First-Floor Office
For Sale
Contact for pricing
300 Perrine Rd, Old Bridge, NJ 08857
Three glass-front private offices plus bullpen, kitchenette, and ADA-compliant restroom within first-floor suites.
Property Size967 SF
Price / SF$284.38
Days on Market49
Property Features for 300 Perrine Rd
General Information
Standard status
Active
Size
967 SF
Elevators
Yes
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
1
Amenities
energy-efficient aluminum paneling
high-quality electrical, HVAC, fire protection, and security systems
modern communications infrastructure
business cable
FiOS
marble floors
Building Details
Tenancy
Multi
Parking Ratio
6 per 1,000 SF
Listing Agency:
The Kislak Company
(732) 750-3000
Listed By:
Matthew LoBocchiaro
(908) 360-8050
Source:
Moodyscre
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 14 at 7:27AM
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 The Kislak Company
Investment Insights
Based on property information with market context.
Newly finished, contiguous professional office suites are located on the first floor of Building 300 at Old Bridge Professional Plaza, a 100,000 SF business and medical park situated on Routes 9 and 34.
The suite layout features three glass-front private offices, a large bullpen/open work area, a kitchenette, and a large ADA-compliant restroom. Suites are available for sale or lease individually or in combination. Parking is ample, with a ratio of 6 spaces per 1,000 SF, including one reserved parking space per unit. Building access includes a well-maintained lobby with elevator service and marble floors.
The plaza offers convenient access to Route 9 and is minutes from the Garden State Parkway. The location is also close to area hospitals and within minutes of NJ Transit bus and rail service to NYC. On-site systems and infrastructure include energy-efficient aluminum paneling, high-quality electrical, HVAC, fire protection, and security systems, along with modern communications infrastructure such as business cable and FiOS.
The suite layout features three glass-front private offices, a large bullpen/open work area, a kitchenette, and a large ADA-compliant restroom. Suites are available for sale or lease individually or in combination. Parking is ample, with a ratio of 6 spaces per 1,000 SF, including one reserved parking space per unit. Building access includes a well-maintained lobby with elevator service and marble floors.
The plaza offers convenient access to Route 9 and is minutes from the Garden State Parkway. The location is also close to area hospitals and within minutes of NJ Transit bus and rail service to NYC. On-site systems and infrastructure include energy-efficient aluminum paneling, high-quality electrical, HVAC, fire protection, and security systems, along with modern communications infrastructure such as business cable and FiOS.
Key Highlights
- 967 SF first‑floor contiguous office suites in Building 300
- Three glass‑front private offices with a large bullpen/open work area
- Kitchenette and large ADA‑compliant restroom within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$295,900
$295.9K
Cap Rate 7%
$211,357
$211.4K
Cap Rate 9%
$164,389
$164.4K
Market Conditions
NOI Build-Up for 967 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $30.00/SF
− Vacancy
−$9.3K −$9.60/SF
EGI
$19.7K $20.40/SF
− OpEx
−$4.9K −$5.10/SF
NOI
$14.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$295,900
Cap Rate 7%
$211,357
Cap Rate 9%
$164,389
Alternative Uses
Best Use
Office B
$211.4K
$184.9K – $246.6K
NOI $14,795 @ 7.0% cap · market cap 5.38%
Second Best
Healthcare Medical
$205.7K
$180.0K – $240.0K
NOI $14,398 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$252.5K
$220.9K – $294.6K
NOI $17,675 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 08857, NJ
40,675
Population
16,241
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
24.0 sq mi
ZIP Area
1,695
Density / Sq Mi
$101,192
Median Household Income
$59,028
Median Earnings
$1,462
Median Rent
$459,400
Median Home Value
Check the figures for this property
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?
Office units - Three glass-front private offices plus bullpen, kitchenette, and ADA-compliant restroom within first-floor suites.
Where is this office units located?
The property is located at 300 Perrine Rd Old Bridge, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 967 SF first‑floor contiguous office suites in Building 300; Three glass‑front private offices with a large bullpen/open work area; Kitchenette and large ADA‑compliant restroom within the suite
