Mixed-Use Building with Income
For Sale
Contact for pricing
637 Georges Road, North Brunswick, NJ 08902
Mixed-use building featuring offices and a residential apartment.
Property Size3,203 SF
Price / SF$135.81
Days on Market935
Property Features for 637 Georges Road
General Information
Standard status
Active
Size
3,203 SF
Total Parking Spaces
7
Property subtype
Special Purpose, Land
Building Details
Year Built
1940
Stories
2
Listing Agency:
GLORIA ZASTKO, REALTORS
Listed By:
ANDREW ZASTKO
(732) 297-0600
Source:
Crexi
Added: Mar 16, 2024
Changed: Sep 11
Last Checked: Oct 5 at 6:30PM
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 GLORIA ZASTKO, REALTORS
Investment Insights
Based on property information with market context.
This mixed-use building is located near public transit and a train station. It features two separate office spaces and a large three-bedroom residential apartment. Zoned in a C1 business district, the front office includes a large area and a private office with a half bath. The side office has been completely renovated, featuring a receptionist area, a large waiting room, and five private office rooms, each with its own sink. Additionally, this office suite contains a fully lead-lined X-ray room, two half baths, and a shower stall. This office is turnkey ready for a doctor, chiropractor, physical therapist, or many other practices. The property also includes an income-producing residential apartment featuring three bedrooms, a full bath, a living room, and an eat-in kitchen. The basement is partially finished and has an outside entry. Many of the mechanical systems have been recently upgraded. The property size is 3203 square feet.
Key Highlights
- Mixed‑use building featuring two offices and a 3‑bedroom apartment.
- Zoned C1 business district.
- One office is turnkey ready for medical practices, featuring 5 private rooms with sinks, X‑ray room, and shower.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,714
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,280
$554.3K
Cap Rate 7%
$395,914
$395.9K
Cap Rate 9%
$307,933
$307.9K
Market Conditions
NOI Build-Up for 3,203 SF
Gross rent
$50.7K $15.84/SF
− Vacancy
−$6.4K −$2.00/SF
EGI
$44.3K $13.84/SF
− OpEx
−$16.6K −$5.19/SF
NOI
$27.7K $8.65/SF
Area
Middlesex County, NJ
Vacancy
12.60%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,280
Cap Rate 7%
$395,914
Cap Rate 9%
$307,933
Alternative Uses
Best Use
Office B
$700.1K
$612.6K – $816.8K
NOI $49,006 @ 7.0% cap · market cap 11.27%
Second Best
Healthcare Medical
$681.3K
$596.1K – $794.9K
NOI $47,691 @ 7.0% cap · market cap 10.96%
Theoretical Best
Office A
$836.4K
$731.8K – $975.8K
NOI $58,546 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
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
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring offices and a residential apartment.
Where is this mixed-use property located?
The property is located at 637 Georges Road North Brunswick, NJ.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Mixed‑use building featuring two offices and a 3‑bedroom apartment.; Zoned C1 business district.; One office is **turnkey ready for medical practices**, featuring 5 private rooms with sinks, X‑ray room, and shower.
