Furnished Office
For Sale
Contact for pricing
515 Plainfield Avenue #104, Edison, NJ 08817
An approved one-year sublease includes furniture and two conference rooms.
Property Size2,600 SF
Price / SF$1.35
Days on Market148
Property Features for 515 Plainfield Avenue #104
General Information
Standard status
Active
Size
2,600 SF
Elevators
Yes
Property subtype
Office
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Additional Details
Public Transit
Yes
Property Use
Office
Listing Agency:
RE/MAX Welcome Home
Listed By:
Melanie McCann-Mott · License #0456326
(732) 549-9500
Source:
Defelicerealtygroup
Added: Jun 11
Changed: Nov 4
Last Checked: Nov 5 at 7:21AM
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 RE/MAX Welcome Home
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Investment Insights
Based on property information with market context.
This furnished office suite is estimated at 2,500–2,600 square feet, with a main work area and two large conference rooms. The space is described as clean and well-lit, with ample windows, and the building has an elevator. The approved sublease is available for a one-year term, with no CAM charges to the sublessee.
The property is at 515 Plainfield Avenue in Edison, down the street from Edison Train Station. Ample parking is available at the building.
The property is at 515 Plainfield Avenue in Edison, down the street from Edison Train Station. Ample parking is available at the building.
Key Highlights
- Estimated suite area of 2,500–2,600 square feet
- Furnished office with a main work area and two large conference rooms
- Approved sublease available for a one‑year term with no CAM charges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,471
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,420
$849.4K
Cap Rate 7%
$606,729
$606.7K
Cap Rate 9%
$471,900
$471.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$68.6K $26.40/SF
− Vacancy
−$12.0K −$4.62/SF
EGI
$56.6K $21.78/SF
− OpEx
−$14.2K −$5.44/SF
NOI
$42.5K $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%
$849,420
Cap Rate 7%
$606,729
Cap Rate 9%
$471,900
Alternative Uses
Best Use
Office B
$606.7K
$530.9K – $707.9K
NOI $42,471 @ 7.0% cap · market cap 1,213.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.6K
$737.3K – $983.1K
NOI $58,985 @ 7.0% cap · market cap 1,685.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
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Business Placement
Demographics for 08817, NJ
48,243
Population
17,260
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
4,551
Density / Sq Mi
$109,734
Median Household Income
$54,631
Median Earnings
$1,946
Median Rent
$411,100
Median Home Value
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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 unit - An approved one-year sublease includes furniture and two conference rooms.
Where is this office unit located?
The property is located at 515 Plainfield Avenue #104 Edison, NJ.
What are key features of this property?
This property features: Estimated suite area of 2,500–2,600 square feet; Furnished office with a main work area and two large conference rooms; Approved sublease available for a one‑year term with no CAM charges
