Two-Story Medical Office
1100 CENTENNIAL AVE Unit NONE Piscataway, NJ 08854
1100 CENTENNIAL AVE Unit NONE, Piscataway, NJ, 08854
$4,950,000
For Sale
$4,950,000
Two-story medical office building with 1 elevator, ample parking, and a roof replacement completed in 2022.
Property Size16,635 SF
Lot Size1.42 Acres
Price / SF$297.57
Days on Market237
Property Features for 1100 CENTENNIAL AVE Unit NONE
General Information
- Standard status
- Active
- Size
- 16,635 SF
- Lot size
- 1.42 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agency
CHRISTIE'S INT. REAL ESTATE GROUP
(201) 328-5555
Listed by
JIN PARK
(201) 328-5555
Source
Xome
Added: Nov 28, 2025 Updated: Jul 22 at 6:05PM Checked: Jul 22 at 6:05PM
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 INT. REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This two-story medical office building is offered for sale on 1.42 acres. Built in 2003, the property totals 98,226 SF per floor for an overall building size of 196,452 SF. The tenancy mix includes a dentist, eye doctor, urgent care, ob/gyn, allergy, and an attorney, with one current vacancy totaling 2,096 SF.
The building provides 82 parking spaces and includes 1 elevator. It is located about 6 miles from St. Peter’s University Hospital and approximately 8 miles to JFK Medical Center. A new roof was installed in 2022.
The property’s current configuration supports multiple medical and professional uses within a single, vertically oriented office building.
The building provides 82 parking spaces and includes 1 elevator. It is located about 6 miles from St. Peter’s University Hospital and approximately 8 miles to JFK Medical Center. A new roof was installed in 2022.
The property’s current configuration supports multiple medical and professional uses within a single, vertically oriented office building.
Key Highlights
- Two‑story medical building built in 2003 on 1.42 acres
- 16,452 SF total building area with 1 elevator
- 82 parking spaces plus driveway and parking included
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 | $499.1k | $30.00 |
| − Vacancy | −$159.7k | −$9.60 |
| EGI | $339.4k | $20.40 |
| − OpEx | −$84.8k | −$5.10 |
| NOI | $254.5k | $15.30 |
16,635 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.64M
$3.18M – $4.24M
NOI $254,516 @ 7.0% cap · market cap 5.14%
Second Best
Healthcare Medical
$3.54M
$3.10M – $4.13M
NOI $247,688 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $304,061 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Medical Office Space - Two-story medical office building with 1 elevator, ample parking, and a roof replacement completed in 2022.
Where is this medical office space located?
The property is located at 1100 CENTENNIAL AVE Unit NONE 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: Two‑story medical building built in 2003 on 1.42 acres; 16,452 SF total building area with 1 elevator; 82 parking spaces plus driveway and parking included
