Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2350 South Ave Scotch Plains, NJ 07076

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contract
    $20 SF/Yr

    Professionally finished commercial space suitable for various business types.

    Lot size:
    0.37 Acres

    Property Features for 2350 South Ave

    General Information

    Standard status
    Contract
    Lot size
    0.37 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Tamatha A Costello
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS REALTY Listing Agent: Tamatha A Costello

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Adaptable Commercial Space For Rent

    Available for rent is a 1,812 square foot commercial space that is professionally finished and highly adaptable. The space is suitable for medical, healthcare, professional services, or general office use. The layout is currently designed for medical applications but can be adapted for law, finance, wellness, or other professional practices. On-site parking is available for clients and staff. Additional basement storage is available at a negotiable rate. The premises can be subdivided into individual or smaller offices. The property is located near essential amenities and services.
    Location Intelligence

    Current Use by Public Records

    Metropolitan Dermatology - Scotch ... Physician Cosmetic Dermatology Physician Dr. Robbie Drossner ... Physician Home Improvement by ... Hardware & Home Improvement Skin Deep of scotch ... Spa & Massage Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Fanwood Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Scotch Plains
    County
    Union
    State
    New Jersey
    Longitude
    -74.368427
    Latitude
    40.6457089

    Nearby Similar for Lease

    • $900 /Mo
      10,454 SF

      Renovated Office Space For Rent

      Renovated office space in Scotch Plains Twp., NJ for rent.
      Twp Scotch Pln, Scotch Plains, NJ 07076
      View Details
    • $1,300 /Mo
      10,454 SF

      Renovated Office Space Available

      Newly renovated office space for lease with excellent access.
      Twp Scotch Pln, Scotch Plains, NJ 07076
      View Details
    • $1,100 /Mo
      10,454 SF

      Renovated Office Space For Rent

      Renovated office space available in Scotch Plains Twp., NJ.
      Twp Scotch Pln, Scotch Plains, NJ 07076
      View Details
    • $2,250 /Mo
      10,454 SF

      Office Space in Scotch Plains

      Private office with reception, bath, and parking near Route 22.
      219 Park Ave, Scotch Plains, NJ 07076
      View Details
    • $20 SF/Yr
      Pending

      Adaptable Commercial Space For Rent

      Professionally finished commercial space suitable for medical or professional services.
      2350 South Ave, Scotch Plains, NJ 07076
      View Details
    • $1,600 /Mo

      Downtown Scotch Plains Commercial Space

      Efficient workspace ideal for medical, office, or retail use.
      1814 East 2Nd St, Scotch Plains, NJ 07076
      View Details
    • $2,200 /Mo

      High-Visibility Retail Space on Route 22

      700 sq ft retail space with high traffic exposure.
      1943 Us Highway 22, Scotch Plains, NJ 07076
      View Details
    • $1,700 /Mo

      Renovated Office Space Available

      Renovated office space on a highly traveled road.
      2504 Plainfield Ave, Scotch Plains, NJ 07076
      View Details
    • $2,250 /Mo

      Downtown Scotch Plains Office Space

      Private office with reception, multiple rooms, and parking.
      219 Park Ave, Scotch Plains, NJ 07076
      View Details
    • $25 SF/Yr

      460 Park Ave, Scotch Plains Twp., NJ 07076-1716

      Office Units
      460 Park Ave, Scotch Plains, NJ 07076
      View Details
    • $22 SF/Yr

      Prime Medical Space Available

      6,000 SF medical space with subdivision potential.
      1801 E 2Nd St, Scotch Plains, NJ 07076
      View Details
    • $25 SF/Yr

      Professional Office Space for Rent

      Office space with natural light, hardwood floors, and private restroom.
      460 Park Ave, Scotch Plains, NJ 07076
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professionally finished commercial space suitable for various business types.
    Where is this medical office space located?
    The property is located at 2350 South Ave Scotch Plains, NJ.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready, professionally finished commercial space (1,812 sq ft) suitable for medical, healthcare, professional services, or general office use.; - Versatile layout easily adaptable for various professional practices (law, finance, wellness, etc.).; - Excellent on-site parking for clients and staff.
    (908) 233-8502
    Request Owner's contact information
    2350 South Ave Scotch Plains, NJ 07076
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 South Ave
    Scotch Plains, NJ 07076
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2350 South Ave Scotch Plains, NJ 07076
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tamatha A Costello
    (908) 233-8502
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!