Office Unit with Private
For Sale
Contact for pricing
863 Georges Rd, Monmouth Junction, NJ
Vacant office space with shared utilities, parking, restrooms, kitchen area, classroom, and private office.
Property Size3,212 SF
Price / SF$0.68
Days on Market2471
Property Features for 863 Georges Rd
General Information
Standard status
Active
Size
3,212 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$10,260
Amenities
shared restrooms
shared kitchen area
large classroom
private office
private entrance
Listing Agency:
ORANGE KEY REALTY, INC.
(732) 297-6969
Listed By:
OFIR HILLEL · License #RB-0235299
(908) 720-2303
Source:
Exprealty
Added: Jan 10, 2020
Changed: Oct 8
Last Checked: Oct 15 at 1:31AM
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 vacant office unit occupies the rear portion of an office building and includes its own private entrance. The layout features a private office along with access to a large classroom, supporting a range of workplace and instructional functions.
Utilities, restrooms, kitchen facilities, and parking are shared. The property is located at 863 Georges Rd in Monmouth Junction, New Jersey, providing a defined office setting with shared building amenities.
Utilities, restrooms, kitchen facilities, and parking are shared. The property is located at 863 Georges Rd in Monmouth Junction, New Jersey, providing a defined office setting with shared building amenities.
Key Highlights
- Private entrance serving the rear office unit
- Large shared classroom included with the space
- Private office within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,144
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,880
$982.9K
Cap Rate 7%
$702,057
$702.1K
Cap Rate 9%
$546,044
$546.0K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$96.4K $30.00/SF
− Vacancy
−$30.8K −$9.60/SF
EGI
$65.5K $20.40/SF
− OpEx
−$16.4K −$5.10/SF
NOI
$49.1K $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%
$982,880
Cap Rate 7%
$702,057
Cap Rate 9%
$546,044
Alternative Uses
Best Use
Office B
$702.1K
$614.3K – $819.1K
NOI $49,144 @ 7.0% cap · market cap 2,233.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.7K
$733.9K – $978.5K
NOI $58,710 @ 7.0% cap · market cap 2,668.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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Business Placement
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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 units - Vacant office space with shared utilities, parking, restrooms, kitchen area, classroom, and private office.
Where is this office units located?
The property is located at 863 Georges Rd Monmouth Junction, NJ.
What are key features of this property?
This property features: Private entrance serving the rear office unit; Large shared classroom included with the space; Private office within the unit
