Modern Office Space
For Sale
Contact for pricing
623 Georges Road 2b, North Brunswick, NJ 08902
Clean, well-maintained office space with utilities included and ample parking.
Property Size360 SF
Price / SF$2.22
Days on Market228
Property Features for 623 Georges Road 2b
General Information
Standard status
Active
Size
360 SF
Building Details
Year Built
1920
Listing Agency:
CENTURY 21 BURKE REALTY
Listed By:
JOHN H. BURKE · License #3522589
(732) 658-6800
Source:
Thebansalteam
Added: Mar 5
Changed: Oct 2
Last Checked: Oct 7 at 2:44PM
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 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.
Key Highlights
- All utilities included (gas heat and central air).
- High visibility location on a well‑traveled street.
- Ample parking in an open lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,160
$110.2K
Cap Rate 7%
$78,686
$78.7K
Cap Rate 9%
$61,200
$61.2K
Market Conditions
NOI Build-Up for 360 SF
Gross rent
$10.8K $30.00/SF
− Vacancy
−$3.5K −$9.60/SF
EGI
$7.3K $20.40/SF
− OpEx
−$1.8K −$5.10/SF
NOI
$5.5K $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%
$110,160
Cap Rate 7%
$78,686
Cap Rate 9%
$61,200
Alternative Uses
Best Use
Office B
$78.7K
$68.9K – $91.8K
NOI $5,508 @ 7.0% cap · market cap 688.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$94.0K
$82.3K – $109.7K
NOI $6,580 @ 7.0% cap · market cap 822.50%
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
808
Businesses Nearby
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
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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 - Clean, well-maintained office space with utilities included and ample parking.
Where is this office unit located?
The property is located at 623 Georges Road 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.
