Medical Building For
For Sale
$4,950,000
1100 Centennial Ave, Piscataway, NJ 08854
Two-story medical building with diverse tenants and investment potential.
Property Size16,452 SF
Lot Size1.42 Acres
Price / SF$300.88
Days on Market310
Property Features for 1100 Centennial Ave
General Information
Standard status
Active
Size
16,452 SF
Lot size
1.42 Acres
Property subtype
Commercial
Listing Agency:
The Agency One Rock-Fort Lee
Listed By:
Jin Park (201) 328-5555
(201) 346-0200
Source:
Brentsellsnj
Added: Dec 14, 2025
Changed: Oct 1
Last Checked: Oct 19 at 7:02AM
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 The Agency One Rock-Fort Lee
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,964
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,899,280
$4.9M
Cap Rate 7%
$3,499,486
$3.5M
Cap Rate 9%
$2,721,822
$2.7M
Market Conditions
NOI Build-Up for 16,452 SF
Gross rent
$434.3K $26.40/SF
− Vacancy
−$26.1K −$1.58/SF
EGI
$408.3K $24.82/SF
− OpEx
−$163.3K −$9.93/SF
NOI
$245.0K $14.89/SF
Area
Middlesex County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,899,280
Cap Rate 7%
$3,499,486
Cap Rate 9%
$2,721,822
Alternative Uses
Best Use
Healthcare Medical
$3.50M
$3.06M – $4.08M
NOI $244,964 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 08854, NJ
60,545
Population
18,069
Households
3.4
Avg Household Size
34
Median Age
50%
College-Educated
92%
High-School Grad
18.9 sq mi
ZIP Area
3,203
Density / Sq Mi
$126,331
Median Household Income
$42,397
Median Earnings
$1,929
Median Rent
$423,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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.
