First-Floor Medical Office
New
For Sale
$249,000
11 Clyde Road, Franklin, NJ 08873
Commercial Sale, Franklin, NJ
Property Size1,223 SF
Lot Size0.02 Acres
Price / SF$203.60
Days on Market5
Property Features for 11 Clyde Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-I
Parking
50
Directions
Located minutes from Routes 27 & 287,Hamilton St,Veronica Ave,RWJUH,St. Peters,Rutgers,New Brunswick
Standard status
Active
APN
0800089010000101C0305
Size
1,223 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3339
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Tile - Ceramic, Carpet
Building materials
Composition
Roof type
Asphalt
Listing Agency:
DAVIS REALTORS
(732) 254-6700
Listed By:
Brian Walsh
(908) 510-7089
Added: Sep 28
Last Checked: Oct 2 at 10:06AM
MLS# 2705308R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 11 Clyde Road, this 1,223-square-foot medical office condominium occupies the first floor and is zoned B-I. Its five exam or treatment rooms sit off a central corridor, with windows along the room perimeter. The suite also includes a waiting area, reception, kitchenette, and distinct patient and staff bathrooms. Tile and carpet flooring, central air conditioning, and forced-air heating complete the interior features.
The property is in Franklin, New Jersey, with access to Routes 27 and 287. RWJUH, St. Peters, Rutgers University, and downtown New Brunswick are among the destinations identified nearby. On-site parking is available, and the suite is ADA accessible.
The property is in Franklin, New Jersey, with access to Routes 27 and 287. RWJUH, St. Peters, Rutgers University, and downtown New Brunswick are among the destinations identified nearby. On-site parking is available, and the suite is ADA accessible.
Key Highlights
- 1,223 SF first‑floor medical office condominium
- Five exam or treatment rooms arranged along a central corridor
- Waiting and reception area, kitchenette, and separate patient and staff bathrooms
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
$18,712
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
7.51%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - ADA-accessible clinical space offers a dedicated reception area and separate restrooms for patients and staff.
Where is this medical office space located?
The property is located at 11 Clyde Road 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 SF first‑floor medical office condominium; Five exam or treatment rooms arranged along a central corridor; Waiting and reception area, kitchenette, and separate patient and staff bathrooms
