Office Condo with Private
New
For Sale
$229,775
21 CLYDE RD #201 201, Franklin Township, NJ 08873
Second-floor suite includes a reception area, kitchenette, and dedicated restroom.
Property Size1,311 SF
Price / SF$175.27
Days on Market2
Property Features for 21 CLYDE RD #201 201
General Information
Standard status
Active
Size
1,311 SF
Additional Details
Floor
Second Floor
Public Transit
Yes
Listing Agency:
Corcoran Sawyer Smith - Princeton
(609) 737-1500
Listed By:
Trish Biren Shah · License #2297898 (NJ)
(908) 246-0178
Source:
Sandrasellstheshore
Added: Oct 19
Last Checked: Oct 19 at 5:36AM
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 Corcoran Sawyer Smith - Princeton
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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 condominium at 21 Clyde Road contains approximately 1,311 square feet. Its layout includes a reception area, as many as seven private offices with windows, a kitchenette, and a private restroom. The suite can also accommodate a medical-office layout with exam rooms.
The Professional Center at Somerset provides 50 or more parking spaces outside the building. The HOA manages common-area upkeep, including landscaping, snow removal, and parking-lot maintenance. The property has access to Routes 287, 206, 27, and 1, as well as train stations and Rutgers University.
The Professional Center at Somerset provides 50 or more parking spaces outside the building. The HOA manages common-area upkeep, including landscaping, snow removal, and parking-lot maintenance. The property has access to Routes 287, 206, 27, and 1, as well as train stations and Rutgers University.
Key Highlights
- Approximately 1,311 square feet
- Up to seven windowed private offices
- Reception area, kitchenette, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,058
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,160
$401.2K
Cap Rate 7%
$286,543
$286.5K
Cap Rate 9%
$222,867
$222.9K
Market Conditions
NOI Build-Up for 1,311 SF
Gross rent
$39.3K $30.00/SF
− Vacancy
−$12.6K −$9.60/SF
EGI
$26.7K $20.40/SF
− OpEx
−$6.7K −$5.10/SF
NOI
$20.1K $15.30/SF
Area
Somerset 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%
$401,160
Cap Rate 7%
$286,543
Cap Rate 9%
$222,867
Alternative Uses
Best Use
Office B
$286.5K
$250.7K – $334.3K
NOI $20,058 @ 7.0% cap · market cap 8.73%
Second Best
Healthcare Medical
$278.9K
$244.0K – $325.3K
NOI $19,520 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 10.43%
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
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor suite includes a reception area, kitchenette, and dedicated restroom.
Where is this office unit located?
The property is located at 21 CLYDE RD #201 201 Franklin Township, NJ.
What is the asking price?
The asking price for this property is $229,775.
What are key features of this property?
This property features: Approximately 1,311 square feet; Up to seven windowed private offices; Reception area, kitchenette, and private restroom
