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 Market166
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
(908) 704-1235
Source:
Actionplusrealty
Added: May 24
Changed: Nov 5
Last Checked: Nov 4 at 4:32PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$76,500
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,530,000
$1.5M
Cap Rate 7%
$1,092,857
$1.1M
Cap Rate 9%
$850,000
$850.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$48.0K −$9.60/SF
EGI
$102.0K $20.40/SF
− OpEx
−$25.5K −$5.10/SF
NOI
$76.5K $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%
$1,530,000
Cap Rate 7%
$1,092,857
Cap Rate 9%
$850,000
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office units are available with the option to lease or sell separately.
Where is this office unit 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
