Mixed-Use Instructional
New
For Sale
$1,099,995
3775 Park Ave M9-10, Edison, NJ 08820
An existing use variance covers several instructional and child-enrichment activities, subject to applicable approvals.
Property Size4,251 SF
Price / SF$258.76
Days on Market4
Property Features for 3775 Park Ave M9-10
General Information
Standard status
Active
Size
4,251 SF
Total Parking Spaces
3
Property subtype
Commercial
Additional Details
Floor
2
HOA Fee
$390
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,518
Building Details
Building Size
4,251 SF
Year Built
1948
Stories
2
Tenancy
Multi
Listing Agency:
DAVIS REALTORS
Listed By:
JONATHAN BENOWITZ
(732) 881-1414
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 7:19AM
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
Investment Insights
Based on property information with market context.
This 4,251 SF second-floor commercial condominium is configured with a large mirrored studio and partition, two additional sizable rooms, a glass-enclosed room overlooking the studio, and a private office. Other features include men’s and women’s restrooms, a kitchenette, storage, three dedicated HVAC units, and professional vinyl studio flooring over sound- and impact-reducing mats. Three parking spaces are assigned to the property, with additional common parking available throughout the complex.
An existing variance includes dance, yoga, music instruction, tutoring, karate and martial arts classes, and other child-enrichment or instructional activities. Businesses in the center include fitness, badminton, cricket, arts, and boxing operators, as well as professional users. The property is minutes from Oak Tree Road, Route 27, Route 1, the Garden State Parkway, and the New Jersey Turnpike.
An existing variance includes dance, yoga, music instruction, tutoring, karate and martial arts classes, and other child-enrichment or instructional activities. Businesses in the center include fitness, badminton, cricket, arts, and boxing operators, as well as professional users. The property is minutes from Oak Tree Road, Route 27, Route 1, the Garden State Parkway, and the New Jersey Turnpike.
Key Highlights
- 4,251 SF commercial condominium on the second floor
- Existing variance covers dance, yoga, music instruction, tutoring, karate and martial arts classes, and other child‑enrichment activities
- Large mirrored studio with a partition and sound- and impact‑reducing mats
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,389
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,780
$1.1M
Cap Rate 7%
$819,843
$819.8K
Cap Rate 9%
$637,656
$637.7K
Market Conditions
NOI Build-Up for 4,251 SF
Gross rent
$102.0K $24.00/SF
− Vacancy
−$10.2K −$2.40/SF
EGI
$91.8K $21.60/SF
− OpEx
−$34.4K −$8.10/SF
NOI
$57.4K $13.50/SF
Area
Edison, NJ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,780
Cap Rate 7%
$819,843
Cap Rate 9%
$637,656
Alternative Uses
Best Use
Mixed Use
$819.8K
$717.4K – $956.5K
NOI $57,389 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,441 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An existing use variance covers several instructional and child-enrichment activities, subject to applicable approvals.
Where is this mixed-use property located?
The property is located at 3775 Park Ave M9-10 Edison, NJ.
What is the asking price?
The asking price for this property is $1,099,995.
What are key features of this property?
This property features: 4,251 SF commercial condominium on the second floor; Existing variance covers dance, yoga, music instruction, tutoring, karate and martial arts classes, and other child‑enrichment activities; Large mirrored studio with a partition and sound- and impact‑reducing mats
