Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    623 Georges Rd, Unit 2B North Brunswick, NJ 08902

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Clean, well-maintained office space with utilities included and ample parking.

    Property size:
    360 SF

    Property Features for 623 Georges Rd

    General Information

    Standard status
    Active
    Size
    360 SF

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    John H Burke
    Source: Corcoran

    Listing Agency: CENTURY 21 BURKE REALTY Listing Agent: John H Burke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Office Space Available

    This clean, modern office space is located on the second floor of a well-maintained building. The property includes all utilities, such as gas heat and central air conditioning. Situated on a well-traveled street, the location offers great visibility and features an open parking lot with ample parking spaces. The property is conveniently located near transportation options, including the New Jersey Turnpike and Routes 1, 18, and 130. The property size is 360 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4519208
    Latitude
    40.4692743

    Nearby Similar for Sale

    • $320,000
      1,601 SF

      Medical/Professional Office Near Major Routes

      Medical/professional office space with easy access to major transportation routes.
      622 Georges Rd, North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      4,824 SF

      North Brunswick Commercial Space Available

      Commercial space available off Route 1 in North Brunswick.
      505 Milltown Rd, North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      1,234 SF

      Turnkey Restaurant with Parking Lot

      Turnkey restaurant/luncheonette with parking lot available for sale.
      645 Hermann Rd, North Brunswick, NJ 08902
      View Details
    • $639,000
      2,400 SF

      North Brunswick Commercial Property For Sale

      2,400 SF office building on 10.6 acres in New Jersey.
      622 Georges Rd, North Brunswick, NJ 08902
      View Details
    • $1,100,000
      5,144 SF

      Professional Office Building For Sale

      Four-unit office building in North Brunswick, NJ. Fully occupied.
      1562 Us Hwy 130 Hwy, North Brunswick, NJ 08902
      View Details
    • $609,990
      2,100 SF

      North Brunswick Medical/Professional Office Condo

      2,100 SF first-floor condo with basement storage on Route 130.
      1598 Us Hwy 130 Hwy, North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      2,100 SF

      North Brunswick Medical/Professional Office Condo

      2,100 SF first-floor condo with basement storage on Route 130.
      1598 Us Hwy 130 Hwy, North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      1,200 SF

      Furnished Office Space Available

      Furnished office space with conference room and private office.
      1215 Livingston Ave, North Brunswick, NJ 08902
      View Details
    • Contact for pricing

      Retail Space with Shared Parking

      Retail space featuring a dedicated entrance and shared parking.
      North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      2,547 SF

      Medical/Professional Office Building For Sale

      2,547 SF medical/professional office building with infrastructure in place.
      854 Livingston Ave, North Brunswick, NJ 08901
      View Details
    • Contact for pricing
      200 SF

      Modern Office with Utilities Included

      Bright office space with hardwood floors, utilities included, ample parking.
      623 Georges Rd, North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      360 SF

      Modern Office with Utilities Included

      Well-maintained office space with utilities included and ample parking.
      623 Georges Rd, North Brunswick, NJ 08902
      View Details

    FAQs

    What type of property is this?
    Office units - Clean, well-maintained office space with utilities included and ample parking.
    Where is this office units located?
    The property is located at 623 Georges Rd, Unit 2B North Brunswick, NJ.
    What are key features of this property?
    This property features: - All utilities included (gas heat and central air).; - High visibility location on a well-traveled street.; - Ample parking in an open lot.
    (732) 658-6800
    Request Owner's contact information
    623 Georges Rd, Unit 2B North Brunswick, NJ 08902
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    623 Georges Rd, Unit 2B
    North Brunswick, NJ 08902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    623 Georges Rd, Unit 2B North Brunswick, NJ 08902
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John H Burke
    Real Estate License ID: 1221032
    (732) 658-6800 (732) 910-2994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!