North Brunswick Office Condo For
For Sale
Contact for pricing
1600-1604 US Highway 130, North Brunswick, NJ
Office condo with elevator access on busy Route 130.
Property Size1,100 SF
Lot Size0.10 Acres
Price / SF$240.91
Days on Market796
Property Features for 1600-1604 US Highway 130
General Information
Standard status
Active
Size
1,100 SF
Lot size
0.10 Acres
Property subtype
OFFICE
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
Nicholas Savastano
(973) 768-9030
Source:
Moodyscre
Added: Aug 9, 2024
Changed: Jul 10
Last Checked: Oct 12 at 9:38PM
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 Blau & Berg Company
Investment Insights
Based on property information with market context.
This property features a condominium unit with approximately 1,100 square feet of space, situated on the second floor. The layout includes more than five offices in addition to a common area. As the only condominium in the office complex with elevator access, it offers enhanced accessibility. The property benefits from frontage on Route 130 in North Brunswick and includes ample parking. The monthly tax is approximately $330. This space is suitable for professionals such as lawyers, accountants, realtors, and architects.
Key Highlights
- Only condo in the office complex with elevator access
- 5+ offices plus common area**
- Frontage on busy Route 130
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,830
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,600
$336.6K
Cap Rate 7%
$240,429
$240.4K
Cap Rate 9%
$187,000
$187.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$10.6K −$9.60/SF
EGI
$22.4K $20.40/SF
− OpEx
−$5.6K −$5.10/SF
NOI
$16.8K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,600
Cap Rate 7%
$240,429
Cap Rate 9%
$187,000
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
444
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Office condo with elevator access on busy Route 130.
Where is this office units located?
The property is located at 1600-1604 US Highway 130 North Brunswick, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Only condo in the office complex with **elevator access**; 5+ offices plus common area**; Frontage on busy Route 130
