260.1K
$227.6K – $303.5K
NOI $18,210 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$319.3K
$279.4K – $372.6K
NOI $22,354 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Somerset County, NJ
Properties on Market for Medical Office Space in Somerset County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Faith Veterinary Clinic Services — 475 Demott Ln, Somerset, NJ 08873
Frequently Asked Questions
What type of property is this?
Medical Office Space - ADA-accessible suite features a dedicated reception area, treatment rooms, separate restrooms, and a kitchenette.
Where is this medical office space located?
The property is located at 11 Clyde Rd Unit 103 Franklin, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,223‑square‑foot first‑floor medical office condominium; Five exam or treatment rooms; Waiting and reception area, central hallway, and perimeter windows
