Renovated Second-Floor Office
For Sale
Contact for pricing
513 Georges Rd 1, North Brunswick, NJ 08902
Includes a private entrance, reception area, private office, and remodeled bathroom.
Property Size2,192 SF
Days on Market49
Property Features for 513 Georges Rd 1
General Information
Standard status
Active
Size
2,192 SF
Property subtype
Commercial
Additional Details
Floor
2
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,602
Building Details
Building Size
2,192 SF
Year Built
1929
Stories
2
Listing Agency:
WEICHERT CO REALTORS
Listed By:
SHWETA PATIL
(973) 874-9382
Source:
Elliman
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 2:45PM
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 WEICHERT CO REALTORS
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Investment Insights
Based on property information with market context.
This second-floor office unit has been renovated and includes a separate entrance, reception and waiting area, dedicated office space, and an updated bathroom. The layout provides a defined professional setting for office operations, with the improvements already completed.
The property fronts Georges Road in North Brunswick, placing the office along a visible business corridor with access to nearby residential and commercial areas. Rear parking is available for occupants and visitors. WalkScore is 76, BikeScore is 66, and TransitScore is 32. The building was constructed in 1929.
The property fronts Georges Road in North Brunswick, placing the office along a visible business corridor with access to nearby residential and commercial areas. Rear parking is available for occupants and visitors. WalkScore is 76, BikeScore is 66, and TransitScore is 32. The building was constructed in 1929.
Key Highlights
- Renovated second‑floor office unit with a private entrance
- Reception and waiting area plus dedicated private office
- Fully remodeled bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,538
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,760
$670.8K
Cap Rate 7%
$479,114
$479.1K
Cap Rate 9%
$372,644
$372.6K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$65.8K $30.00/SF
− Vacancy
−$21.0K −$9.60/SF
EGI
$44.7K $20.40/SF
− OpEx
−$11.2K −$5.10/SF
NOI
$33.5K $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%
$670,760
Cap Rate 7%
$479,114
Cap Rate 9%
$372,644
Alternative Uses
Best Use
Office B
$479.1K
$419.2K – $559.0K
NOI $33,538 @ 7.0% cap · market cap 2,916.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.4K
$500.8K – $667.8K
NOI $40,066 @ 7.0% cap · market cap 3,484.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
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Business Placement
Demographics for 08902, NJ
43,296
Population
15,892
Households
2.7
Avg Household Size
38
Median Age
45%
College-Educated
87%
High-School Grad
13.2 sq mi
ZIP Area
3,280
Density / Sq Mi
$117,671
Median Household Income
$57,880
Median Earnings
$2,055
Median Rent
$402,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Includes a private entrance, reception area, private office, and remodeled bathroom.
Where is this office unit located?
The property is located at 513 Georges Rd 1 North Brunswick, NJ.
What are key features of this property?
This property features: Renovated second‑floor office unit with a private entrance; Reception and waiting area plus dedicated private office; Fully remodeled bathroom
