29 Meridian Rd Edison, NJ 08820-2823
Property Lookup
Property profile & analytics
29 Meridian Rd Edison, NJ 08820-2823
- Industrial properties
- 1.10 lot acres
Property ID
US59-1126810
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- DaVita Edison Dialysis / Medical Clinic
Property Details for 29 Meridian Rd
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.10 lot acres
- Zone code
- RI
- Property type
- Industrial properties
- APN
- 05 00546- 40-00021
- APU
- 5005464000021
Description
This exceptional investment opportunity presents a fee-simple, single-tenant medical office building totaling 10,300 square feet, situated on a 1.5-acre lot in Edison, New Jersey. The property is 100% occupied by DaVita, a publicly traded company (NYSE: DVA), under a net lease with a corporate guarantee. The lease features a substantial remaining term of 6.3 years, expiring February 28, 2031, and includes three five-year renewal options. Rent bumps are built in, with a 5% increase scheduled for February 28, 2026, and subsequent 10% increases in each option period. The property boasts a strong 6.24% cap rate based on a current Net Operating Income (NOI) of $221,450. Built in 1970 and renovated in 2002, the single-story building benefits from a new roof installed in 2018 at a cost of $130,000. Located at 29 Meridian Rd, Edison, NJ 08820, this asset is strategically positioned in a high-income demographic area, approximately 50 miles southwest of New York City, with over 356,000 households within a 5-mile radius and a 2-mile average household income of $158,881. The asking price for this exceptional investment is $3,550,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,420,000
- ML approach
- $3,370,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Edison
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.3478
- Latitude
- 40.5746
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$25,906
$160,000
$294,100
$454,100
-
$160,000
$294,100
$454,100
