Add Listing
    For Sale
    • 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

    216 Stelton Rd Piscataway, NJ 8854

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $330,000

    Recently renovated condo ideal for medical or professional office use.

    Type:Commercial
    Property size:
    1,000 SF
    Price / SF:
    $330/SF
    Added:
    Feb 26, 2025
    Days on Market:
    422
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 216 Stelton Rd

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    HATICE SAN

    Listing agent HATICE SAN

    Listing office KELLER WILLIAMS VILLAGE SQUARE

    Listing date Feb 26, 2025

    Source Corcoran

    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 KELLER WILLIAMS VILLAGE SQUARE

    Overview

    Renovated Office Condo For Sale

    This 1,000 square foot condo is suitable for dentists, doctors, physicians, or general professional office use. Previously used as a dental office, the condo has been recently renovated and remodeled with new flooring and paint. It features a new HVAC system and a large, finished, renovated basement. The layout includes three plumbed operator rooms, a bathroom, a lab, and an X-ray room, along with a reception and waiting area. The property offers visibility and accessibility, with parking spaces available for customers and staff.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Logistic Solutions Inc Corporate Office Sapphire Pharma Pharmacy Consumers Title Agency ... Title Company COMM-Insure LLC Insurance Agency Schulman Wiegmann & Associates Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Christopher Laffoon, VMD — 13 Stelton Rd, Piscataway, NJ 08854
    • Quinn G J DVM — 13 Stelton Rd, Piscataway, NJ 08854
    • Piscataway Animal Clinic — 13 Stelton Rd, Piscataway, NJ 08854

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4569
    Latitude
    40.5675

    Nearby Similar for Sale

    • $2,700
      6,547 SF

      Piscataway Commercial Flex Space

      Flex space available in Piscataway, New Jersey.
      1140 Stelton Road, Piscataway, NJ 08854
      View Details
    • $2,350
      1,000 SF

      Renovated Office Space in Piscataway

      Move-in ready office suite with flexible layout and high visibility.
      216 Stelton Road unit: E2, Piscataway, NJ 08854
      View Details
    • $1,450
      3,600 SF

      Piscataway Twp. Medical/Professional Office

      Renovated 1,000 SF suite in high-visibility building, Piscataway business corridor.
      451 S Washington Ave, Piscataway Twp., NJ 08854
      View Details
    • $1,800,000
      7,200 SF

      Piscataway Industrial Building on Acreage

      7,200 SF industrial building on 1.09 acres for sale.
      145 11th St, Piscataway Twp., NJ 08854
      View Details
    • $695,000

      Piscataway Two-Family Home For Sale

      Two-family home in Piscataway with value-add opportunities.
      307 Rock Ave, Piscataway, NJ 08854
      View Details
    • $370,000
      1,100 SF

      Piscataway Twp. Office Condo

      Ground floor office condo for sale, ideal for various businesses.
      250 Stelton Rd, Piscataway Twp., NJ 08854-3285
      View Details
    • $330,000
      1,000 SF

      Piscataway Commercial Condo For Sale

      Recently renovated commercial condo ideal for medical or professional office.
      216 Stelton Road unit: 4E, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Twp. Commercial Office Condo

      Renovated condo ideal for medical or professional office use.
      216 Stelton Rd, Piscataway Twp., NJ 08854-3284
      View Details
    • Contact for pricing
      3,380 SF

      Medical Office Condos For Sale

      Medical office condos in Central Jersey Medical & Professional complex.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      3,380 SF

      Medical Office Condos For Sale

      Medical office condos in Central Jersey Medical & Professional complex.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • $4,950,000
      16,452 SF

      Medical Building For Sale

      Two-story medical building with diverse tenants and investment potential.
      1100 Centennial, Piscataway, NJ 08854
      View Details
    • $389,000
      1,159 SF

      Updated Townhome Near Transportation

      Move-in ready 2-bed, 2-bath townhome in Piscataway.
      1105 Jesse Way, Piscataway Twp., NJ 08854
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Recently renovated condo ideal for medical or professional office use.
    Where is this medical office space located?
    The property is located at 216 Stelton Rd Piscataway, NJ.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Turnkey dental office setup with **3 plumbed operatories, lab, and X‑ray room.**; Recently renovated and remodeled with **new flooring, paint, and HVAC system.**; Prime business location ideal for medical or professional office use.
    (201) 445-4300
    We can help!
    Listing Contact
    HATICE SAN
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!