Piscataway Commercial Space
For Sale
Contact for pricing
216 Stelton Road E2, Piscataway, NJ 08854
Versatile commercial space in a convenient, highly visible Piscataway location.
Property Size1,000 SF
Price / SF$2.25
Days on Market228
Property Features for 216 Stelton Road E2
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1987
Listing Agency:
RE/MAX INNOVATION
Listed By:
SIMI KAPOOR · License #1970195
(732) 820-0811
Source:
Mynewjerseyrealestate
Added: Mar 5
Changed: Oct 7
Last Checked: Oct 7 at 3:52PM
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 RE/MAX INNOVATION
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Investment Insights
Based on property information with market context.
Located in Piscataway, Suite E2 at 216 Stelton Road offers a commercial space designed to support a range of professional uses. The property features over 1,000 square feet on the main level, with a fully finished 1,000-square-foot lower level. The main floor includes a reception area, five private offices, a half bath, laundry area, and storage. The finished lower level includes six additional rooms, a half bath, kitchenette, utility area, and storage. The space has new flooring, fresh paint, modernized bathrooms, updated cabinetry, and a new HVAC system. The property has street visibility, accessibility, and on-site parking. Situated along a commercial corridor, the property offers access to I-287, Route 1, the New Jersey Turnpike, and the Garden State Parkway. It is located near public transportation, the Dunellen Train Station, Rutgers University, shopping, and dining. Permitted uses include dental, medical, attorney, accountant, real estate, and other professional offices.
Key Highlights
- Highly visible location on Stelton Road with excellent street exposure.
- Completely renovated and move‑in ready with new flooring, paint, bathrooms, cabinetry, and HVAC.
- Versatile space with 1,000 sq ft on the main level and a fully finished 1,000 sq ft lower level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,300
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,000
$306.0K
Cap Rate 7%
$218,571
$218.6K
Cap Rate 9%
$170,000
$170.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.0K $30.00/SF
− Vacancy
−$9.6K −$9.60/SF
EGI
$20.4K $20.40/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $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%
$306,000
Cap Rate 7%
$218,571
Cap Rate 9%
$170,000
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 680.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 812.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 08854, NJ
60,545
Population
18,069
Households
3.4
Avg Household Size
34
Median Age
50%
College-Educated
92%
High-School Grad
18.9 sq mi
ZIP Area
3,203
Density / Sq Mi
$126,331
Median Household Income
$42,397
Median Earnings
$1,929
Median Rent
$423,900
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?
Office unit - Versatile commercial space in a convenient, highly visible Piscataway location.
Where is this office unit located?
The property is located at 216 Stelton Road E2 Piscataway, NJ.
What are key features of this property?
This property features: Highly visible location on Stelton Road with excellent street exposure.; Completely renovated and move‑in ready with new flooring, paint, bathrooms, cabinetry, and HVAC.; Versatile space with **1,000 sq ft on the main level and a fully finished 1,000 sq ft lower level.**
