East Brunswick Office Condo For
561 Cranbury Road # B, East Brunswick, NJ 08816
3,493 SF office condo in East Brunswick's Surgi-Center.
Type:Land, Office
Property size:
3,493 SFPrice / SF:
$228/SF- Added:
- Jun 11, 2024
- Days on Market:
- 723
- Last Refresh:
- May 12 at 8:39 pm
Property Features for 561 Cranbury Road # B
General Information
- Standard status
- Active
- Size
- 3,493 SF
- Property subtype
- Land, Office
Building Details
- Year Built
- 1988
Listing agent Brian Walsh
Listing office Davis Commercial
Listing date Jun 11, 2024
Source Crexi
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 Davis Commercial
HighLights
- Located in the prestigious Surgi‑Center of East Brunswick's medical and professional community.
- Divisible into two suites (2,099 SF and 1,394 SF) for single or dual occupancy.
- Suite 1 (2,099 SF) is built out for Physical Therapy and the current owner is open to signing a long‑term lease.
- Suite 2 (1,394 SF) is vacant and available for lease or owner occupancy.
- Ideal for medical or professional uses (physical therapy, attorneys, etc.).
- Abundant on‑site parking and private entrances for each suite.
Overview
A 3,493 square foot office condo is available for sale in the Surgi-Center of East Brunswick. Located on Cranbury Road, in the center of East Brunswick's medical and professional community, the property is divided into two suites. Suite 1, comprising 2,099 square feet, is built out for physical therapy and features an open floorplan, four private offices, five bathrooms, and a washer/dryer. Suite 2, consisting of 1,394 square feet, includes a reception area, multiple private offices with sinks, a kitchenette, and a bathroom. Each suite has a private entrance and an interior connecting door. The property offers an abundance of on-site parking and a vaulted entry foyer. The annual association fees are $24,278, and the real estate taxes are $20,236 per year. Suite 2 is also available for lease at $26 per square foot plus utilities. The property is suitable for various medical uses such as physical therapy, podiatry, dermatology, wellness center, massage therapy, and special needs day programs, as well as cardiology, orthodontics, dental, and oral surgery practices. It is also suitable for professional uses such as attorneys, accountants, laboratories, tutoring centers, financial companies, and IT consulting and staffing firms. Ownership occupies Suite 1 and is open to signing a long-term lease. Suite 2 is vacant and available for lease or owner occupancy. This property is ideal for investors seeking stable long-term income or owner-occupiers looking to move their business into part or all of the property.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.8k | $30.00 |
| − Vacancy | −$33.5k | −$9.60 |
| EGI | $71.3k | $20.40 |
| − OpEx | −$17.8k | −$5.10 |
| NOI | $53.4k | $15.30 |
3,493 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$763.5K
$668.0K – $890.7K
NOI $53,443 @ 7.0% cap · market cap 6.69%
Second Best
Healthcare Medical
$743.0K
$650.1K – $866.8K
NOI $52,009 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$912.1K
$798.1K – $1.06M
NOI $63,846 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
MedSpa At ASA Plastic ...
Physician
Russell Ashinoff, MD, ...
Physician
University SurgiCenter
Medical Clinic
East Brunswick Family ...
Dental Office
Bio-Medical Laboratory
Laboratory
Location Insight
- Map
- Local Demand
- City
- East Brunswick
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4194485
- Latitude
- 40.4132336
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 3,493 SF office condo in East Brunswick's Surgi-Center.
Where is this medical office space located?
The property is located at 561 Cranbury Road # B East Brunswick, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Located in the prestigious Surgi‑Center of East Brunswick's medical and professional community.; Divisible into two suites (2,099 SF and 1,394 SF) for single or dual occupancy.; Suite 1 (2,099 SF) is built out for Physical Therapy and the current owner is open to signing a long‑term lease.
