First-Floor Two Office
For Sale
$1,125,000
7-10 Wills Way Unit 7-10, Piscataway, NJ 08854
First-floor office units are available with the option to lease or sell separately.
Property Size5,000 SF
Price / SF$225
Days on Market68
Property Features for 7-10 Wills Way Unit 7-10
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Additional Details
Floor
First floor
Building Details
Year Built
2010
Listing Agency:
REALTY NETWORK
Listed By:
ROBERT BERLANT
(833) 740-1234
Source:
Actionplusrealty
Added: May 26
Changed: Jul 30
Last Checked: Jul 31 at 4:21PM
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 REALTY NETWORK
Investment Insights
Based on property information with market context.
First-floor office space available as two separate units: Unit 7 and Unit 8. Each unit offers 2,500 SF, for a total of 5,000 SF, and can be leased or sold separately.
The property is located at 7-10 Wills Way, Unit 7-10, in Piscataway, NJ 08854. Built in 2010, the space is set up for office use within a dedicated multi-unit configuration.
This offering supports tenants or buyers who need a defined office footprint and want the flexibility of separate unit-level occupancy or ownership, rather than a single larger suite.
The property is located at 7-10 Wills Way, Unit 7-10, in Piscataway, NJ 08854. Built in 2010, the space is set up for office use within a dedicated multi-unit configuration.
This offering supports tenants or buyers who need a defined office footprint and want the flexibility of separate unit-level occupancy or ownership, rather than a single larger suite.
Key Highlights
- Unit 7 offers 2,500 SF and Unit 8 offers 2,500 SF
- Total building space: 5,000 SF
- First floor space available for lease or sale separately
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.0k | $30.00 |
| − Vacancy | −$48.0k | −$9.60 |
| EGI | $102.0k | $20.40 |
| − OpEx | −$25.5k | −$5.10 |
| NOI | $76.5k | $15.30 |
5,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$956.3K – $1.28M
NOI $76,500 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Demographics for 08854, NJ
60,545
Population
18,069
Households
3.4
Avg Household Size
34
Median Age
50%
College-Educated
92%
High-School Grad
18.9 sq mi
ZIP Area
3,203
Density / Sq Mi
$126,331
Median Household Income
$42,397
Median Earnings
$1,929
Median Rent
$423,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office units are available with the option to lease or sell separately.
Where is this office units located?
The property is located at 7-10 Wills Way Unit 7-10 Piscataway, NJ.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Unit 7 offers 2,500 SF and Unit 8 offers 2,500 SF; Total building space: 5,000 SF; First floor space available for lease or sale separately
