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    Renovated East Brunswick Professional Building Title is generated by Realmo AI

    180 Tices Ln, East Brunswick, NJ 08816

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    Newly renovated 17,000 sq ft building in East Brunswick.

    Type:Office
    Property size:
    17,000 SF
    Lot size:
    2.70 Acres
    Added:
    Aug 15, 2024
    Days on Market:
    658
    Last Refresh:
    May 12 at 9:47 pm

    Property Features for 180 Tices Ln

    General Information

    Standard status
    Active
    Size
    17,000 SF
    Lot size
    2.70 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 180 Tices Ln Contact us

    101D $14/Mo

    Size
    500 SF
    Type
    Office
    Newly renovated office for lease
    Contact us

    Suite 104C $14/Mo

    Size
    500 SF
    Type
    Office
    500 SQ ft private office with windowsnWaiting room /reception arean$500/month
    Contact us

    Suite 102 $17/Mo

    Size
    1,200 SF
    Type
    Office
    3 large private offices newly renovated with bullpen
    Contact us

    Available Space 9 $16/Mo

    Size
    2,000 SF
    Type
    Office
    Newly renovated medical office with 3 exam rooms and private office nLarge reception...
    show more
    Contact us

    Suite 103A $23/Mo

    Size
    500 SF
    Type
    Office
    Large office with crown moldings and high end Caroet/shades professionally painted...
    show more
    Contact us

    Suite 104 $18/Mo

    Size
    1,000 SF
    Type
    Office
    3 large private officesnReception/waiting room/bullpenn$1,675/month
    Contact us

    Suite 100 $18/Mo

    Size
    1,000 SF
    Type
    Office
    Newly renovated -3 exam rooms and waiting room- new high end commercial tile floor,...
    show more
    Contact us

    Suite 101C $12/Mo

    Size
    400 SF
    Type
    Office
    90 SQ ft private office with windows nWaiting room /reception areanInternet and all...
    show more
    Contact us

    Suite 105 $17/Mo

    Size
    1,200 SF
    Type
    Office
    2 large offices and bullpenn$1,675/month
    Contact us
    Show more

    We can help!

    Listing Contact
    George Smith

    Listing agent George Smith License #FLBO

    Listing office GPS Property Management

    Listing date Aug 15, 2024

    Source Crexi

    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 GPS Property Management

    HighLights

    • Newly renovated 17,000 sq ft building
    • Situated on a 2.7 acre property
    • All CAM charges included in rent
    • Wifi included in rent
    • Located in East Brunswick
    • Built in 1989

    Overview

    This is a newly renovated 17,000 sq ft building situated on 2.7 acres. It is located in East Brunswick. The property is known as the East Brunswick Professional Building. All CAM charges are included in the rent, and WiFi is included in the rent for building A.
    Property Profile Location Intelligence

    Current Use by Public Records

    Finbothub Loan Service New Jersey Videography Film Production Core Spine and Wellness Alternative Medicine Practice MIT Acupuncture. Maria ... Alternative Medicine Practice Saleem Brown Foster Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4236368
    Latitude
    40.4552932

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    FAQs

    What type of property is this?
    Office building - Newly renovated 17,000 sq ft building in East Brunswick.
    Where is this office building located?
    The property is located at 180 Tices Ln East Brunswick, NJ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated 17,000 sq ft building; Situated on a 2.7 acre property; All CAM charges included in rent
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George Smith
    Real Estate License ID: FLBO
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    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
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