Ground Floor Office
250 Stelton Rd Piscataway, NJ 08854
250 Stelton Rd, Piscataway, NJ, 08854
$370,000
For Sale
$370,000
Office condo for sale, ideal for medical or professional use.
Property Size1,100 SF
Price / SF$336.36
Days on Market501
Property Features for 250 Stelton Rd
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing Agency
HALLMARK REALTORS
(800) 359-3398
Listed by
FELIX CABRAL
Source
Corcoran
Added: Mar 6, 2025 Checked: Jul 19 at 4:16 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 HALLMARK REALTORS
Investment Insights
Based on property information with market context.
This ground floor office condo is available for sale within an 8-unit building. The unit features three office spaces, a consulting/conference room, a spacious receptionist area, a waiting room, a storage closet, a kitchenette, and a restroom. It is located off a high-traffic section of Stelton Road, surrounded by local businesses and a residential complex. The property is suitable for a medical/dental office, massage parlor/wellness spa, or an attorney/accountant's office. It is not intended for daycare or retail cashier business use. The quarterly CAM charge is $619.00 for maintenance and services, approximately $206 monthly. The tenant is responsible for utilities and CAM. The property is in excellent condition and offers plenty of parking. The tenant has updated the interior with new carpet and paint throughout the unit. The property size is 1100 square feet.
Key Highlights
- Leased ground floor office condo providing immediate rental income.
- Excellent location on high‑traffic Stelton Road with ample parking.
- Suitable for various professional uses (medical, legal, etc.).
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 | $33.0k | $30.00 |
| − Vacancy | −$10.6k | −$9.60 |
| EGI | $22.4k | $20.40 |
| − OpEx | −$5.6k | −$5.10 |
| NOI | $16.8k | $15.30 |
1,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 4.55%
Second Best
Healthcare Medical
$234.0K
$204.7K – $273.0K
NOI $16,379 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
RE/MAX Home Pros
Real Estate Agency
Business Company
Property Management Company
Aditi Gupta Md
Physician
Dr. Rekha A. Patel, ...
Medical Clinic
Dr. Roy
Dental Office
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FAQs
What type of property is this?
Office units - Office condo for sale, ideal for medical or professional use.
Where is this office units located?
The property is located at 250 Stelton Rd Piscataway, NJ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Leased ground floor office condo providing immediate rental income.; Excellent location on high‑traffic Stelton Road with ample parking.; Suitable for various professional uses (medical, legal, etc.).
