Technical
Financial
Distress signals
Property profile

281 Centennial Ave Piscataway, NJ 08854

OFF-MARKET
Industrial properties
Property ID
US59-1540241
40,838 SF 5 ac lot Built 1972
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 41,309-square-foot flex/office building presents a unique investment opportunity in Piscataway, New Jersey. Situated on a generous 5-acre lot, the property boasts ample paved parking. The building features approximately 3,000 square feet of warehouse space with a desirable 16-foot clear ceiling height, perfect for various industrial uses. Two platform loading docks ensure efficient loading and unloading operations. The property is zoned Light Industrial (LI-5), offering flexibility for a range of businesses. A significant advantage is the inclusion of a fully owned solar system, providing substantial energy cost savings. Its strategic location provides excellent access to major transportation arteries, including I-287 (Exits 8 & 9), Route 22, Route 1, the New Jersey Turnpike, and the Garden State Parkway, ensuring seamless connectivity throughout the region. Built in 1973, this single-story building presents potential for expansion or redevelopment, making it an attractive proposition for businesses seeking a versatile and well-located industrial space in Middlesex County. The property is owner-used and offers significant potential for future growth.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1972
Total area 40,838 SF
Lot 5 ac (217,800 SF)
Zoning code LI5
APN 17 04001-0000-00005
UPID US59-1540241

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
  • General Contractor
  • General Contractor Construction Company

Location

281 Centennial Ave Piscataway, NJ 08854-3949
Piscataway metro Census 702 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2025
Last sale
$10.5M
5 recorded transactions
2025
$10.5M
2025
Price N/A
2023
Price N/A
2019
$3.8M
1969
Price N/A

Zoning & alternative use

LI5 · Piscataway, NJ

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 281 Centennial Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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