Versatile First-Floor Office
For Sale
$639,000
622 Georges Rd, North Brunswick, NJ 08902
First-floor office suite suitable for medical or professional services.
Property Size2,400 SF
Price / SF$266.25
Days on Market228
Property Features for 622 Georges Rd
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1990
Listing Agency:
CENTURY 21 BURKE REALTY
Listed By:
JOHN BURKE · License #3522589
(732) 658-6800
Source:
Luminancerealty
Added: Mar 5
Changed: Oct 9
Last Checked: Oct 19 at 12:39PM
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 CENTURY 21 BURKE REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor office suite is located in a well-maintained commercial building. Currently used for medical purposes, the 2400-square-foot suite offers the potential to be divided into two separate spaces. The property features ample parking. The building has an attractive exterior and interior, providing a professional atmosphere. The suite is suitable for medical offices, urgent care, dental practices, law firms, accounting offices, or other professional services.
Key Highlights
- Versatile first‑floor suite suitable for various professional services (medical, legal, accounting, etc.).
- Potential to be divided into two separate spaces for flexible use.
- Ample parking for staff and clients.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,720
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,400
$734.4K
Cap Rate 7%
$524,571
$524.6K
Cap Rate 9%
$408,000
$408.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$72.0K $30.00/SF
− Vacancy
−$23.0K −$9.60/SF
EGI
$49.0K $20.40/SF
− OpEx
−$12.2K −$5.10/SF
NOI
$36.7K $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%
$734,400
Cap Rate 7%
$524,571
Cap Rate 9%
$408,000
Alternative Uses
Best Use
Office B
$524.6K
$459.0K – $612.0K
NOI $36,720 @ 7.0% cap · market cap 5.75%
Second Best
Healthcare Medical
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
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?
Medical Office Space - First-floor office suite suitable for medical or professional services.
Where is this medical office space located?
The property is located at 622 Georges Rd North Brunswick, NJ.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Versatile first‑floor suite suitable for various professional services (medical, legal, accounting, etc.).; Potential to be divided into two separate spaces for flexible use.; Ample parking for staff and clients.
