Two-Story Office
New
For Sale
$450,000
30 Wallace Street, East Brunswick, NJ 08816
HC-2 zoning permits a range of office, retail, and personal service uses.
Property Size2,446 SF
Price / SF$183.97
Days on Market6
Property Features for 30 Wallace Street
General Information
Standard status
Active
Size
2,446 SF
Property subtype
Commercial
Zoning
HC-2
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
off-street parking
Building Details
Year Built
1935
Buildings
1
Stories
2
Listing Agency:
DAVIS REALTORS
Listed By:
JONATHAN BENOWITZ
(732) 881-1414
Source:
Actionplusrealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:18PM
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 DAVIS REALTORS
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Investment Insights
Based on property information with market context.
At 30 Wallace Street, this freestanding office building contains 2,446 square feet across two stories, with approximately 1,223 square feet on each level. Renovation work has begun, and the interior remains for a new owner to complete. The property is zoned HC-2, where permitted uses include professional and general offices, studios, personal service businesses, and retail stores.
Access is available from both Wallace Street and Prigmore Street, with off-street parking. The property is near Route 18 North and has access to the New Jersey Turnpike, Route 1, and Route 9.
Access is available from both Wallace Street and Prigmore Street, with off-street parking. The property is near Route 18 North and has access to the New Jersey Turnpike, Route 1, and Route 9.
Key Highlights
- 2,446‑square‑foot freestanding office building
- Two stories with approximately 1,223 square feet per level
- HC‑2 zoning permits offices, studios, personal services, and retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,424
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,480
$748.5K
Cap Rate 7%
$534,629
$534.6K
Cap Rate 9%
$415,822
$415.8K
Market Conditions
NOI Build-Up for 2,446 SF
Gross rent
$73.4K $30.00/SF
− Vacancy
−$23.5K −$9.60/SF
EGI
$49.9K $20.40/SF
− OpEx
−$12.5K −$5.10/SF
NOI
$37.4K $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%
$748,480
Cap Rate 7%
$534,629
Cap Rate 9%
$415,822
Alternative Uses
Best Use
Office B
$534.6K
$467.8K – $623.7K
NOI $37,424 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.7K
$558.9K – $745.2K
NOI $44,709 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
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 building - HC-2 zoning permits a range of office, retail, and personal service uses.
Where is this office building located?
The property is located at 30 Wallace Street East Brunswick, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,446‑square‑foot freestanding office building; Two stories with approximately 1,223 square feet per level; HC‑2 zoning permits offices, studios, personal services, and retail
