First-Floor Medical Office
For Sale
Contact for pricing
7 Auer Court, East Brunswick, NJ 08816
Well-equipped medical/professional suite with multiple exam rooms, ADA-compliant restroom, and dual entrances.
Property Size1,640 SF
Price / SF$243.90
Days on Market69
Property Features for 7 Auer Court
General Information
Standard status
Active
Size
1,640 SF
Total Parking Spaces
100
Property subtype
Office
Zoning
OP1
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Listing Agency:
Davis Commercial
Listed By:
Jonathan Benowitz · License #2079657
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 10 at 11:30AM
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 Davis Commercial
Investment Insights
Based on property information with market context.
7 A&B Auer Court is an approximately 1,640 SF first-floor medical/professional office condo within the Williamsburg Commons office complex. The unit has a waiting and reception area sized for patient flow, along with five exam rooms each with sinks, a lab, and an additional private office that can serve as a consultation room or break room. The suite includes two private in-suite restrooms, one of which is ADA compliant. For support and operations, there are two basement storage units. The layout also includes separate patient/customer and employee entrances, which can help streamline daily access.
The property is positioned within the complex just off Summerhill Road, with strong convenience to major routes. It is minutes from Route 18 and New Jersey Turnpike exits 8A and 9, providing practical access for staff, patients, and visitors. Williamsburg Commons is a professionally managed office complex with abundant parking, and the tenant base includes a mix of established medical practices and professional users.
This configuration is a strong fit for practices that require multiple treatment rooms and on-site work areas, including pediatric and family care, cardiology, dermatology, neurology, general practice, mental health, and other office-based specialties. It can also accommodate certain professional services such as counseling, CPAs, and attorneys, depending on suite needs. Signage opportunities are available, supporting patient and client identification.
The property is positioned within the complex just off Summerhill Road, with strong convenience to major routes. It is minutes from Route 18 and New Jersey Turnpike exits 8A and 9, providing practical access for staff, patients, and visitors. Williamsburg Commons is a professionally managed office complex with abundant parking, and the tenant base includes a mix of established medical practices and professional users.
This configuration is a strong fit for practices that require multiple treatment rooms and on-site work areas, including pediatric and family care, cardiology, dermatology, neurology, general practice, mental health, and other office-based specialties. It can also accommodate certain professional services such as counseling, CPAs, and attorneys, depending on suite needs. Signage opportunities are available, supporting patient and client identification.
Key Highlights
- Approximately 1,640 SF first‑floor medical/professional office condo in Williamsburg Commons (built 1988)
- Floor plan includes a waiting/reception area, lab, and five exam rooms with sinks
- Two private in‑suite restrooms, including one ADA‑compliant restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,840
$501.8K
Cap Rate 7%
$358,457
$358.5K
Cap Rate 9%
$278,800
$278.8K
Market Conditions
NOI Build-Up for 1,640 SF
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.
Gross rent
$49.2K $30.00/SF
− Vacancy
−$15.7K −$9.60/SF
EGI
$33.5K $20.40/SF
− OpEx
−$8.4K −$5.10/SF
NOI
$25.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,840
Cap Rate 7%
$358,457
Cap Rate 9%
$278,800
Alternative Uses
Best Use
Office B
$358.5K
$313.7K – $418.2K
NOI $25,092 @ 7.0% cap · market cap 6.27%
Second Best
Healthcare Medical
$348.8K
$305.2K – $407.0K
NOI $24,419 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Dr. Daniel Belli, VMD — 44 Arthur St, East Brunswick, NJ 08816
- Dr. Shruti Iyer, DVM — 44 Arthur St, East Brunswick, NJ 08816
- Dr. Justin Cutillo, DVM — 44 Arthur St, East Brunswick, NJ 08816
- Dr. Susan Sierke, DVM — 44 arthur st, east brunswick, nj 08816
- Dr. Jessica Francisco, DVM — 44 Arthur St, East Brunswick, NJ 08816
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-equipped medical/professional suite with multiple exam rooms, ADA-compliant restroom, and dual entrances.
Where is this medical office space located?
The property is located at 7 Auer Court East Brunswick, NJ.
What is the asking price?
The asking price for this property is $399,990.
What are key features of this property?
This property features: Approximately 1,640 SF first‑floor medical/professional office condo in Williamsburg Commons (built 1988); Floor plan includes a waiting/reception area, lab, and five exam rooms with sinks; Two private in‑suite restrooms, including one ADA‑compliant restroom
