Two-Story Professional Office
40 Ethel Rd Edison, NJ 08817
40 Ethel Rd, Edison, NJ, 08817
Contact for pricing
For Sale
Contact for pricing
Well-maintained two-story office building with an elevator, strong Ethel Road frontage, and parking for about 50 vehicles.
Property Size11,700 SF
Lot Size1.85 Acres
Price / SF$273.50
Days on Market95
Property Features for 40 Ethel Rd
General Information
- Standard status
- Active
- Size
- 11,700 SF
- Lot size
- 1.85 Acres
- Property subtype
- Office
Listing agency
Zimmel Associates
(732) 661-9200
Listed by
Jordan Zimmel · License #NJ 0894842
Source
Crexi
Added: Apr 20 Updated: Jul 22 at 10:30PM Checked: Jul 22 at 10:30PM
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 Zimmel Associates
Investment Insights
Based on property information with market context.
40 Ethel Road is a well-maintained, two-story professional office building totaling 11,700 SF, constructed with a block steel frame. The property includes an elevator and landscaped grounds, along with an outdoor seating area. The building is currently occupied by Eichen, Crutchlow & Zaslow, LLP, and is for sale with a 7-year sale-leaseback option, with the owner also willing to vacate for a full-building user.
The property offers strong frontage on Ethel Road and features a generous 50-car parking field for employees and visitors. It is positioned for professional or medical office use, supported by the building’s office configuration and on-site amenities.
The property offers strong frontage on Ethel Road and features a generous 50-car parking field for employees and visitors. It is positioned for professional or medical office use, supported by the building’s office configuration and on-site amenities.
Key Highlights
- Well‑maintained 11,700 SF two‑story professional office building at 40 Ethel Road, Edison, NJ 08817
- Located on 1.85 acres with strong frontage on Ethel Road
- Block steel frame building with elevator
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.9k | $26.40 |
| − Vacancy | −$54.1k | −$4.62 |
| EGI | $254.8k | $21.78 |
| − OpEx | −$63.7k | −$5.44 |
| NOI | $191.1k | $16.33 |
11,700 SF · lease $26.40/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,120 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$2.35M
$2.06M – $2.74M
NOI $164,521 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M
NOI $265,435 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Eichen Crutchlow Zaslow, ...
Law Firm
William D Levinson ...
Law Firm
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FAQs
What type of property is this?
Office building - Well-maintained two-story office building with an elevator, strong Ethel Road frontage, and parking for about 50 vehicles.
Where is this office building located?
The property is located at 40 Ethel Rd Edison, NJ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Well‑maintained 11,700 SF two‑story professional office building at 40 Ethel Road, Edison, NJ 08817; Located on 1.85 acres with strong frontage on Ethel Road; Block steel frame building with elevator
