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Property profile & analytics
FOR LEASE
Office buildings

1100 Centennial Ave 202 Piscataway, NJ 08854

16,635 SF 1.42 ac lot Built 2004
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US59-0303153
Property summary
AI-generated overview

This exceptional 16,453 square foot medical office space is available for lease in a prime Piscataway, NJ location. Situated in a two-story building on a 1.42-acre lot, this unit offers ample space and convenient amenities. Built in 2003, the building boasts a desirable mix of medical tenants, including a dentist, ophthalmologist, OB-GYN, and allergist. The unit itself comprises 8 rooms and 2 bathrooms, providing a versatile layout for a variety of medical practices. Currently, 2,096 square feet on the first floor is available for lease. The building offers convenient features such as 82 parking spaces and one elevator, ensuring easy access for patients and staff. The property benefits from its strategic location, just 6 miles from Saint Peter's University Hospital and 8 miles from JFK Medical Center, providing excellent access to healthcare resources and a strong patient base. Separate electric and gas meters offer efficient utility management. Each floor encompasses 8,226 square feet, providing a spacious and functional environment for a thriving medical practice. This is a rare opportunity to secure a well-located, sizable medical office space in a thriving community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction TYPE NOT SPECIFIED
Total area 16,635 SF
Lot 1.42 ac (61,855 SF)
Zoning code LI5
APN 17 05801-0000-00002
UPID US59-0303153
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
  • Dr. Alpesh A. Pate, MD Physician
  • Harmony OB/GYN - Piscataway Medical Clinic
  • Dr. Mark Weinstein Physician Medical Clinic
  • Rajvi Patel Physician
  • Ray Selbrena Corbin-Simon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.18M
Comparable Approach Comparable
$3.84M
Blend (final) Blend
$3.48M
Owner & transaction history
New Centennial LLC · 10 yrs held
New Centennial LLC
since 2015
4 recorded transactions
2015
$4.6M
2009
$3.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LI5 · Piscataway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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