Renovated Office-Retail
505 State Route 18 East Brunswick, NJ 08816
505 State Route 18, East Brunswick, NJ, 08816
$900,000
For Sale
$900,000
Renovated two-story commercial building with multiple offices, finished basement, and private parking for up to 10 vehicles.
Property Size1,744 SF
Price / SF$516.06
Days on Market203
Property Features for 505 State Route 18
General Information
- Standard status
- Active
- Size
- 1,744 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing Agency
ORANGE KEY REALTY,INC.
Listed by
HELENA YOUSEFZADEH
(833) 740-1234
Source
Actionplusrealty
Added: Dec 30, 2025 Updated: Jul 20 at 2:16 am Checked: Jul 20 at 2:16 am
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 ORANGE KEY REALTY,INC.
Investment Insights
Based on property information with market context.
505 State Route 18 is a completely updated two-story commercial building designed for flexible business use. The first floor includes five private rooms and an updated bathroom, supported by new carpeting and brand-new laminate flooring throughout. A newer powder room was added in 2020, along with updates including new first-floor doors, mostly updated windows, newer gutters, a newer roof, updated exit lighting, and full fire code compliance.
The second floor offers three additional rooms and a full bath, with new flooring and radiator covers added to that level. A fully finished basement adds usable space with brand-new flooring, a sink, and a designated eating area. The property also features a private parking lot accommodating up to 10 vehicles, with parking lot lighting and a marquee updated in 2021.
Additional building improvements include insulation and vapor barrier replacement in the crawl space and attic insulation replacement in 2016. Updated interior and exterior components support a modern, clean presentation while maintaining practical room-level functionality for a range of commercial operations.
The second floor offers three additional rooms and a full bath, with new flooring and radiator covers added to that level. A fully finished basement adds usable space with brand-new flooring, a sink, and a designated eating area. The property also features a private parking lot accommodating up to 10 vehicles, with parking lot lighting and a marquee updated in 2021.
Additional building improvements include insulation and vapor barrier replacement in the crawl space and attic insulation replacement in 2016. Updated interior and exterior components support a modern, clean presentation while maintaining practical room-level functionality for a range of commercial operations.
Key Highlights
- 2‑story commercial building built in 1935 with a fully renovated first floor and updated interior finishes
- First floor offers 5 private rooms plus an updated bathroom, with new carpeting and brand‑new laminate flooring
- Second floor includes 3 additional rooms and a full bath, plus new carpeting and brand‑new laminate flooring throughout
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 | $52.3k | $30.00 |
| − Vacancy | −$16.7k | −$9.60 |
| EGI | $35.6k | $20.40 |
| − OpEx | −$8.9k | −$5.10 |
| NOI | $26.7k | $15.30 |
1,744 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$455.4K
$398.5K – $531.3K
NOI $31,878 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Renovated two-story commercial building with multiple offices, finished basement, and private parking for up to 10 vehicles.
Where is this office units located?
The property is located at 505 State Route 18 East Brunswick, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2‑story commercial building built in 1935 with a fully renovated first floor and updated interior finishes; First floor offers 5 private rooms plus an updated bathroom, with new carpeting and brand‑new laminate flooring; Second floor includes 3 additional rooms and a full bath, plus new carpeting and brand‑new laminate flooring throughout
