Second-Floor Office Condo
New
For Sale
$395,000
3840 Park Avenue Unit D208, Edison, NJ 08820
Configured professional office suite with private rooms, conference space, kitchenette, and dedicated restrooms.
Property Size1,509 SF
Days on Market2
Property Features for 3840 Park Avenue Unit D208
General Information
Standard status
Active
Size
1,509 SF
Class
B
Property subtype
Office Condo
Amenities
supplemental air unit
signage
Building Details
Building Size
1,509 SF
Listing Agency:
Sitar Realty Company - Corporate
(732) 859-2144
Listed By:
Douglas Sitar
(732) 859-2144
Source:
Tcnworldwide
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 4:16AM
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 Sitar Realty Company - Corporate
Investment Insights
Based on property information with market context.
This second-floor office condominium is arranged for professional occupancy with a reception area, a glass-enclosed conference room, 5-6 private offices, a kitchenette, two private unisex lavatories, and substantial storage. New carpeting and paint provide refreshed interior finishes, while a supplemental air unit serves the server room.
The suite is positioned on Park Avenue and includes signage along the avenue. Ample parking is available. The layout and improvements support office users including IT, software, legal, insurance, financial, and non-hazardous laboratory operations.
The suite is positioned on Park Avenue and includes signage along the avenue. Ample parking is available. The layout and improvements support office users including IT, software, legal, insurance, financial, and non-hazardous laboratory operations.
Key Highlights
- Second‑floor office condo with reception area and glass conference room
- 5‑6 private offices plus kitchenette and 2 private unisex lavatories
- Supplemental air unit installed for server room
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
$24,650
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
6.24%
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%
$493,000
$493.0K
Cap Rate 7%
$352,143
$352.1K
Cap Rate 9%
$273,889
$273.9K
Market Conditions
NOI Build-Up for 1,509 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
$39.8K $26.40/SF
− Vacancy
−$7.0K −$4.62/SF
EGI
$32.9K $21.78/SF
− OpEx
−$8.2K −$5.44/SF
NOI
$24.6K $16.33/SF
Area
Edison, NJ
Vacancy
17.50%
Lease Rate
$26.40 /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%
$493,000
Cap Rate 7%
$352,143
Cap Rate 9%
$273,889
Alternative Uses
Best Use
Office B
$352.1K
$308.1K – $410.8K
NOI $24,650 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.1K
$427.9K – $570.6K
NOI $34,234 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
379
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured professional office suite with private rooms, conference space, kitchenette, and dedicated restrooms.
Where is this office units located?
The property is located at 3840 Park Avenue Unit D208 Edison, NJ.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Second‑floor office condo with reception area and glass conference room; 5‑6 private offices plus kitchenette and 2 private unisex lavatories; Supplemental air unit installed for server room
