Property profile

1 Ethel Rd Edison, NJ 08817

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This exceptional 3,374 square foot single-tenant office condo is situated on a 6.83-square-foot lot at 1 Ethel Road #101B. The property boasts a highly convenient location and is newly remodeled, making it ideal for a variety of professional uses, particularly medical practices. The building features ample parking with 600 spaces available. The interior is currently configured with exam rooms and two full bathrooms, strongly suggesting a medical application. The property is zoned ROL and has an APN of 861056056. This is a single-story building with one suite. The Net, Net, Net (NNN) lease rate is $7.90 per square foot, which includes building maintenance, ground maintenance, taxes, and building repair reserves. This turnkey opportunity presents a rare chance to acquire a move-in ready, upscale office space in a desirable location. The property's existing layout and amenities make it particularly well-suited for medical professionals, but its versatile design could accommodate a range of other professional office uses. The abundance of parking ensures convenient access for both staff and clients. This is a fantastic investment opportunity in a thriving area.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Supply Store
  • Tax Preparation
  • Pediatrician Medical Clinic
  • Physician
  • Medical Clinic

Location

1 Ethel Rd Edison, NJ 08817
Edison metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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