Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Furnished Office Condo Title is generated by Realmo AI

    2050 State Route 27 Street # 209, North Brunswick, NJ 08902

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fully furnished office condo with private offices and conference room.

    Type:Land, Office
    Added:
    May 30, 2023
    Days on Market:
    1102
    Last Refresh:
    May 12 at 8:53 pm

    Property Features for 2050 State Route 27 Street # 209

    General Information

    Standard status
    Active
    Property subtype
    Land, Office

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    ELBA LUPO

    Listing agent ELBA LUPO License #0015437

    Listing office EXP REALTY, LLC

    Listing date May 30, 2023

    Source Crexi

    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

    HighLights

    • Fully furnished modern office condo with 7 private offices, conference room, break room, and reception area.
    • Strategically located with easy access to Rt. 1, NJ Turnpike, hospitals, and Rutgers University.
    • Wonderfully maintained building with beautiful common areas and ample parking.
    • Includes a smoke room.
    • Equipped with security system, central heating, and air conditioning.
    • High ceilings.

    Overview

    This modern, fully furnished office condo is available for sale or lease. The spacious floorplan includes 7 private offices, a conference room, a break room, a smoke room, and a reception area. The building is well-maintained and features attractive common areas and ample parking. It is strategically located with convenient access to Route 1, the New Jersey Turnpike, hospitals, and Rutgers University. Features include a security system, signage, central heating, high ceilings, drop ceiling, air conditioning, a kitchen, and a smoke room. This office condo offers a suitable space for teams.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.510378
    Latitude
    40.45752

    Nearby Similar for Sale

    • $2,750,000
      9,999 SF

      Commercial Buildings on Georges Road

      Two buildings on one lot, ideal for investment.
      643 Georges Road, North Brunswick, NJ 08902
      View Details
    • $1,100,000
      5,144 SF

      Professional Office Building For Sale

      Four-unit office building in North Brunswick, NJ. Fully occupied.
      1562 US Highway 130, North Brunswick, NJ 08902
      View Details
    • $25
      2,100 SF

      North Brunswick Medical/Professional Office Condo

      First-floor condo with basement storage on Route 130.
      1598 Us Highway 130, North Brunswick, NJ 08902
      View Details
    • $639,000
      2,400 SF

      North Brunswick Commercial Property For Sale

      2,400 SF office building on 10.6 acres in New Jersey.
      622 Georges Road, North Brunswick, NJ 08902
      View Details
    • $649,900
      1,792 SF

      Two-Family Brick Residence

      Well-maintained two-family brick residence on a spacious corner lot.
      40 Cleremont Avenue, North Brunswick, NJ 08902
      View Details
    • $559,000
      2,100 SF

      North Brunswick Medical/Professional Office Condo

      First-floor condo with basement storage on Route 130.
      1598 Us Highway 130, North Brunswick, NJ 08902
      View Details
    • $1,900
      4,824 SF

      North Brunswick Commercial Space Available

      Commercial space available off Route 1 in North Brunswick.
      505 Milltown Road, North Brunswick, NJ 08902
      View Details
    • $650,000

      North Brunswick Duplex with Basements

      Two-family duplex with finished basements and large backyard.
      1033 Grove Street, North Brunswick, NJ 08902
      View Details
    • $22
      1,570 SF

      North Brunswick Commercial Space Available

      Retail, medical, office, or educational spaces in North Brunswick.
      0-2-4-6 Towne Center Drive, North Brunswick, NJ 08902
      View Details
    • $3,200
      1,234 SF

      Turnkey Restaurant with Parking Lot

      Turnkey restaurant/luncheonette with parking lot in North Brunswick, NJ.
      645 Hermann Road, North Brunswick, NJ 08902
      View Details
    • $320,000
      1,601 SF

      Medical/Professional Office Space Available

      Medical/Professional office building near major routes and hospitals.
      622 Georges Road, North Brunswick, NJ 08902
      View Details
    • $650,000
      1,764 SF

      North Brunswick Duplex with Basements

      Two-family duplex with finished basements and large backyard.
      North Brunswick, NJ 08902
      View Details

    FAQs

    What type of property is this?
    Office units - Fully furnished office condo with private offices and conference room.
    Where is this office units located?
    The property is located at 2050 State Route 27 Street # 209 North Brunswick, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Fully furnished modern office condo with 7 private offices, conference room, break room, and reception area.; Strategically located with easy access to Rt. 1, NJ Turnpike, hospitals, and Rutgers University.; Wonderfully maintained building with beautiful common areas and ample parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    ELBA LUPO
    Real Estate License ID: 0015437
    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
    2050 State Route 27 Street # 209, North Brunswick, NJ 08902
    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!