Freestanding Two-Story Office
For Sale
$569,900
702 State Route 18, East Brunswick, NJ 08816
Corner office property with flexible layouts, private bathrooms, basement storage, and separate upstairs access.
Property Size1,201 SF
Price / SF$474.52
Days on Market94
Property Features for 702 State Route 18
General Information
Standard status
Active
Size
1,201 SF
Total Parking Spaces
12
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,017
Amenities
private bath
storage room
full basement
Building Details
Buildings
1
Stories
2
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
STACY STOUPAS
(732) 547-5050
Source:
Exprealty
Added: Jul 17
Changed: Oct 11
Last Checked: Oct 16 at 1:52PM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This freestanding office building offers two levels of professional workspace along with a full basement accessible from both inside and outside. The first floor includes a reception area, three offices, a storage room, and a private bathroom. The upper level has two offices, a separate entrance, and its own private bathroom, allowing for distinct occupancy or operational separation.
The property sits at the corner of State Route 18 and Kendal Road in East Brunswick, with access from both Route 18 N and Kendal Road. Twelve parking spaces are provided, with potential for additional spaces. Building improvements include soundproofing and blown-cellulose wall insulation, a roof and siding replaced 10 years ago, and heating and hot water systems updated 5 years ago. An NYC bus stop is located a block away.
The property sits at the corner of State Route 18 and Kendal Road in East Brunswick, with access from both Route 18 N and Kendal Road. Twelve parking spaces are provided, with potential for additional spaces. Building improvements include soundproofing and blown-cellulose wall insulation, a roof and siding replaced 10 years ago, and heating and hot water systems updated 5 years ago. An NYC bus stop is located a block away.
Key Highlights
- Two‑story freestanding office building with full basement and separate inside/outside access
- First floor includes reception, 3 offices, storage room, and private bath
- Second level offers 2 offices, private bath, and separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,375
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,500
$367.5K
Cap Rate 7%
$262,500
$262.5K
Cap Rate 9%
$204,167
$204.2K
Market Conditions
NOI Build-Up for 1,201 SF
Gross rent
$36.0K $30.00/SF
− Vacancy
−$11.5K −$9.60/SF
EGI
$24.5K $20.40/SF
− OpEx
−$6.1K −$5.10/SF
NOI
$18.4K $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%
$367,500
Cap Rate 7%
$262,500
Cap Rate 9%
$204,167
Alternative Uses
Best Use
Office B
$262.5K
$229.7K – $306.3K
NOI $18,375 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.6K
$274.4K – $365.9K
NOI $21,952 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Corner office property with flexible layouts, private bathrooms, basement storage, and separate upstairs access.
Where is this office building located?
The property is located at 702 State Route 18 East Brunswick, NJ.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Two‑story freestanding office building with full basement and separate inside/outside access; First floor includes reception, 3 offices, storage room, and private bath; Second level offers 2 offices, private bath, and separate entrance
