Open-Plan Retail
2c-161 State Route 27, Edison, NJ 08820
For Sale
Contact for pricing
Owner-led improvements can adapt the open interior for offices, a conference room, and a kitchenette.
Property Size1,250 SF
Price / SF$2.40
Days on Market24
Property Features for 2c-161 State Route 27
General Information
Standard status
Size
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
lighted tenant directory
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed By:
PEGGY TRSTENSKY
(908) 568-0982
Source:
Exprealty
Added: Oct 21
Changed: Oct 29
Last Checked: Nov 12 at 8:42AM
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 ELITE REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail suite is currently configured as a large open area within the renovated Romeros Plaza. Planned updates include fresh paint, new flooring, and new lighting. The owner can complete a buildout; a proposed layout could include four private offices, a conference room, and a kitchenette.
The property fronts Lincoln Highway (Route 27) in North Edison, near Metro Park, Menlo Park Mall, and the Oak Tree Road shopping and dining district. Fenced private parking is available at both the front and rear of the building, and a lighted tenant directory serves the plaza. The site is also described as close to major roads.
The property fronts Lincoln Highway (Route 27) in North Edison, near Metro Park, Menlo Park Mall, and the Oak Tree Road shopping and dining district. Fenced private parking is available at both the front and rear of the building, and a lighted tenant directory serves the plaza. The site is also described as close to major roads.
Key Highlights
- Open retail interior in renovated Romeros Plaza
- Owner can build out the suite; a suggested plan fits 4 private offices, a conference room, and a kitchenette
- Planned fresh paint, new flooring, and new lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,483
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,660
$349.7K
Cap Rate 7%
$249,757
$249.8K
Cap Rate 9%
$194,256
$194.3K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.0K $21.60/SF
− Vacancy
−$2.0K −$1.62/SF
EGI
$25.0K $19.98/SF
− OpEx
−$7.5K −$5.99/SF
NOI
$17.5K $13.99/SF
Area
Edison, NJ
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,660
Cap Rate 7%
$249,757
Cap Rate 9%
$194,256
Alternative Uses
Best Use
Retail
$249.8K
$218.5K – $291.4K
NOI $17,483 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.1K
$354.5K – $472.6K
NOI $28,358 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
Starbucks
Dining
21,176 visits/mo
0.2 miles
7-Eleven
Shops & Services
13,447 visits/mo
0.1 miles
Dunkin' Donuts
Dining
11,101 visits/mo
0.1 miles
TD Bank
Shops & Services
7,457 visits/mo
0.1 miles
Demographics for 08820, NJ
41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
Median Home Value
Market
Average Price Trend$/SF for Retail space in Edison, NJ
Properties on Market for Retail space in Edison
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Owner-led improvements can adapt the open interior for offices, a conference room, and a kitchenette.
Where is this retail space located?
The property is located at 2c-161 State Route 27 Edison, NJ.
What are key features of this property?
This property features: Open retail interior in renovated Romeros Plaza; Owner can build out the suite; a suggested plan fits 4 private offices, a conference room, and a kitchenette; Planned fresh paint, new flooring, and new lighting
