Fifth-Floor Medical
For Sale
$300,000
2 State Route 27, Edison, NJ 08820
Commercial Sale, Edison, NJ
Property Size857 SF
Price / SF$350.06
Days on Market141
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
Additional Details
Property Use
Medical Office
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
Listed By:
Sanjeev Aneja
(732) 494-2211
Added: Jun 18
Changed: Oct 23
Last Checked: Nov 5 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
This 857-square-foot medical office condo occupies the fifth floor of the Levinson Building at 2 State Route 27. The suite includes 3 exam rooms, dropped ceilings, linoleum and ceramic tile flooring, forced-air heating, and central air conditioning. An elevator with accessible installation serves the building, and parking is available in the on-site lot. The property was built in 1985 and has a flat roof, public water, and public sewer.
The Edison location is minutes from Hackensack Meridian Hospital (JFK), with access to major highways and Metro Park Train Station. The property carries EI zoning and provides a purpose-built setting for medical office operations.
The Edison location is minutes from Hackensack Meridian Hospital (JFK), with access to major highways and Metro Park Train Station. The property carries EI zoning and provides a purpose-built setting for medical office operations.
Key Highlights
- 857 square feet of medical office space on the fifth floor
- 3 exam rooms within the medical office condo
- Accessible elevator installed in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,999
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,980
$280.0K
Cap Rate 7%
$199,986
$200.0K
Cap Rate 9%
$155,544
$155.5K
Market Conditions
NOI Build-Up for 857 SF
Gross rent
$22.6K $26.40/SF
− Vacancy
−$4.0K −$4.62/SF
EGI
$18.7K $21.78/SF
− OpEx
−$4.7K −$5.44/SF
NOI
$14.0K $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%
$279,980
Cap Rate 7%
$199,986
Cap Rate 9%
$155,544
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical suite with three exam rooms, elevator access, on-site parking, and central air.
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: 857 square feet of medical office space on the fifth floor; 3 exam rooms within the medical office condo; Accessible elevator installed in the building
