Medical Office
For Sale
Contact for pricing
636 Easton Ave, Somerset, NJ 08873
Office property along Easton Ave suited to medical and other professional practices.
Property Size7,150 SF
Price / SF$0.42
Days on Market47
Property Features for 636 Easton Ave
General Information
Standard status
Active
Size
7,150 SF
Building Details
Year Built
1970
Listing Agency:
RE/MAX OUR TOWN
Listed By:
VINCENT BARICAUA · License #998102446
(732) 249-1005
Source:
Thebansalteam
Added: Sep 4
Changed: Oct 7
Last Checked: Oct 7 at 5:47PM
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 RE/MAX OUR TOWN
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Investment Insights
Based on property information with market context.
This 7,150-square-foot medical office property was built in 1970 and is positioned along Easton Ave in Franklin Twsp, New Jersey. The asset is suited to medical, dental, therapy, counseling, and general professional office uses.
The property benefits from exposure along Easton Ave and access to the surrounding Franklin Twsp area. Additional stated use categories include legal, accounting, insurance, financial services, architectural, engineering, consulting, administrative, and nonprofit offices.
The property benefits from exposure along Easton Ave and access to the surrounding Franklin Twsp area. Additional stated use categories include legal, accounting, insurance, financial services, architectural, engineering, consulting, administrative, and nonprofit offices.
Key Highlights
- 7,150‑square‑foot medical office property
- Built in 1970
- Located at 636 Easton Ave, Franklin Twsp, NJ 08873
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,461
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,129,220
$2.1M
Cap Rate 7%
$1,520,871
$1.5M
Cap Rate 9%
$1,182,900
$1.2M
Market Conditions
NOI Build-Up for 7,150 SF
Gross rent
$188.8K $26.40/SF
− Vacancy
−$11.3K −$1.58/SF
EGI
$177.4K $24.82/SF
− OpEx
−$71.0K −$9.93/SF
NOI
$106.5K $14.89/SF
Area
Somerset County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,129,220
Cap Rate 7%
$1,520,871
Cap Rate 9%
$1,182,900
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,395 @ 7.0% cap · market cap 3,646.50%
Second Best
Healthcare Medical
$1.52M
$1.33M – $1.77M
NOI $106,461 @ 7.0% cap · market cap 3,548.70%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,691 @ 7.0% cap · market cap 4,356.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
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
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office property along Easton Ave suited to medical and other professional practices.
Where is this medical office space located?
The property is located at 636 Easton Ave Somerset, NJ.
What are key features of this property?
This property features: 7,150‑square‑foot medical office property; Built in 1970; Located at 636 Easton Ave, Franklin Twsp, NJ 08873
