Renovated Second-Floor Office
For Sale
Contact for pricing
513 Georges Rd Unit 1, North Brunswick, NJ 08902
Professional suite with private access, reception space, rear parking, and a remodeled bathroom.
Property Size2,192 SF
Price / SF$0.52
Days on Market49
Property Features for 513 Georges Rd Unit 1
General Information
Standard status
Active
Size
2,192 SF
Additional Details
Floor
Second Floor
Amenities
private entrance
reception/waiting area
private office space
remodeled bathroom
Building Details
Year Built
1929
Listing Agency:
WEICHERT CO REALTORS
Listed By:
SHWETA PATIL
(203) 252-7192
Source:
Luminancerealty
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 5 at 11:27PM
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 2,192-square-foot second-floor office unit combines a private entrance with a reception and waiting area, dedicated office space, and a fully remodeled bathroom. The interior has undergone a complete renovation, providing a clean, contemporary setting for professional operations. Constructed in 1929, the property offers a practical office configuration with private access and rear parking.
The unit is positioned along Georges Road in North Brunswick, providing exposure to passing traffic and convenient access to nearby residential and commercial areas. Its visibility, signage potential, parking, and finished interior support a range of permitted professional office uses.
The unit is positioned along Georges Road in North Brunswick, providing exposure to passing traffic and convenient access to nearby residential and commercial areas. Its visibility, signage potential, parking, and finished interior support a range of permitted professional office uses.
Key Highlights
- 2,192 SF second‑floor office unit
- Private entrance with reception and waiting area
- Dedicated private office space
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 - Professional suite with private access, reception space, rear parking, and a remodeled bathroom.
Where is this office unit located?
The property is located at 513 Georges Rd Unit 1 North Brunswick, NJ.
What are key features of this property?
This property features: 2,192 SF second‑floor office unit; Private entrance with reception and waiting area; Dedicated private office space
