Add Listing
    For Lease
    • 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

    1550 Park Ave unit 202 South Plainfield, NJ 7080

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,450 /Mo

    854 sq ft office suite with reception area.

    Type:Commercial
    Property size:
    854 SF
    Lot size:
    0.60 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    62
    Last Refresh:
    Mar 26 at 2:37 am

    Property Features for 1550 Park Ave unit 202

    General Information

    Standard status
    Active
    Size
    854 SF
    Lot size
    0.60 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    MILDRED CORREA

    Listing agent MILDRED CORREA

    Listing office KELLER WILLIAMS TOWNE SQUARE REAL

    Listing date Jan 29, 2026

    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 TOWNE SQUARE REAL

    Overview

    Professional Office Suite For Rent

    This professional office suite offers 854 square feet of space on the second floor of a building located at 1550 Park Avenue in South Plainfield. The suite features a functional layout that includes 2 private offices and a dedicated reception area. The building is positioned on a corner lot and provides accessibility via an on-site mechanical lift. Extensive unassigned paved parking is available for tenants and clients. Lease terms are negotiable, ranging from one to over five years. The monthly rent is $1,450. The landlord is responsible for landscaping, common area maintenance, sewer, trash, and water. Tenants are responsible for electric, heating, cooling, and 8% of annual property taxes over 20K. The suite is available for immediate occupancy by agreement.
    Location Intelligence

    Current Use by Public Records

    Sara Kim Dental Office Dr. Santiago Caasi Pediatrician Kelly Lewis Dental Office Dr. James Pietrofesa Dental Office Dr. Nicholas Capogrosso Dental Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Plainfield
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.402
    Latitude
    40.5991

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Suite For Rent

      983 sq ft office suite with reception and conference room.
      1510 Park Ave, South Plainfield Boro, NJ 07080-5521
      View Details
    • Contact for pricing

      Professional Office Suite For Rent

      854 sq ft office suite with reception area available now.
      1550 Park Ave unit 202, South Plainfield Boro, NJ 07080-5565
      View Details
    • Sponsored
      Contact for pricing

      NJ, South Plainfield - Hadley Rd

      3000 Hadley Rd, Unit 3RD, South Plainfield, NJ 07080
      View Details
    • Contact for pricing

      Modern Office Suites For Lease

      New construction office suites with versatile open floor plans.
      1400 Hamilton Blvd Unit, South Plainfield Boro, NJ 07080
      View Details
    • Contact for pricing

      Professional Office Spaces For Rent

      Newly constructed office spaces with open floor plan and parking.
      1400 Hamilton Blvd, South Plainfield Boro, NJ 07080
      View Details
    • $23/mo

      Retail Space in LaCosta Plaza

      1,350 SF retail space in South Plainfield, NJ.
      2313-2325 Plainfield Avenue, South Plainfield, NJ 07080
      View Details
    • $16/mo

      Second Floor Office Space Available

      12,500 SF office space with easy highway access.
      200 Helen Street, South Plainfield, NJ 07080
      View Details
    • Contact for pricing

      Industrial Flex Space Near I-287

      6,073 SF flex space with 1,378 SF office component.
      4700 S Clinton Ave, South Plainfield, NJ 07080
      View Details
    • Contact for pricing

      Versatile Commercial Space For Rent

      1,500 sq ft commercial space ideal for retail/office use.
      189 Front St, South Plainfield Boro, NJ 07080
      View Details
    • Contact for pricing

      Industrial Space Near I-287

      Industrial property with 6,073 SF building and 2.6-acre site.
      4700 S Clinton Ave, South Plainfield, NJ 07080
      View Details
    • Contact for pricing

      Retail Space on Stelton Road

      Retail space available in a high-traffic shopping center.
      4901 Stelton Rd, South Plainfield, NJ
      View Details
    • $37/mo

      Retail Space on Clinton Avenue

      Retail space available for lease in South Plainfield, NJ.
      704 Clinton Ave, South Plainfield, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - 854 sq ft office suite with reception area.
    Where is this office units located?
    The property is located at 1550 Park Ave unit 202 South Plainfield, NJ.
    What is the lease rate?
    The lease rate is $1,450 /Mo.
    What are key features of this property?
    This property features: Functional layout featuring 2 private offices and a dedicated reception area.; Excellent accessibility with an on‑site mechanical lift.; Extensive unassigned paved parking for tenants and clients.
    (908) 766-0085
    We can help!
    Listing Contact
    MILDRED CORREA
    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!