Commercial Office
For Sale
Contact for pricing
51 W Prospect St, East Brunswick, NJ 08816
Office building available at 51 W Prospect St, East Brunswick, with convenient access to highways, public transit, and shopping.
Property Size6,000 SF
Price / SF$0.00
Days on Market549
Property Features for 51 W Prospect St
General Information
Standard status
Active
Size
6,000 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$43,789
Listing Agency:
ORANGE KEY REALTY, INC.
(732) 297-6969
Listed By:
OFIR HILLEL · License #RB-0235299
(908) 720-2303
Source:
Exprealty
Added: Apr 22, 2025
Changed: Oct 16
Last Checked: Oct 21 at 2:33AM
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 ORANGE KEY REALTY, INC.
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Investment Insights
Based on property information with market context.
This commercial office building is available for sale at 51 W Prospect St in East Brunswick. The property encompasses approximately 6,000 square feet and is suited for a range of business uses. The offering is positioned to support day-to-day client access, with a focus on visibility and convenience as described in the remarks.
The location is presented as being near major highways, public transportation, and popular shopping destinations, which can help serve both customers and visiting clients. Easy access is emphasized for those arriving from surrounding corridors.
Please note that the public remarks do not provide further details on interior layout, unit configuration, parking specifics, or current leasing status, so interested parties should confirm those items directly when scheduling a showing.
The location is presented as being near major highways, public transportation, and popular shopping destinations, which can help serve both customers and visiting clients. Easy access is emphasized for those arriving from surrounding corridors.
Please note that the public remarks do not provide further details on interior layout, unit configuration, parking specifics, or current leasing status, so interested parties should confirm those items directly when scheduling a showing.
Key Highlights
- Office building available for lease at 51 W Prospect St, East Brunswick
- Convenient access to major highways
- Close to public transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,000
$1.8M
Cap Rate 7%
$1,311,429
$1.3M
Cap Rate 9%
$1,020,000
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$180.0K $30.00/SF
− Vacancy
−$57.6K −$9.60/SF
EGI
$122.4K $20.40/SF
− OpEx
−$30.6K −$5.10/SF
NOI
$91.8K $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%
$1,836,000
Cap Rate 7%
$1,311,429
Cap Rate 9%
$1,020,000
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 459,000.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 548,350.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building available at 51 W Prospect St, East Brunswick, with convenient access to highways, public transit, and shopping.
Where is this office building located?
The property is located at 51 W Prospect St East Brunswick, NJ.
What are key features of this property?
This property features: Office building available for lease at 51 W Prospect St, East Brunswick; Convenient access to major highways; Close to public transportation
