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

    1527 Rt27 Somerset, NJ 08873

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr

    2725 sq ft medical office space for rent.

    Lot size:
    2.00 Acres

    Property Features for 1527 Rt27

    General Information

    Lot size
    2.00 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Antonio Decicco
    Source: Elliman

    Listing Agent: Antonio Decicco

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

    Learn more

    Overview

    Medical Office Space Available

    This 2725 sq ft office space is located in a medical office building currently housing 11 other practitioners with specialties such as Rehabilitation, Woman's Health, Orthopedics & Periodontics, Orthotics & Prosthetics, Ophthalmology, Dental, and Joint and Spine specialists. The space features natural lighting in all rooms, a large reception area, and office areas for staff. Situated on a busy section of Rt. 27 in Somerset, the location offers convenient access to New Brunswick Hospitals, including Robert Wood Johnson, Saint Peter's Medical Center, and UMDNJ. Public transportation, including bus and rail, is located nearby. The facility is modern and updated, equipped with a security system, and accessible 24 hours.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Faith Veterinary Clinic Services

    Map

    City
    Somerset
    County
    State
    New Jersey
    Longitude
    -74.5325
    Latitude
    40.5013

    Nearby Similar for Lease

    • Contact for pricing
      9,327 SF

      Renovated Warehouse and Office Space

      Divisible warehouse and office space with recent renovations.
      1 Riverview Dr, Somerset, NJ
      View Details
    • $3,205 /Mo

      Medical/Professional Office on Route 27

      Medical/professional office condo in prime location, easy access to hospitals.
      1553 Rte 27, Somerset, NJ 08873
      View Details
    • Contact for pricing
      6,015 SF

      Renovated Office Space Available

      Newly renovated office space with modern amenities and convenient location.
      270 Davidson Ave, Somerset, NJ
      View Details
    • $18 SF/Yr
      41,374 SF

      Modern Office Units Near I-287

      Modern, fully built-out office units with highway exposure available for lease.
      347 Elizabeth Ave, Somerset, NJ 08873
      View Details
    • Contact for pricing
      5,750 SF

      Retail Space in Somerset County

      Highly visible storefront near downtown New Brunswick and Rutgers University.
      718 Hamilton St, Somerset, NJ
      View Details
    • Contact for pricing
      1,848 SF

      Retail Space in Somerset Center

      Retail space available in high-traffic Somerset shopping center.
      982 Easton Ave, Somerset, NJ
      View Details
    • Contact for pricing
      18,421 SF

      Cannabis Cultivation Facility for Rent

      18,421 SF cannabis cultivation facility with 1.21 acre land.
      7 Veronica Ave, Somerset, NJ 08873
      View Details
    • $13 SF/Yr
      16,000 SF

      Somerset Warehouse Space Available

      16,000 SF warehouse space for lease in Somerset, NJ.
      25 Commerce Dr, Somerset, NJ
      View Details
    • Contact for pricing
      100,121 SF

      Somerset Warehouse Space Available

      100,121 SF warehouse space divisible into multiple units.
      600 Apgar Dr, Somerset, NJ
      View Details
    • $1,350 /Mo

      Second Floor Office Space Available

      Office space with reception, conference room, and private offices.
      17 Clyde Rd, Somerset, NJ 08873
      View Details
    • Contact for pricing
      54,480 SF

      Retail Space Near Major Destinations

      Retail property near Route 287 and major shopping destinations.
      1221 Rt 27, Somerset, NJ
      View Details
    • Contact for pricing
      11,200 SF

      Retail Space Near Rutgers Campus

      Retail property near Rutgers New Brunswick campus with ample parking.
      621 Hamilton St, Somerset, NJ
      View Details

    FAQs

    What type of property is this?
    Medical office - 2725 sq ft medical office space for rent.
    Where is this medical office located?
    The property is located at 1527 Rt27 Somerset, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime medical office building location alongside 11 other practitioners.; - 2725 sq ft office space ideal for a medical practice.; - Conveniently located on busy Rt. 27 in Somerset, near New Brunswick Hospitals.
    (609) 303-3456
    Request Owner's contact information
    1527 Rt27 Somerset, NJ 08873
    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.
    1527 Rt27
    Somerset, NJ 08873
    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
    1527 Rt27 Somerset, NJ 08873
    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
    Antonio Decicco
    (609) 303-3456
    Learn more
    Google sign-in failed. Please try again or use another login method.