Renovated Basement Office
For Sale
Contact for pricing
1981 Lincoln Highway Rt27, Edison, NJ 08817
Updated lower-level commercial suite suited to professional office or retail use.
Property Size1,500 SF
Price / SF$1.67
Days on Market76
Property Features for 1981 Lincoln Highway Rt27
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Floor
Basement
Listing Agency:
DYNASTY REALTORS
Listed By:
HONG LI
(908) 334-2529
Source:
Thebansalteam
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 15 at 2:27AM
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 DYNASTY REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot basement office suite has been fully renovated and is offered in turn-key condition. The space is positioned for professional office or retail use, providing a ready-to-occupy commercial setting at 1981 Lincoln Highway Rt27 in Edison, New Jersey.
Tenants are responsible for separately metered utilities, while the landlord pays the building insurance. The property is available for sale.
Tenants are responsible for separately metered utilities, while the landlord pays the building insurance. The property is available for sale.
Key Highlights
- 1,500‑square‑foot basement office suite
- Fully renovated commercial space
- Turn‑key condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,503
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,060
$490.1K
Cap Rate 7%
$350,043
$350.0K
Cap Rate 9%
$272,256
$272.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.6K $26.40/SF
− Vacancy
−$6.9K −$4.62/SF
EGI
$32.7K $21.78/SF
− OpEx
−$8.2K −$5.44/SF
NOI
$24.5K $16.33/SF
Area
Edison, NJ
Vacancy
17.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,060
Cap Rate 7%
$350,043
Cap Rate 9%
$272,256
Alternative Uses
Best Use
Office B
$350.0K
$306.3K – $408.4K
NOI $24,503 @ 7.0% cap · market cap 980.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$486.1K
$425.4K – $567.2K
NOI $34,030 @ 7.0% cap · market cap 1,361.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 08817, NJ
48,243
Population
17,260
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
4,551
Density / Sq Mi
$109,734
Median Household Income
$54,631
Median Earnings
$1,946
Median Rent
$411,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Updated lower-level commercial suite suited to professional office or retail use.
Where is this office units located?
The property is located at 1981 Lincoln Highway Rt27 Edison, NJ.
What are key features of this property?
This property features: 1,500‑square‑foot basement office suite; Fully renovated commercial space; Turn‑key condition
