Freestanding Retail Office
For Sale
$750,000
136 Stelton Road, Piscataway, NJ 08854
COMMERCIAL - Piscataway, NJ
Property Size1,600 SF
Lot Size0.17 Acres
Price / SF$468.75
Days on Market103
Property Features for 136 Stelton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
11
Interior features
Storage
Directions
Located on Stelton Rd, minutes from Routes 287 and 22 via South Washington Ave.
Standard status
Active
APN
170190300000000701
Size
1,600 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5829
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Roof type
Flat
Additional Structures
Storage
Listing Agency:
DAVIS REALTORS
(732) 254-6700
Listed By:
Brian Walsh
(732) 254-6700
Added: May 4
Changed: Aug 4
Last Checked: Aug 14 at 3:06PM
MLS# 2615153R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale, a freestanding 1,600 SF retail/office building with all space on one ground level. The interior features a wide-open layout with a strong window line designed to bring in natural light and support tenant signage needs. The exterior includes front and side entrances and dedicated on-site parking, with 11 spaces recently paved.
The property is located on Stelton Road in Piscataway, centrally positioned for convenient access to major highways via Routes 22 and 287. It offers visible branding opportunities with a large pylon sign and facade signage, and the overall site measures 50' x 100'.
Zoned for commercial use (Zoning C), the property is presented as suitable for a variety of retail, medical office, and professional office uses, as noted in the offering. This standalone configuration and single-level accessibility can accommodate operations that benefit from straightforward customer or patient access.
The property is located on Stelton Road in Piscataway, centrally positioned for convenient access to major highways via Routes 22 and 287. It offers visible branding opportunities with a large pylon sign and facade signage, and the overall site measures 50' x 100'.
Zoned for commercial use (Zoning C), the property is presented as suitable for a variety of retail, medical office, and professional office uses, as noted in the offering. This standalone configuration and single-level accessibility can accommodate operations that benefit from straightforward customer or patient access.
Key Highlights
- Prime location on busy Stelton Rd with easy access to Routes 22 and 287.
- 1,600 SF freestanding building with customizable open floorplan suitable for retail, medical, or professional office uses.
- Abundant on‑site parking with 11 dedicated spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$48.0K $30.00/SF
− Vacancy
−$15.4K −$9.60/SF
EGI
$32.6K $20.40/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 3.26%
Second Best
Healthcare Medical
$340.3K
$297.8K – $397.1K
NOI $23,823 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 08854, NJ
60,545
Population
18,069
Households
3.4
Avg Household Size
34
Median Age
50%
College-Educated
92%
High-School Grad
18.9 sq mi
ZIP Area
3,203
Density / Sq Mi
$126,331
Median Household Income
$42,397
Median Earnings
$1,929
Median Rent
$423,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding 1,600 SF ground-level building with an open floorplan, extensive windows, and dedicated on-site parking.
Where is this retail space located?
The property is located at 136 Stelton Road Piscataway, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location on busy Stelton Rd with easy access to Routes 22 and 287.; 1,600 SF freestanding building with customizable open floorplan suitable for retail, medical, or professional office uses.; Abundant on‑site parking with 11 dedicated spaces.
