Versatile First-Floor Office
622 Georges Road #1-2 North Brunswick, NJ 08902
622 Georges Road #1-2, North Brunswick, NJ, 08902
$599,000
For Sale
$599,000
First-floor office suite suitable for medical or professional services.
Property Size2,400 SF
Price / SF$249.58
Days on Market483
Property Features for 622 Georges Road #1-2
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing Agency
CENTURY 21 BURKE REALTY
(732) 658-6800
Listed by
JOHN H. BURKE · License #1221032
Source
Corcoran
Added: Mar 25, 2025 Checked: Jul 19 at 4:24 am
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 CENTURY 21 BURKE REALTY
Investment Insights
Based on property information with market context.
This first-floor office suite is located in a well-maintained commercial building. Currently used for medical purposes, the 2400-square-foot suite offers the potential to be divided into two separate spaces. The property features ample parking. The building has an attractive exterior and interior, providing a professional atmosphere. The suite is suitable for medical offices, urgent care, dental practices, law firms, accounting offices, or other professional services.
Key Highlights
- Versatile first‑floor suite suitable for various professional services (medical, legal, accounting, etc.).
- Potential to be divided into two separate spaces for flexible use.
- Ample parking for staff and clients.
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 | $72.0k | $30.00 |
| − Vacancy | −$23.0k | −$9.60 |
| EGI | $49.0k | $20.40 |
| − OpEx | −$12.2k | −$5.10 |
| NOI | $36.7k | $15.30 |
2,400 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$524.6K
$459.0K – $612.0K
NOI $36,720 @ 7.0% cap · market cap 6.13%
Second Best
Healthcare Medical
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - First-floor office suite suitable for medical or professional services.
Where is this medical office space located?
The property is located at 622 Georges Road #1-2 North Brunswick, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Versatile first‑floor suite suitable for various professional services (medical, legal, accounting, etc.).; Potential to be divided into two separate spaces for flexible use.; Ample parking for staff and clients.
