Medical Office
New
For Sale
$375,000
4 Cornwall Drive, East Brunswick, NJ 08816
Commercial Sale, East Brunswick, NJ
Property Size1,800 SF
Lot Size0.26 Acres
Price / SF$208.33
Days on Market1
Property Features for 4 Cornwall Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OP1
Parking
10
Parking features
Parking Lot, Garage
Standard status
Active
APN
04003190000000350000C0008
Size
1,800 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12469
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Building materials
Brick, Vinyl Siding
Roof type
Asphalt
Listing Agency:
RE/MAX FIRST REALTY, INC. · RE/MAX International
(732) 257-3500
Listed By:
Andrew Marrone · License #1328489
(908) 720-0243
Added: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# 2770748M
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This medical office condominium offers approximately 1,800 square feet on the main level, currently configured as an open shell. The planned renovation includes new framing and sheetrock, electrical, plumbing, HVAC, fire suppression, windows, storefront, tile flooring, lighting, two bathrooms, and exam-room sinks based on the agreed layout. A step-free front entry and a second exterior entrance provide access to the suite. An additional approximately 1,800-square-foot unfinished basement is reached by two interior staircases; basement finishing is not included in the planned work.
The property is in East Brunswick, near Cranbury Road and Route 18, with access to the New Jersey Turnpike and Route 1. It is part of the Brier Hill professional community and uses a shared parking lot. Zoning is OP1. The building was constructed in 1979.
The property is in East Brunswick, near Cranbury Road and Route 18, with access to the New Jersey Turnpike and Route 1. It is part of the Brier Hill professional community and uses a shared parking lot. Zoning is OP1. The building was constructed in 1979.
Key Highlights
- Approximately 1,800 square feet on the main level, plus an approximately 1,800‑square‑foot unfinished basement
- Planned interior work includes HVAC, plumbing, electrical, fire suppression, two bathrooms, and exam‑room sinks
- Step‑free front entrance and a second exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,540
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,800
$550.8K
Cap Rate 7%
$393,429
$393.4K
Cap Rate 9%
$306,000
$306.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$54.0K $30.00/SF
− Vacancy
−$17.3K −$9.60/SF
EGI
$36.7K $20.40/SF
− OpEx
−$9.2K −$5.10/SF
NOI
$27.5K $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%
$550,800
Cap Rate 7%
$393,429
Cap Rate 9%
$306,000
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 7.34%
Second Best
Healthcare Medical
$382.9K
$335.0K – $446.7K
NOI $26,801 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Under-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - An open-shell suite is planned for a renovated interior with a layout tailored to the purchaser’s practice.
Where is this medical office space located?
The property is located at 4 Cornwall Drive East Brunswick, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 1,800 square feet on the main level, plus an approximately 1,800‑square‑foot unfinished basement; Planned interior work includes HVAC, plumbing, electrical, fire suppression, two bathrooms, and exam‑room sinks; Step‑free front entrance and a second exterior entrance
