Medical Building For
1100 Centennial Piscataway, NJ 08854
1100 Centennial, Piscataway, NJ, 08854
$4,950,000
For Sale
$4,950,000
Two-story medical building with diverse tenants and investment potential.
Property Size16,452 SF
Lot Size1.42 Acres
Price / SF$300.88
Days on Market161
Property Features for 1100 Centennial
General Information
- Standard status
- Active
- Size
- 16,452 SF
- Lot size
- 1.42 Acres
- Property subtype
- Commercial
Listing agency
CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP-FORT LEE
(201) 346-0200
Listed by
JIN PARK
Source
Corcoran
Added: Feb 10 Updated: Jul 6 at 10:25AM Checked: Jul 21 at 5:16AM
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
Investment Insights
Based on property information with market context.
This two-story medical building, constructed in 2003, is available for sale. The building has a total area of 16,452 square feet, with 8,226 square feet on each floor, and is situated on a 1.42-acre lot. The property features an elevator and 82 parking spaces. The tenant mix includes a dentist, eye doctor, urgent care facility, Ob-Gyn practice, allergy specialist, and an attorney. Currently, there is one vacancy consisting of 2,096 square feet. The building is located 6 miles from Saint Peter's University Hospital and 8 miles from JFK Medical Center. A new roof was installed in 2022.
Key Highlights
- High‑demand medical building with diverse tenant mix including Dentist, Eye Doctor, Urgent Care, and more.
- Significant income potential with existing tenants and a 2,096 SF vacancy to lease.
- Ample parking with 82 spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $493.6k | $30.00 |
| − Vacancy | −$157.9k | −$9.60 |
| EGI | $335.6k | $20.40 |
| − OpEx | −$83.9k | −$5.10 |
| NOI | $251.7k | $15.30 |
16,452 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.60M
$3.15M – $4.20M
NOI $251,716 @ 7.0% cap · market cap 5.09%
Second Best
Healthcare Medical
$3.50M
$3.06M – $4.08M
NOI $244,964 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,716 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Two-story medical building with diverse tenants and investment potential.
Where is this medical center located?
The property is located at 1100 Centennial Piscataway, NJ.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: High‑demand medical building with diverse tenant mix including Dentist, Eye Doctor, Urgent Care, and more.; Significant income potential with existing tenants and a 2,096 SF vacancy to lease.; Ample parking with 82 spaces.
