Open-Plan Office
For Sale
Contact for pricing
2-159 Main Street, East Brunswick, NJ 08816
Second-floor workspace includes a separate entrance, half bathroom, and three on-site parking spaces.
Property Size2,520 SF
Price / SF$0.40
Days on Market13
Property Features for 2-159 Main Street
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
3
Additional Details
Floor
2
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$16,368
Listing Agency:
WEICHERT CO REALTORS
(732) 254-1700
Listed By:
SLOANE M. WEINSTEIN · License #0565593
(732) 995-4289
Source:
Exprealty
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 4:08PM
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 WEICHERT CO 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 second-floor office suite has an open layout and was recently repainted in neutral tones. It includes a private entrance, a half bathroom, and three on-site parking spaces. A deli occupies the ground floor of the commercial building.
A neighboring office suite is also available, with several rooms, a separate entrance, and its own half bathroom. An interior doorway connects the two suites, allowing them to operate as a larger office configuration. The property is on Main Street near Route 18 and Old Bridge Turnpike in East Brunswick.
A neighboring office suite is also available, with several rooms, a separate entrance, and its own half bathroom. An interior doorway connects the two suites, allowing them to operate as a larger office configuration. The property is on Main Street near Route 18 and Old Bridge Turnpike in East Brunswick.
Key Highlights
- Second‑floor office suite with open‑plan layout
- Private entrance and half bathroom
- Three on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,556
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,120
$771.1K
Cap Rate 7%
$550,800
$550.8K
Cap Rate 9%
$428,400
$428.4K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$75.6K $30.00/SF
− Vacancy
−$24.2K −$9.60/SF
EGI
$51.4K $20.40/SF
− OpEx
−$12.9K −$5.10/SF
NOI
$38.6K $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 Rate 5%
$771,120
Cap Rate 7%
$550,800
Cap Rate 9%
$428,400
Alternative Uses
Best Use
Office B
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 3,855.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.0K
$575.8K – $767.7K
NOI $46,062 @ 7.0% cap · market cap 4,606.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace includes a separate entrance, half bathroom, and three on-site parking spaces.
Where is this office unit located?
The property is located at 2-159 Main Street East Brunswick, NJ.
What are key features of this property?
This property features: Second‑floor office suite with open‑plan layout; Private entrance and half bathroom; Three on‑site parking spaces
