Spacious Office Space in Old
300 Perrine Road, Old Bridge, NJ 08857
2,250 sqft office space in a prime Old Bridge location.
Type:Office
Property size:
2,250 SFPrice / SF:
$288/SF- Added:
- Feb 1, 2024
- Days on Market:
- 852
- Last Refresh:
- May 13 at 8:18 pm
Property Features for 300 Perrine Road
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Office
Building Details
- Year Built
- 2010
Listing agent RAYMOND EPSHTEYN
Listing office KELLER WILLIAMS WEST MONMOUTH
Listing date Feb 1, 2024
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 KELLER WILLIAMS WEST MONMOUTH
HighLights
- Spacious 2,250 sqft office space suitable for various business types.
- Prime location at 300 Perrine Rd in Old Bridge, NJ.
- Conveniently situated at the intersection of US RT 9 and State Highway 34 with close proximity to major highways.
- Modern facility built in 2010.
- Features a beautiful lobby with elevators and marble floors.
- Ample parking and plenty of natural light.
Overview
This 2,250 sqft office space is located at 300 Perrine Rd in Old Bridge, NJ. The modern office space features a versatile layout suitable for various business needs, including a medical office, legal practice, trading/business center, accounting firm, or tech facility/studio. The facility includes a lobby with elevators and marble floors, ample parking, and a bright, airy atmosphere with natural light. It is conveniently situated at the intersection of US RT 9 and State Highway 34 and offers close proximity to major highways, providing an ideal setting for business operations. This space is suitable for establishing a new office or expanding current operations.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $30.00 |
| − Vacancy | −$21.6k | −$9.60 |
| EGI | $45.9k | $20.40 |
| − OpEx | −$11.5k | −$5.10 |
| NOI | $34.4k | $15.30 |
2,250 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$491.8K
$430.3K – $573.8K
NOI $34,425 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.5K
$514.1K – $685.4K
NOI $41,126 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Samra Plastic Surgery: ...
Physician
Samra Plastic Surgery: ...
Physician
Joseph Simone, NP, ...
Physician
Old Bridge Primary ...
Physician
Ani Medical Group
Physician
Location Insight
- Map
- Local Demand
- City
- Old Bridge
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.3000567
- Latitude
- 40.4342439
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 2,250 sqft office space in a prime Old Bridge location.
Where is this office units located?
The property is located at 300 Perrine Road Old Bridge, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Spacious 2,250 sqft office space suitable for various business types.; Prime location at 300 Perrine Rd in Old Bridge, NJ.; Conveniently situated at the intersection of US RT 9 and State Highway 34 with close proximity to major highways.
