Office Condo with Reception
For Sale
$370,000
250 Stelton Rd #3, Piscataway, NJ 08854
Ground-floor layout includes three office areas, a conference room, waiting space and kitchenette.
Property Size1,100 SF
Price / SF$336.36
Days on Market596
Property Features for 250 Stelton Rd #3
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
BPII
Additional Details
Floor
Ground Floor
Road Access
Yes
Office Units
1
Property Use
Office
Building Details
Building Size
1,100 SF
Year Built
1989
Buildings
1
Stories
1
Units
1
Listing Agency:
Hallmark Realtors
(800) 359-3398
Listed By:
Felix Cabral
(732) 429-4097
Source:
Culturaunitedrealty
Added: Mar 6, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:53PM
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 Hallmark Realtors
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Investment Insights
Based on property information with market context.
This 1,100-square-foot office condo occupies the ground floor of an eight-unit building constructed in 1989. Its layout includes three office spaces, a consulting or conference room, reception and waiting areas, a storage closet, kitchenette and restroom. Interior carpet and paint were updated by a previous tenant. The property is zoned BPII, and quarterly CAM charges cover maintenance and services.
The office is on Stelton Road, near local businesses and residential complexes. The property information identifies medical and dental offices, wellness services, professional offices and general office use as potential applications.
The office is on Stelton Road, near local businesses and residential complexes. The property information identifies medical and dental offices, wellness services, professional offices and general office use as potential applications.
Key Highlights
- 1,100‑square‑foot ground‑floor office condo
- Three office spaces plus a consulting or conference room
- Reception area, waiting room, storage closet, kitchenette and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,830
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,600
$336.6K
Cap Rate 7%
$240,429
$240.4K
Cap Rate 9%
$187,000
$187.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$10.6K −$9.60/SF
EGI
$22.4K $20.40/SF
− OpEx
−$5.6K −$5.10/SF
NOI
$16.8K $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%
$336,600
Cap Rate 7%
$240,429
Cap Rate 9%
$187,000
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 4.55%
Second Best
Healthcare Medical
$234.0K
$204.7K – $273.0K
NOI $16,379 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Paved road access
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Ground-floor layout includes three office areas, a conference room, waiting space and kitchenette.
Where is this office unit located?
The property is located at 250 Stelton Rd #3 Piscataway, NJ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,100‑square‑foot ground‑floor office condo; Three office spaces plus a consulting or conference room; Reception area, waiting room, storage closet, kitchenette and restroom
