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Property profile & analytics
FOR LEASE
Industrial properties
1 Corporate Pl South Piscataway, NJ 08854
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US59-1804229
For Lease
1 / 26
$21.50 SF/Yr
1 Corporate Pl South, Piscataway, NJ 08854
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Property summary
AI-generated overview
This exceptional 88,780 square foot Class B office building, located at 1 Corporate Place South in Piscataway, New Jersey, offers multiple executive office suites for lease. Built in 1981 and situated on a 5.48-acre lot in Middlesex County (zip code 08854), the property features a total of four suites, with available spaces ranging from 2,007 to 6,918 contiguous square feet. Currently, 16,681 square feet are vacant and ready for immediate occupancy. The building offers flexible lease terms and pricing, including fully gross leases with a subsidized tenant electric charge of $2 per square foot. Potential tenants can benefit from fully furnished, plug-and-play office options, and data center capabilities. The landlord is local and highly motivated, with additional properties in the area, and a local management company ensures efficient building operations. This presents a unique opportunity for businesses seeking high-quality office space in a convenient and well-managed location. The property's strategic location in Middlesex County provides easy access to major transportation routes and amenities.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1981
Total area
11,705 SF
Lot
5.48 ac (238,709 SF)
Zoning code
LI5
APN
17 05801-0000-00008
UPID
US59-1804229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
New Jersey One Call General Contractor Construction Company
-
ITWox Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Complete Solutions Tech Support Center IT Consulting Firm
-
Synechron, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Marlabs Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
52 Paterson Partners LLC · 8 yrs held
52 Paterson Partners LLC
since 2018
5 recorded transactions
Zoning & alternative use
LI5 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+20.9%
Apartment house (5+ units)
$2.9M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Piscataway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piscataway submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,190,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,650,000
Current use
OFFICE BUILDING
$3,200,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,885,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,625,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$210,300
Tax year 2022
Assessed value
$9,270,000
Assessed 2023
Previous assessed
$9,270,000
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$4,050,000
Assessed improvement
$5,220,000
Land market value
$4,050,000
Improvement market value
$5,220,000
Total market value
$9,270,000
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1981
Heating
NONE
Total area
11,705 SF
Lot
5.48 ac (238,709 SF)
Zoning code
LI5
APN
17 05801-0000-00008
UPID
US59-1804229
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI5 · Piscataway, NJZoning LI5 · permitted uses
LI5 · Piscataway, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
5.48 ac
Current owner
From public records · entity-resolved
52 Paterson Partners LLC
Entity
Mailing address
242 OLD NEW BRUNSWICK RD, PISCATAWAY, NJ 08854-3754
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
—
52 Paterson Partners LLC
—
Deed
related
$900,000 · Lakeland Bank
May 4, 2018
$10,000,000
52 Paterson Partners LLC
Princeton Equities Bllc
Deed
$7,875,000 · Lakeland Bank
Dec 17, 2008
$9,377,189
Princeton Equities LLC
Marlabs Incorporated
Deed
$5,860,695 · Sovereign Bank
Sep 18, 2007
$7,560,840
Marlabs INC
Corporate Park Associates
Deed
—
—
—
Princeton Equities LLC
—
Deed Of Trust
related
$4,000,000 · Cross River Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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