226 Us 1 Highway, Edison, NJ 08817
Highly visible mixed-use property on Route 1 with income potential.
- Added:
- Apr 4, 2024
- Days on Market:
- 825
- Last Refresh:
- May 12 at 9:42 pm
Property Features for 226 Us 1 Highway
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Property subtype
- Retail, Office
Listing office KELLER WILLIAMS CORNERSTONE
Listing date Apr 4, 2024
Source Crexi
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 KELLER WILLIAMS CORNERSTONE
HighLights
- High visibility location on heavily traveled Route 1 North.
- Potential annual gross income of $186,720.
- Total of approximately 8,700 SF of commercial space.
- High ceiling basement of approximately 4,000 SF.
- Diverse tenant mix including Restaurant, Bridal Shop, Barber Shop, Massage Spa, and Offices.
- Recently coated and striped parking lot with 23‑25 spaces.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.7k | $26.40 |
| − Vacancy | −$40.2k | −$4.62 |
| EGI | $189.5k | $21.78 |
| − OpEx | −$47.4k | −$5.44 |
| NOI | $142.1k | $16.33 |
Alternative Uses
Current Use by Public Records
Map
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.3955
- Latitude
- 40.5175
