Medical Office Condo with
For Sale
$300,000
2 State Route 27, Edison, NJ 08820
COMMERCIAL - Edison, NJ
Property Size857 SF
Price / SF$350.06
Days on Market49
Property Features for 2 State Route 27
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EI
Parking
200
Parking features
Parking Lot
Interior features
Dropped Ceiling, Elevator
Accessibility
Accessible Elevator Installed
Lot features
Near Shopping, Near Train, Highway Location
Directions
Rt 27 South, near James/Parsonage street
Standard status
Active
APN
0500643310001728C0507
Size
857 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5864
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
5
Flooring type
Tile - Ceramic, Linoleum, Dropped ceiling, Elevator
Roof type
Flat
Listing Agency:
ON TRACK REALTY
(732) 494-2211
Listed By:
Sanjeev Aneja
732-494-2211x111
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 5 at 5:06PM
MLS# 2617823R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fifth-floor medical office condo in the Levinson Building, featuring three exam rooms and elevator access. Interior features include a dropped ceiling, with flooring finishes noted as linoleum and ceramic tile. The space is served by forced air heating and central air conditioning, and the building has a flat roof. Accessibility is supported by an accessible elevator installed. Parking is provided on site via a parking lot.
The property is zoned EI and is in Edison, New Jersey at 2 State Route 27. Public water and public sewer service are noted. The location offers easy access to major highways and the Metro Park Train Station, and Hackensack Meridian Hospital (JFK) is described as minutes away.
The year built is listed as 1985. The desired closing date is October/November 2026.
The property is zoned EI and is in Edison, New Jersey at 2 State Route 27. Public water and public sewer service are noted. The location offers easy access to major highways and the Metro Park Train Station, and Hackensack Meridian Hospital (JFK) is described as minutes away.
The year built is listed as 1985. The desired closing date is October/November 2026.
Key Highlights
- Fifth‑floor medical office condo in the Levinson Building with three exam rooms
- 857 SF medical office condo space
- Elevator in the building and accessible elevator installed
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 | $22.6k | $26.40 |
| − Vacancy | −$4.0k | −$4.62 |
| EGI | $18.7k | $21.78 |
| − OpEx | −$4.7k | −$5.44 |
| NOI | $14.0k | $16.33 |
857 SF · lease $26.40/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$200.0K
$175.0K – $233.3K
NOI $13,999 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$172.2K
$150.6K – $200.9K
NOI $12,051 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$277.8K
$243.0K – $324.1K
NOI $19,443 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08820, NJ
41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fifth-floor medical office condo with three exam rooms, elevator access, and ample on-site parking in the Levinson Building.
Where is this medical office space located?
The property is located at 2 State Route 27 Edison, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Fifth‑floor medical office condo in the Levinson Building with three exam rooms; 857 SF medical office condo space; Elevator in the building and accessible elevator installed
