Two-Story Medical
New
For Sale
Contact for pricing
72 State Route 27, Edison, NJ 08820
Existing clinical improvements include plumbed exam rooms, therapy areas and an x-ray room.
Property Size4,160 SF
Days on Market4
Property Features for 72 State Route 27
General Information
Standard status
Active
Size
4,160 SF
Total Parking Spaces
14
Property subtype
Commercial
Zoning
OS-2
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$33,383
Building Details
Building Size
4,160 SF
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
Keller Williams Elite, Realtors
Listed By:
UMANG SWALI
(908) 705-1547
Source:
Elliman
Added: Oct 19
Last Checked: Oct 20 at 10:30PM
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 Keller Williams Elite, Realtors
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Investment Insights
Based on property information with market context.
This two-story medical office building contains 4,160 square feet, with a 1,040-square-foot suite configuration also described. The first floor includes reception and waiting areas, five exam rooms—two with plumbing—an open physical therapy area and a bathroom. Upstairs are five more exam rooms, four with plumbing, an x-ray room, another therapy area and two bathrooms. Built in 1984, the property has been renovated and includes 14 on-site parking spaces.
The property fronts Route 27, with 80 feet of frontage and reported traffic of about 17,000 vehicles per day. OS-2 zoning allows medical, dental, professional office and bank uses. Nearby destinations include Metropark Station, JFK Medical Center, Metuchen train station and Menlo Park Mall.
The property fronts Route 27, with 80 feet of frontage and reported traffic of about 17,000 vehicles per day. OS-2 zoning allows medical, dental, professional office and bank uses. Nearby destinations include Metropark Station, JFK Medical Center, Metuchen train station and Menlo Park Mall.
Key Highlights
- 4,160‑square‑foot, two‑story building; 1,040‑square‑foot suite configuration also available
- 10 exam rooms, including 6 with plumbing
- Two open physical therapy areas and an x‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,496
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,920
$1.2M
Cap Rate 7%
$835,657
$835.7K
Cap Rate 9%
$649,956
$650.0K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$104.8K $25.20/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$97.5K $23.44/SF
− OpEx
−$39.0K −$9.37/SF
NOI
$58.5K $14.06/SF
Area
Edison, NJ
Vacancy
7.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,920
Cap Rate 7%
$835,657
Cap Rate 9%
$649,956
Alternative Uses
Best Use
Office B
$970.8K
$849.4K – $1.13M
NOI $67,954 @ 7.0% cap · market cap 2,718.16%
Second Best
Healthcare Medical
$835.7K
$731.2K – $974.9K
NOI $58,496 @ 7.0% cap · market cap 2,339.84%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,377 @ 7.0% cap · market cap 3,775.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08820, NJ
41,169
Population
13,215
Households
3.1
Avg Household Size
42
Median Age
71%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
3,959
Density / Sq Mi
$168,453
Median Household Income
$86,386
Median Earnings
$1,925
Median Rent
$597,700
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?
Medical Office Space - Existing clinical improvements include plumbed exam rooms, therapy areas and an x-ray room.
Where is this medical office space located?
The property is located at 72 State Route 27 Edison, NJ.
What are key features of this property?
This property features: 4,160‑square‑foot, two‑story building; 1,040‑square‑foot suite configuration also available; 10 exam rooms, including 6 with plumbing; Two open physical therapy areas and an x‑ray room
