First-Floor Office Unit with
For Sale
Contact for pricing
214 S Main St, Milltown, NJ 08850
Office space includes supplemental storage, rear access, and use of a large on-site parking area.
Property Size800 SF
Price / SF$2.72
Days on Market97
Property Features for 214 S Main St
General Information
Standard status
Active
Size
800 SF
Additional Details
Floor
First Floor and Basement
Building Details
Year Built
1947
Listing Agency:
CENTURY 21 BURKE REALTY
Listed By:
JOHN H. BURKE, ANN MARIE BURKE · License #3522589
(305) 796-9906
Source:
Goldstandardrealty
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 3:10PM
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 CENTURY 21 BURKE REALTY
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Investment Insights
Based on property information with market context.
This 800 SF office unit occupies the first floor of a 1947 building and includes a full basement for additional storage. A rear entrance provides direct access to the parking area, supporting convenient movement between the office and exterior space.
The property fronts S Main Street in Milltown, New Jersey, with street exposure and a large parking lot serving the building. The combination of first-floor workspace, basement storage, rear access, and on-site parking creates a practical configuration for office operations.
The property fronts S Main Street in Milltown, New Jersey, with street exposure and a large parking lot serving the building. The combination of first-floor workspace, basement storage, rear access, and on-site parking creates a practical configuration for office operations.
Key Highlights
- 800 SF first‑floor office unit
- Full basement provides additional storage
- Rear entrance connects directly to the parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,240
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,800
$244.8K
Cap Rate 7%
$174,857
$174.9K
Cap Rate 9%
$136,000
$136.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$24.0K $30.00/SF
− Vacancy
−$7.7K −$9.60/SF
EGI
$16.3K $20.40/SF
− OpEx
−$4.1K −$5.10/SF
NOI
$12.2K $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%
$244,800
Cap Rate 7%
$174,857
Cap Rate 9%
$136,000
Alternative Uses
Best Use
Office B
$174.9K
$153.0K – $204.0K
NOI $12,240 @ 7.0% cap · market cap 562.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 672.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
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Business Placement
Demographics for 08850, NJ
8,325
Population
3,165
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,620
Density / Sq Mi
$127,331
Median Household Income
$60,938
Median Earnings
$1,520
Median Rent
$436,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space includes supplemental storage, rear access, and use of a large on-site parking area.
Where is this office unit located?
The property is located at 214 S Main St Milltown, NJ.
What are key features of this property?
This property features: 800 SF first‑floor office unit; Full basement provides additional storage; Rear entrance connects directly to the parking area
