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

    1100 Centennial Ave Piscataway, NJ 08854

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,950,000

    Two-story medical building with diverse tenants and investment potential.

    Property Features for 1100 Centennial Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jin Park
    Source: Corcoran

    Listing Agency: CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP-FORT LEE Listing Agent: Jin Park

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Building For Sale

    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.
    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
    -74.4592473
    Latitude
    40.5511434

    Nearby Similar for Sale

    • Contact for pricing
      3,600 SF

      Piscataway Twp. Medical/Professional Office

      Renovated 1,000 SF suite in high-visibility building, Piscataway business corridor.
      451 S Washington Ave, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Twp. Commercial Office Condo

      Renovated condo ideal for medical or professional office use.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Commercial Condo For Sale

      Recently renovated commercial condo ideal for medical or professional office.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $1,800,000
      Pending

      Piscataway Industrial Building on Acreage

      7,200 SF industrial building on 1.09 acres for sale.
      145 11Th St, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      1,000 SF

      Versatile Commercial Space in Piscataway

      Renovated commercial space with flexible layout in a convenient location.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $725,000
      0.17 Acres

      Piscataway Two-Family Home For Sale

      Two-family home in Piscataway with value-add opportunities.
      307 Rock Ave, Piscataway, NJ 08854
      View Details
    • $370,000
      1,100 SF

      Piscataway Twp. Office Condo

      Ground floor office condo for sale, ideal for various businesses.
      250 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Medical Office Condos For Sale

      Medical office condos in Central Jersey Medical & Professional complex.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Medical Office Condos For Sale

      Medical office condos in Central Jersey Medical & Professional complex.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      10,000 SF

      Medical Office Condos For Sale

      Medical office condos in Central Jersey Medical & Professional complex.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      18,560 SF

      Retail Space Available

      Retail space with dedicated entrance and shared parking.
      1052 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      1,000 SF

      Piscataway Commercial Space Available

      Versatile commercial space in a convenient, highly visible Piscataway location.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details

    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 Ave 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.
    (201) 346-0200
    Request Owner's contact information
    1100 Centennial Ave Piscataway, NJ 08854
    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.
    1100 Centennial Ave
    Piscataway, NJ 08854
    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
    1100 Centennial Ave Piscataway, NJ 08854
    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

    We can help!
    Listing Contact
    Jin Park
    (201) 346-0200 (201) 328-5555 (201) 503-0090
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!