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    North Brunswick Office Condo For Rent Title is generated by Realmo AI

    1600-1604 US Highway 130, North Brunswick, NJ

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    Office condo with elevator access on busy Route 130.

    Type:OFFICE
    Property size:
    1,100 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $240/SF
    Added:
    Aug 9, 2024
    Days on Market:
    690
    Last Refresh:
    May 19 at 8:31 pm

    Property Features for 1600-1604 US Highway 130

    General Information

    Standard status
    Active
    Size
    1,100 SF
    Lot size
    0.10 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 1600-1604 US Highway 130 Contact us

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    Nicholas Savastano
    Nicholas Savastano

    Listing office The Blau & Berg Company

    Listing date Aug 9, 2024

    Source Moodyscre

    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 The Blau & Berg Company

    HighLights

    • Only condo in the office complex with elevator access
    • 5+ offices plus common area
    • Frontage on busy Route 130
    • Ample Parking
    • Taxes approx. $330 a month
    • ±1,100 square foot condo on the second floor

    Overview

    This property features a condominium unit with approximately 1,100 square feet of space, situated on the second floor. The layout includes more than five offices in addition to a common area. As the only condominium in the office complex with elevator access, it offers enhanced accessibility. The property benefits from frontage on Route 130 in North Brunswick and includes ample parking. The monthly tax is approximately $330. This space is suitable for professionals such as lawyers, accountants, realtors, and architects.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $33.0k $30.00
    − Vacancy −$10.6k −$9.60
    EGI $22.4k $20.40
    − OpEx −$5.6k −$5.10
    NOI $16.8k $15.30
    1,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $240.4K
    $210.4K – $280.5K (±1% cap)
    NOI $16,830 @ 7.0% cap · market cap 6.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $287.2K
    $251.3K – $335.1K (±1% cap)
    NOI $20,106 @ 7.0% cap · market cap 7.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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
    North Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4678
    Latitude
    40.4447

    FAQs

    What type of property is this?
    Office units - Office condo with elevator access on busy Route 130.
    Where is this office units located?
    The property is located at 1600-1604 US Highway 130 North Brunswick, NJ.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Only condo in the office complex with **elevator access**; **5+ offices plus common area**; Frontage on busy Route 130
    (973) 768-9030 Call to check price and availability
    More about this property
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