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    33 Nj-27 Edison, NJ 08820

    Sponsored
    For Sale
    $3,650,000

    High-traffic corner lot, strong NOI, immediate income.

    Property size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, located at 33 Route 27 in Edison, NJ, offers a compelling investment opportunity. The 2,900 square foot building, constructed in 1997 and renovated in 2022, sits on a 0.49-acre lot zoned GB. Currently, it features a partially leased space, with InFocus Urgent Care occupying 1,672 square feet. An additional 1,228 square feet, including a drive-thru, is available for lease, presenting significant upside potential. The property boasts a strong pro-forma NOI of $180,000 and a pro-forma cap rate of 4.93%. The current lease with InFocus Urgent Care is a NNN lease with a franchisee tenant, running for 10 years commencing May 1, 2022, with two five-year options. The property's prime location near major retailers such as McDonald's, Starbucks, and Menlo Park Mall, ensures high visibility and traffic. The building is a single-story structure with excellent access from a traffic-controlled intersection. This fee-simple ownership opportunity is ideal for a 1031 exchange. The asking price is $3,650,000, translating to $1,258.62 per square foot. The property is currently 58% occupied, with full occupancy expected by July 25, 2024.

    Property Features for 33 Nj-27

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,900 SF
    Class
    A
    Lot Size
    21,344 SF

    Building Details

    Year Built/Renovated
    1997/2022
    Buildings
    1
    Stories
    1

    HighLights

    • 2,900 SF total building size, comprised of two units.
    • 1,672 SF occupied by InFocus Urgent Care.
    • 1,228 SF vacant unit with drive‑thru capability.
    • 0.49‑acre lot.
    • $180,000 Net Operating Income (NOI).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Edison
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3443798
    Latitude
    40.5562287

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner lot, strong NOI, immediate income.
    Where is this individual retail property located?
    The property is located at 33 Nj-27 Edison, NJ.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: 2,900 SF total building size, comprised of two units.; 1,672 SF occupied by InFocus Urgent Care.; 1,228 SF vacant unit with drive-thru capability.
    Request Owner's contact information
    33 Nj-27 Edison, NJ 08820
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    Edison, NJ 08820
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    Realmo Value Estimation

    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.

    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.

    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
    33 Nj-27 Edison, NJ 08820
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