Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1100 Centennial #102 Piscataway, NJ 8854

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,017 /Mo

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

    Type:Commercial
    Property size:
    2,096 SF
    Lot size:
    1.42 Acres
    Added:
    Oct 19, 2025
    Days on Market:
    166
    Last Refresh:
    Mar 26 at 2:33 am

    Property Features for 1100 Centennial #102

    General Information

    Standard status
    Active
    Size
    2,096 SF
    Lot size
    1.42 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    JIN PARK

    Listing agent JIN PARK

    Listing office CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP-FORT LEE

    Listing date Oct 19, 2025

    Source Corcoran

    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 CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP-FORT LEE

    Overview

    Medical Office Space Available

    A unit is available for lease within 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, located on the first floor, offers 2,096 square feet of space and includes 8 rooms and 2 bathrooms. Current tenants in the building include a dentist, eye doctor, Ob-Gyn, and allergy specialist. The property features 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.
    Location Intelligence

    Current Use by Public Records

    Dr. Alpesh A. Pate, ... Physician Harmony OB/GYN - Piscataway Medical Clinic Dr. Mark Weinstein Physician Rajvi Patel Physician Ray Selbrena Corbin-Simon Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4592
    Latitude
    40.5511

    Nearby Similar for Lease

    • Contact for pricing

      Refreshed Office Condo For Lease

      Ground floor office condo ideal for medical or professional use.
      250 Stelton Rd, Piscataway Twp., NJ 08854-3285
      View Details
    • Sponsored
      Contact for pricing

      Knightsbridge

      30 Knightsbridge Rd, Unit 525, Piscataway, NJ 08854
      View Details
    • $19/mo

      Piscataway Office Suites For Rent

      Office suites for rent with special zoning for schools/daycare.
      200 Centennial Avenue, Piscataway, NJ 08854
      View Details
    • $21/mo

      Class A Office Units Available

      Class A office units for lease with flexible terms.
      1 Corporate Place South, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Medical Office Condos For Lease

      Medical office condos for sale or lease in Piscataway, NJ.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Medical Office Condos For Lease

      Medical office condos for sale or lease in Piscataway, NJ.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • $19/mo

      Piscataway Corporate Park Office Space

      As-built office units for lease in Piscataway Corporate Park.
      15 Corporate Place South, Piscataway, NJ 08854
      View Details
    • $21/mo

      Piscataway Office Space For Lease

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

      Distribution Center Near I-287

      241,200 SF distribution center with modern features for lease.
      10 Normandy Dr, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Distribution Warehouse in Central New Jersey

      155,272 SF distribution warehouse with highway frontage and excellent connectivity.
      1551 South Washington Avenue, Piscataway, NJ, 08854
      View Details
    • Contact for pricing

      Piscataway Commercial Space Available

      Commercial space for rent in Piscataway, New Jersey.
      100 Ridge Road, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Piscataway Warehouse Space Available

      253,575 SF warehouse with immediate highway access.
      276 Old New Brunswick Road, Piscataway, NJ, 08854
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space for lease in a two-story building.
    Where is this medical office space located?
    The property is located at 1100 Centennial #102 Piscataway, NJ.
    What is the lease rate?
    The lease rate is $4,017 /Mo.
    What are key features of this property?
    This property features: Located in an established medical building with existing tenants.; 2096 Sqft unit available for lease on the 1st floor.; Proximity to major hospitals.
    (201) 346-0200
    We can help!
    Listing Contact
    JIN PARK
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!