Fifth-Floor Medical Office
For Sale
$300,000
507-2 State Route 27, Edison, NJ 08820
Three exam rooms provide a practical layout within the elevator-served Levinson Building.
Property Size857 SF
Price / SF$350.06
Days on Market141
Property Features for 507-2 State Route 27
General Information
Standard status
Active
Size
857 SF
Elevators
Yes
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
5
Taxes and HOA fees
Annual Taxes
$5,864
Listing Agency:
ON TRACK REALTY
(732) 494-2211
Listed By:
SANJEEV ANEJA
(732) 261-7650
Source:
Exprealty
Added: Jun 18
Changed: Oct 25
Last Checked: Nov 4 at 1:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office space occupies the fifth floor of the Levinson Building and includes three exam rooms. Building elevator service supports convenient access for patients, staff, and visitors, while on-site parking is available for office users.
The property is located at 507-2 State Route 27 in Edison, New Jersey, with access to major highways and Metro Park Train Station. Hackensack Meridian Hospital (JFK) is also nearby. The property is offered for sale, with a desired closing date of October/November 2026.
The property is located at 507-2 State Route 27 in Edison, New Jersey, with access to major highways and Metro Park Train Station. Hackensack Meridian Hospital (JFK) is also nearby. The property is offered for sale, with a desired closing date of October/November 2026.
Key Highlights
- Medical office space on the 5th floor of the Levinson Building
- Three exam rooms included
- Elevator service in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,999
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,980
$280.0K
Cap Rate 7%
$199,986
$200.0K
Cap Rate 9%
$155,544
$155.5K
Market Conditions
NOI Build-Up for 857 SF
Gross rent
$22.6K $26.40/SF
− Vacancy
−$4.0K −$4.62/SF
EGI
$18.7K $21.78/SF
− OpEx
−$4.7K −$5.44/SF
NOI
$14.0K $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 Rate 5%
$279,980
Cap Rate 7%
$199,986
Cap Rate 9%
$155,544
Alternative Uses
Best Use
Office B
$200.0K
$175.0K – $233.3K
NOI $13,999 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$172.2K
$150.6K – $200.9K
NOI $12,051 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$277.8K
$243.0K – $324.1K
NOI $19,443 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three exam rooms provide a practical layout within the elevator-served Levinson Building.
Where is this medical office space located?
The property is located at 507-2 State Route 27 Edison, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Medical office space on the 5th floor of the Levinson Building; Three exam rooms included; Elevator service in the building
