Fully Built-Out Medical Office
For Sale
$1,500,000
2 State Route 27 Highway, Edison, NJ 08820
COMMERCIAL - Edison, NJ
Property Size3,800 SF
Lot Size0.26 Acres
Price / SF$394.74
Days on Market148
Property Features for 2 State Route 27 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EI
Parking
100
Parking features
Parking Lot, Garage
Interior features
Appliances, Fixtures, Furniture, Office Equipment, Elevator, Lighting Fixtures
Accessibility
Accessible Elevator Installed
Appliances
Appliances
Lot features
Business District
Standard status
Active
APN
0500643310001728C0100
Size
3,800 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
25744
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning and heating
natural light
Wi-Fi
hardwood floors
great lighting
pantry/kitchen
recessed lighting
open plan
24/7 access
Building Details
Year built
1987
Floors in Building
5
Flooring type
Tile, Elevator, Lighting fixtures, Wood, Concrete
Building materials
Concrete
Roof type
Asphalt
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(732) 494-7700
Listed By:
Ying Gautreau
(732) 494-7700
Added: Mar 14
Changed: Aug 7
Last Checked: Aug 8 at 1:06AM
MLS# 2661471M
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.
This 3,800 square foot medical office suite is located in a high-rise A-class building and is move-in ready for professional use. The space is fully built-out as a standard office and is set up for a doctor office, with furniture and office equipment included. Interior features include an open-plan layout with recessed lighting and a pantry/kitchen area, along with hardwood-like flooring, tile, concrete, and lighting fixtures. Central air conditioning and heat pump heating are included, and the space offers 24/7 access.
Access is streamlined with a ground floor entrance direct to the unit, and the building includes an accessible elevator. The property is supported by public water and public sewer, and it has an asphalt roof. Ample parking is available onsite, and the suite is positioned next to JFK hospital.
Built in 1987 with concrete construction, the suite includes elevator access and multiple office-ready elements such as fixtures, lighting, and office equipment, making it well-suited for immediate occupancy.
Access is streamlined with a ground floor entrance direct to the unit, and the building includes an accessible elevator. The property is supported by public water and public sewer, and it has an asphalt roof. Ample parking is available onsite, and the suite is positioned next to JFK hospital.
Built in 1987 with concrete construction, the suite includes elevator access and multiple office-ready elements such as fixtures, lighting, and office equipment, making it well-suited for immediate occupancy.
Key Highlights
- 3,800 square foot medical office suite in a high‑rise A‑class building
- Fully built‑out for a doctor office with furniture and office equipment included
- Central air conditioning plus heat pump heating with recessed lighting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,460
$1.2M
Cap Rate 7%
$886,757
$886.8K
Cap Rate 9%
$689,700
$689.7K
Market Conditions
NOI Build-Up for 3,800 SF
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.
Gross rent
$100.3K $26.40/SF
− Vacancy
−$17.6K −$4.62/SF
EGI
$82.8K $21.78/SF
− OpEx
−$20.7K −$5.44/SF
NOI
$62.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,241,460
Cap Rate 7%
$886,757
Cap Rate 9%
$689,700
Alternative Uses
Best Use
Office B
$886.8K
$775.9K – $1.03M
NOI $62,073 @ 7.0% cap · market cap 4.14%
Second Best
Healthcare Medical
$763.3K
$667.9K – $890.6K
NOI $53,434 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,210 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
389
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 - Zoned EI and set up for a doctor office with central air, heat pump heating, and recessed open-plan layout.
Where is this medical office space located?
The property is located at 2 State Route 27 Highway Edison, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,800 square foot medical office suite in a high‑rise A‑class building; Fully built‑out for a doctor office with furniture and office equipment included; Central air conditioning plus heat pump heating with recessed lighting throughout
