Medical Office Space For
For Sale
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234 Bridge St, Metuchen, NJ 08840
Medical office space in Bridge Pointe Complex, great location.
Property Size1,000 SF
Price / SF$1.80
Days on Market228
Property Features for 234 Bridge St
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1989
Listing Agency:
VICKY HSU REALTORS
Listed By:
CHINGWEN HSU · License #9332468
(732) 407-2268
Source:
Thebansalteam
Added: Mar 5
Changed: Oct 15
Last Checked: Oct 7 at 2:59PM
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 VICKY HSU REALTORS
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Investment Insights
Based on property information with market context.
This 1000 square foot property is located in the Bridge Pointe Complex. It is suitable for use as a doctor's office. The ground floor unit offers easy access to major highways.
Key Highlights
- Ground floor unit for easy access.
- Located in the Professional Bridge Pointe Complex.
- Suitable for a Dr. Office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,890
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
$297.8K
Cap Rate 7%
$212,714
$212.7K
Cap Rate 9%
$165,444
$165.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.4K $26.40/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$24.8K $24.82/SF
− OpEx
−$9.9K −$9.93/SF
NOI
$14.9K $14.89/SF
Area
Middlesex County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
Cap Rate 7%
$212,714
Cap Rate 9%
$165,444
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 850.00%
Second Best
Healthcare Medical
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 827.22%
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 1,015.44%
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
897
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08840, NJ
17,841
Population
6,552
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,575
Density / Sq Mi
$150,938
Median Household Income
$72,765
Median Earnings
$1,994
Median Rent
$517,700
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space in Bridge Pointe Complex, great location.
Where is this medical office space located?
The property is located at 234 Bridge St Metuchen, NJ.
What are key features of this property?
This property features: Ground floor unit for easy access.; Located in the Professional Bridge Pointe Complex.; Suitable for a Dr. Office.
