Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    71 Paterson St New Brunswick, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Build-to-suit office or R&D facility with 28,572 SF available.

    Type:OFFICE
    Property size:
    28,572 SF
    Lot size:
    1.46 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    271
    Last Refresh:
    Apr 5 at 10:45 pm

    Property Features for 71 Paterson St

    General Information

    Standard status
    Active
    Size
    28,572 SF
    Lot size
    1.46 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 71 Paterson St Contact us

    We can help!

    Listing Contact
    Blake J. Goodman

    Listing agent Blake J. Goodman License #0343916

    Listing office JLL | Parsippany

    Listing date Aug 6, 2025

    Source Moodyscre

    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 JLL | Parsippany

    Overview

    Office/R&D Build-to-Suit Opportunity

    This property offers a build-to-suit opportunity for a corporate office or R&D facility. The available space ranges from approximately 300,000 to 400,000 square feet. The property is located at 71 Paterson St, New Brunswick, NJ and has a property size of 28,572 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Cutcheon Robert ... Law Firm John C Sinuk ... Law Firm Bail Bonds Express Law Firm Peter J Selesky ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • I&R Computer LLC — 268 Drift St, New Brunswick, NJ 08901
    • Community Sound — 154 Commercial Ave, New Brunswick, NJ 08901
    • Wifi Phone Repair — 304 Handy St, New Brunswick, NJ 08901
    • KNIGHTS PHONE REPAIRS AND Computer Repair Service — 304 Handy St, New Brunswick, NJ 08901
    • VIP REPAIR LLC - Cell Phones & Computer Repair Service & Verizon, AT&T, T-Mobile Prepaid — 211 French St, New Brunswick, NJ 08901

    Location Insight

    • Map
    • Local Demand
    City
    New Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4463
    Latitude
    40.4949

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      NJ, New Brunswick - Plaza II

      317 George St, Unit 320, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      NJ, Brunswick - Easton Ave

      37 Easton Ave, Unit 2ND, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Unit Near Major Routes

      12,000 SF flex space with tailgates and drive-in.
      6 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space Near Major Routes

      Flex/industrial space available with easy highway access.
      7 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space Near Major Routes

      12,000 SF industrial unit with tailgates and drive-in access.
      6 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Unit with Easy Access

      7,380 SF industrial unit with tailgates and drive-in access.
      14 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Units for Lease

      Industrial units available with easy highway access and parking.
      11 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space with Easy Access

      7,380 SF industrial unit with tailgates and drive-in.
      14 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Industrial Space Near Major Routes

      Industrial spaces available with easy access to major transportation routes.
      7 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Warehouse Space with Easy Access

      Warehouse space available with convenient highway access and parking.
      11 Jules Ln, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      Commercial Space in New Brunswick

      Commercial space available for rent in New Brunswick, NJ.
      71 Paterson St, New Brunswick, NJ 08901
      View Details
    • Contact for pricing

      New Brunswick Commercial Space Available

      Commercial space for lease with easy highway access in New Brunswick.
      7 Jules Ln, New Brunswick, NJ 08901
      View Details

    FAQs

    What type of property is this?
    Office property - Build-to-suit office or R&D facility with 28,572 SF available.
    Where is this office property located?
    The property is located at 71 Paterson St New Brunswick, NJ.
    What are key features of this property?
    This property features: Build‑to‑Suit Opportunity; Corporate Office/R&D Facility; Size Range: ±300,000 - ±400,000 SF
    (973) 829-4800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Blake J. Goodman
    Real Estate License ID: 0343916
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    71 Paterson St, New Brunswick, NJ

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!