Office Building with
For Sale
Under Contract
$3,000,000
51 W Prospect Street, East Brunswick, NJ 08816
Commercial Sale, East Brunswick, NJ
Property Size6,000 SF
Lot Size0.50 Acres
Price / SF$500
Days on Market569
Property Features for 51 W Prospect Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OP1
Parking
30
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Lot features
Near Shopping, Level
Directions
Route 18 to West Prospect
Standard status
Active Under Contract
APN
0400040000000026
Size
6,000 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
43789
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Zoned
Water source
Public
Building Details
Year built
1982
Floors in Building
2
Flooring type
Laminate, Elevator, Wood
Building materials
Stucco
Roof type
Flat, Composition
Listing Agency:
ORANGE KEY REALTY, INC.
(732) 297-6969
Listed By:
Ofir Hillel · License #RB-0235299
(908) 720-2303
Added: Apr 16, 2025
Changed: Oct 23
Last Checked: Nov 5 at 10:06AM
MLS# 2512012R
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 office building at 51 W Prospect Street contains 6,000 square feet on a 0.5-acre parcel. Constructed in 1982, the property features stucco exterior walls, an accessible elevator, laminate and wood flooring, forced-air heating, and zoned cooling. The roof includes composition and flat sections.
Public water and public sewer serve the property. Its OP1 zoning designation and existing office configuration provide the primary framework for evaluating the building for commercial use.
Public water and public sewer serve the property. Its OP1 zoning designation and existing office configuration provide the primary framework for evaluating the building for commercial use.
Key Highlights
- 6,000‑square‑foot office building on a 0.5‑acre parcel
- Accessible elevator installed for building access
- OP1 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,800
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,000
$1.8M
Cap Rate 7%
$1,311,429
$1.3M
Cap Rate 9%
$1,020,000
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$180.0K $30.00/SF
− Vacancy
−$57.6K −$9.60/SF
EGI
$122.4K $20.40/SF
− OpEx
−$30.6K −$5.10/SF
NOI
$91.8K $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%
$1,836,000
Cap Rate 7%
$1,311,429
Cap Rate 9%
$1,020,000
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
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
Check the figures for this property
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?
Office building - OP1-zoned office property with accessible elevator service, public utilities, and a mix of laminate and wood flooring.
Where is this office building located?
The property is located at 51 W Prospect Street East Brunswick, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6,000‑square‑foot office building on a 0.5‑acre parcel; Accessible elevator installed for building access; OP1 zoning designation
