Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    702 State Rte 18 Hwy East Brunswick, NJ 08816
    Back to Search
    Property profile & analytics

    702 State Rte 18 Hwy East Brunswick, NJ 08816

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 702 State Rte 18 Hwy

    Year built
    1952
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 702 N State Route 18 Highway in East Brunswick, New Jersey, presents a unique investment opportunity. This freestanding, two-story office building boasts a highly visible corner location directly on heavily traveled Route 18, offering easy access from Route 18 North and Kendal Road. The building, constructed in 1952, sits on a 0.186-square-foot lot and features a first-floor reception area, three offices, a storage room, and a private bath. A full basement provides ample storage with both inside and outside access. Upstairs, a second office suite offers a separate entrance, two additional offices, and a private bath. The building is energy-efficient, incorporating soundproofing with cellulose insulation in the walls. Recent upgrades include a roof and siding (less than 10 years old) and a heating and hot water system (less than 5 years old). Twelve parking spaces are currently available, with potential for expansion. The property's strategic location, coupled with its modern amenities and ample parking, makes it ideal for a variety of professional businesses, including but not limited to CPA firms, law offices, mortgage companies, insurance agencies, title companies, and IT firms. A nearby NYC bus stop adds to its convenient location. The asking price is $580,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3842
    Latitude
    40.4299

    Comparable in this City

    • Value Estimation by Request

      1076 State Rte 18 Hwy

      Office Spaces
      1076 State Rte 18 Hwy, East Brunswick, NJ 08816
      View Details
    • Value Estimation by Request

      214 State Rte 18 Hwy

      Office Spaces
      214 State Rte 18 Hwy, East Brunswick, NJ 08816
      View Details
    • Value Estimation by Request

      690 State Rte 18 Hwy

      Retail properties & Spaces
      690 State Rte 18 Hwy, East Brunswick, NJ 08816
      View Details
    • Value Estimation by Request
      915 SF

      561-53

      Land • 915 SF
      0 561-53, East Brunswick, NJ 08816
      View Details
    • Value Estimation by Request

      1069 Nj-18

      Restaurants
      1069 Nj-18, East Brunswick, NJ 08816
      View Details
    • Value Estimation by Request
      4,750 SF

      c2 Brier Hill Ct

      Office Spaces • 4,750 SF
      c2 Brier Hill Ct, East Brunswick, NJ 08816
      View Details

    Similar Nearby for Sale

    • $264,990
      780 SF

      Executive Office Condo, East Brunswick

      Move-in ready office, prime location.
      2 Brier Hill Ct, East Brunswick, NJ 08816
      View Details
    • $953,968
      4,750 SF

      East Brunswick Office Investment

      NJ Office Condo: 4,750 SF, 6.25% Cap Rate
      c2 Brier Hill Ct, East Brunswick, NJ 08816
      View Details
    • Contact for pricing
      15,000 SF

      East Brunswick Office Redevelopment Opportunity

      3.1-acre property with existing 20,000 SF office building.
      710B Old Bridge Tpke, East Brunswick, NJ 08816
      View Details
    • $639,900
      1,612 SF

      East Brunswick Commercial Building on Route 18

      Two-level commercial building on Route 18 with high visibility.
      729 State Route 18, East Brunswick, NJ 08816
      View Details
    • $750,000
      Pending

      East Brunswick Professional Office Building

      Multi-level office building on Route 18 in East Brunswick.
      1076 State Route 18, East Brunswick, NJ 08816
      View Details
    • $1,600,000
      2,826 SF

      East Brunswick Medical/Professional Office Building

      Freestanding medical/professional office building with residence for sale.
      123 Dunhams Corner Rd, East Brunswick, NJ 08816
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Cranbury Office Condo

      Move-in ready ground floor office
      2 Brier Hill Ct, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      East Brunswick Office Building Available

      Well-maintained office building with upgraded common areas and various suite sizes.
      1200 Tices Ln, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      Renovated East Brunswick Professional Building

      Newly renovated 17,000 sq ft building in East Brunswick.
      180 Tices Ln, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      East Brunswick Office Sublease Opportunity

      Sublease opportunity with flexible terms in East Brunswick, New Jersey.
      1200 Tices Ln, East Brunswick, NJ 08816
      View Details
    • Contact for pricing
      1,854 SF

      East Brunswick Office Space Available

      2330 square feet of office space for rent.
      754 State Route 18, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      Route 18 Corner Location

      2.38 acre commercial land for rent on Route 18.
      366 State Route 18, East Brunswick, NJ 08816
      View Details
    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.
    702 State Rte 18 Hwy
    East Brunswick, NJ 08816
    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
    702 State Rte 18 Hwy, East Brunswick, NJ, 08816
    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!