Turnkey Medical Office
For Sale
Contact for pricing
561 Cranbury Rd, East Brunswick, NJ 08816
Fully fitted medical office space for sale.
Property Size2,091 SF
Price / SF$298.90
Days on Market151
Property Features for 561 Cranbury Rd
General Information
Standard status
Active
Size
2,091 SF
Class
B
Total Parking Spaces
10
Property subtype
Office
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Keller Williams Premier
Listed By:
Ted Skopas · License #8742629
Source:
Crexi
Added: Mar 24
Changed: Aug 14
Last Checked: Aug 20 at 7:06AM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
This is a medical office space offering a turnkey opportunity for healthcare professionals. The layout includes a reception area, multiple private exam rooms, consultation offices, and administrative space. The suite is equipped with medical infrastructure, including plumbing in exam rooms, specialized lighting, and electrical capacity. High-quality finishes create a professional atmosphere, while the floor plan allows for workflow between staff and patient areas. The property has a size of 2091 square feet.
Key Highlights
- Turnkey medical office space, fully fitted and operational.
- Multiple private exam rooms, consultation offices, and administrative space.
- Modern medical infrastructure: plumbing in exam rooms, specialized lighting, and ample electrical capacity.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,840
$639.8K
Cap Rate 7%
$457,029
$457.0K
Cap Rate 9%
$355,467
$355.5K
Market Conditions
NOI Build-Up for 2,091 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.7K $30.00/SF
− Vacancy
−$20.1K −$9.60/SF
EGI
$42.7K $20.40/SF
− OpEx
−$10.7K −$5.10/SF
NOI
$32.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,840
Cap Rate 7%
$457,029
Cap Rate 9%
$355,467
Alternative Uses
Best Use
Office B
$457.0K
$399.9K – $533.2K
NOI $31,992 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$444.8K
$389.2K – $518.9K
NOI $31,134 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$546.0K
$477.8K – $637.0K
NOI $38,220 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully fitted medical office space for sale.
Where is this medical office space located?
The property is located at 561 Cranbury Rd East Brunswick, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Turnkey medical office space, fully fitted and operational.; Multiple private exam rooms, consultation offices, and administrative space.; Modern medical infrastructure: plumbing in exam rooms, specialized lighting, and ample electrical capacity.
