Corner Two-Story Office
702 N State Route 18 Highway East Brunswick, NJ 08816
For Sale
Under Contract
$580,000
COMMERCIAL - East Brunswick, NJ
Property Size1,201 SF
Lot Size0.19 Acres
Price / SF$482.93
Days on Market653
Property Features for 702 N State Route 18 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HC2
- Parking
- 12
- Interior features
- Carpeting, Lighting Fixtures, Paneling, Wall Covering
- Standard status
- Active Under Contract
- APN
- 04000900300010
- Size
- 1,201 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9017
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 2
- Flooring type
- Tile, Carpet, Paneling, Wall covering, Lighting fixtures
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
Stacy Stoupas
(866) 201-6210
Added: Oct 12, 2024
Changed: Jul 13
Last Checked: Jul 26 at 9:06AM
MLS# 2504750R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding corner two-story office building designed for professional use. The first floor includes a reception area, three offices, a storage room, and a private bath. A full basement is available with both inside and outside access. The second-floor office suite has its own separate entrance and includes two offices and a private bath.
The property is highly visible on heavily traveled Route 18, with easy access from Route 18 North or Kendal Road. It is configured as an established office environment and includes 12 parking spaces, with potential for additional parking.
This layout can support a range of office users seeking multiple private rooms and a receptionist-ready entry. The combination of first-floor and separate upstairs access may be practical for a single tenant with multiple teams or for a company that wants flexible internal separation. Recent building improvements include a roof and siding installed approximately 10 years ago, with heating and hot water installed approximately 5 years ago. Soundproofing is supported by blowing cellulose insulation into the walls, and the building is described as energy efficient. Prior use is noted as an insurance office, and nearby public transit is described as a NYC bus located about a block away.
The property is highly visible on heavily traveled Route 18, with easy access from Route 18 North or Kendal Road. It is configured as an established office environment and includes 12 parking spaces, with potential for additional parking.
This layout can support a range of office users seeking multiple private rooms and a receptionist-ready entry. The combination of first-floor and separate upstairs access may be practical for a single tenant with multiple teams or for a company that wants flexible internal separation. Recent building improvements include a roof and siding installed approximately 10 years ago, with heating and hot water installed approximately 5 years ago. Soundproofing is supported by blowing cellulose insulation into the walls, and the building is described as energy efficient. Prior use is noted as an insurance office, and nearby public transit is described as a NYC bus located about a block away.
Key Highlights
- Corner, freestanding 2‑story office building on heavily traveled Route 18 with easy access from Rt 18 N or Kendal Rd
- 1st floor offers reception area, 3 offices, storage room, and private bath; basement includes inside and outside access
- 2nd floor has an upstairs office with a separate entrance, plus 1 additional office and a private bath
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 | $36.0k | $30.00 |
| − Vacancy | −$11.5k | −$9.60 |
| EGI | $24.5k | $20.40 |
| − OpEx | −$6.1k | −$5.10 |
| NOI | $18.4k | $15.30 |
1,201 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$262.5K
$229.7K – $306.3K
NOI $18,375 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.6K
$274.4K – $365.9K
NOI $21,952 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two-story freestanding office with separate upstairs access, basement access, and dedicated parking off heavily traveled Route 18.
Where is this office building located?
The property is located at 702 N State Route 18 Highway East Brunswick, NJ.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Corner, freestanding 2‑story office building on heavily traveled Route 18 with easy access from Rt 18 N or Kendal Rd; 1st floor offers reception area, 3 offices, storage room, and private bath; basement includes inside and outside access; 2nd floor has an upstairs office with a separate entrance, plus 1 additional office and a private bath
