Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    240 Old New Brunswick Rd Piscataway, NJ 08854

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr ($5,960 /Mo)

    Office space for lease with Route 287 exposure.

    Property size:
    3,668 SF
    Lot size:
    6.20 Acres

    Property Features for 240 Old New Brunswick Rd

    General Information

    Size
    3,668 SF
    Lot size
    6.20 Acres

    We can help!

    Listing Contact
    Robert Bogash
    Robert Bogash
    Source: Moodyscre

    Listing Agent: Robert Bogash

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

    Learn more

    Property Insight Report

    Overview

    Piscataway Office Space For Lease

    This office space is available for lease and offers exposure to Route 287. The zoning permits various uses, including medical facilities, training schools, IT companies, and general office purposes. A parking ratio of 4 per 1000 square feet is provided. There is an opportunity for building signage available to a large square footage user. Amenities include an on-site café with outdoor seating, interior storage space, and meeting or event rooms. The property offers 3,668 square feet of space and is located in Piscataway, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4741191
    Latitude
    40.5540201

    Nearby Similar for Lease

    • $2,300 /Mo

      Refreshed Ground Floor Office Condo

      Office condo for lease in a high-traffic area.
      250 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      88,780 SF

      Class A Office Units Available

      Class A office units for lease with flexible terms.
      1 Corporate Pl South, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      68,156 SF

      Piscataway Office Suites For Rent

      Office suites for rent with special zoning for schools/daycare.
      200 Centennial Ave, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      27,280 SF

      Piscataway Flex Space For Lease

      Modern flex building with high-quality finishes and flexible zoning.
      201 Circle Dr N, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      97,348 SF

      Piscataway Town Center Office Suites

      Prime Middlesex County Office Space
      0 Washington Ave. Rte 665, Piscataway, NJ 08854
      View Details
    • $12 SF/Yr
      75,000 SF

      Piscataway Warehouse Space Available

      75,000 SF Warehouse, Multiple Tenants
      240 Circle Dr, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      17,500 SF

      Industrial/Flex Building for Lease

      Industrial/flex building with units available for lease in Piscataway, NJ.
      521 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $3,234 /Mo
      4,500 SF

      Retail Space in Newer Strip

      Retail space in newer strip mall with private parking.
      620 Clinton Ave, Piscataway, NJ 08854
      View Details
    • $22 SF/Yr
      15,512 SF

      Knightsbridge Office Suites

      Modern NJ office space; flexible options.
      30 Knightsbridge Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Stelton Road

      Retail space available on heavily trafficked Stelton Road.
      547 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      241,200 SF

      Piscataway Distribution Center for Lease

      241,200 SF distribution center with modern features, near I-287.
      10 Normandy Dr, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr
      88,780 SF

      Piscataway Executive Office Space

      Prime NJ Office Suites Available
      1 Corporate Pl, Piscataway, NJ 08854
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease with Route 287 exposure.
    Where is this office space located?
    The property is located at 240 Old New Brunswick Rd Piscataway, NJ.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - High visibility with Route 287 exposure; - Flexible zoning suitable for medical, training schools, IT, and general office use; - Ample parking with a 4/1000 ratio
    (732) 319-4680
    Request Owner's contact information
    240 Old New Brunswick Rd 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.
    240 Old New Brunswick Rd
    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
    240 Old New Brunswick Rd 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
    Robert Bogash
    Robert Bogash
    (732) 319-4680
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.