Multi-Story Office
467 Middlesex Ave Metuchen, NJ 08840
467 Middlesex Ave, Metuchen, NJ, 08840
$995,000
For Sale
$995,000
Three-floor office building with on-site parking, 10+ offices, and a large conference room.
Property Size2,964 SF
Price / SF$335.70
Days on Market106
Property Features for 467 Middlesex Ave
General Information
- Standard status
- Active
- Size
- 2,964 SF
Listing agency
ON TRACK REALTY
(732) 494-2211
Listed by
SANJEEV ANEJA
Source
Exprealty
Added: Apr 8 Updated: Jul 22 at 6:00PM Checked: Jul 22 at 6:00PM
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 ON TRACK REALTY
Investment Insights
Based on property information with market context.
This professional three-story office building provides a spacious layout with 10+ offices, a large conference room, and three bathrooms. The property includes three central AC units and six zone baseboard heat, supporting multiple offices and shared spaces.
The building offers its own parking and is located on a well-traveled highway in Metuchen, with proximity to train access and easy connections to major highways.
While the exterior has been remodeled, the interior is described as largely ready to go, with the option to modify to match a new tenant’s needs.
The building offers its own parking and is located on a well-traveled highway in Metuchen, with proximity to train access and easy connections to major highways.
While the exterior has been remodeled, the interior is described as largely ready to go, with the option to modify to match a new tenant’s needs.
Key Highlights
- Three‑floor office building in Metuchen with on‑site parking
- Currently set up as a law office with 10+ offices
- Large conference room plus 3 bathrooms
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 | $88.9k | $30.00 |
| − Vacancy | −$28.5k | −$9.60 |
| EGI | $60.5k | $20.40 |
| − OpEx | −$15.1k | −$5.10 |
| NOI | $45.3k | $15.30 |
2,964 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$647.8K
$566.9K – $755.8K
NOI $45,349 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.0K
$677.2K – $903.0K
NOI $54,177 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dvorak & Associates LLC
Law Firm
Freedom Freight Management
Trucking Company
Iacona John
Law Firm
Gateway Funding Diversified ...
Loan Service
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FAQs
What type of property is this?
Office building - Three-floor office building with on-site parking, 10+ offices, and a large conference room.
Where is this office building located?
The property is located at 467 Middlesex Ave Metuchen, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three‑floor office building in Metuchen with on‑site parking; Currently set up as a law office with 10+ offices; Large conference room plus 3 bathrooms
