530 Green St Iselin, NJ 08830
- Office buildings
- 19,647 SF
- 0.62 lot acres
Current Use by Public Records
- Dr. Babar Mirza, MD / Internist
- Hematology & Oncology Cancer Care Center / Cancer Treatment Center / Oncologist
- HOC Drip / Medical Clinic
- Figen Altunkaya / Pediatrician
- Dr. Nayla Mumneh / Allergist
Property Details for 530 Green St
- Year built
- 2003
- Lot size
- 0.62 lot acres
- Property size
- 19,647 SF
- Zone code
- B-3
- Property type
- Office buildings
- APN
- 25 00404- 07-00001
- APU
- 25004040700001
Description
This exceptional Class A medical office building, located at 530 Green Street in Woodbridge Township, New Jersey (zip code 08830), presents a compelling investment opportunity. The 23,000 square foot, three-story building boasts a multi-tenant occupancy with four established tenants currently under long-term leases. The property enjoys excellent visibility and convenient access to major transportation arteries, including proximity to the Woodbridge Commuter Rail (1.4 miles), Avenel Commuter Rail (2.0 miles), Newark Airport (15.1 miles), Garden State Parkway (GSP), I-287, NJ Turnpike, and Routes 1 & 9. Ample parking is provided with 75 spaces on the 0.62-acre site. The building underwent renovations in 2003. This offering includes a significant bonus: a vacant 100x200 foot lot is also included in the purchase price, presenting additional development potential. The property's location near shops, banks, and restaurants further enhances its appeal and value. This is a fully occupied, stable investment with strong long-term prospects. Middlesex County location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,035,000
- 6.5%
- $5,345,000
- 7%
- $5,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,035,000
- Geo Method
- $4,835,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,505,000
- Retail
- $5,370,000
- Mixed-Use
- $5,095,000
- Hospitality
- $5,085,000
- Educational
- $5,385,000
- Residential Income
- $4,890,000
- Energy
- $4,575,000
- Income-Based Land
- $5,685,000
- Food Service
- $4,580,000
Location Insight
- Map
- Local Demand
- City
- Iselin
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2986
- Latitude
- 40.5623
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA