1124 Us Highway 202 #B9 B12 Raritan, NJ 08869
Updated office condo with flexible use options in Raritan.
- Added:
- Oct 2, 2025
- Days on Market:
- 283
- Last Refresh:
- Apr 5 at 9:19 pm
Property Features for 1124 Us Highway 202 #B9 B12
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Listing office KELLER WILLIAMS VILLAGE SQUARE REALTY (201) 445-4300
Listing date Oct 2, 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 KELLER WILLIAMS VILLAGE SQUARE REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey double office condo with over 2,000 sq ft of space.
- Option to use as one large unit or separate and rent one.
- Updated with new carpets, windows, AC units, and lighting.
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 | $60.0k | $30.00 |
| − Vacancy | −$19.2k | −$9.60 |
| EGI | $40.8k | $20.40 |
| − OpEx | −$10.2k | −$5.10 |
| NOI | $30.6k | $15.30 |
