575 Cranbury RdEast Brunswick, NJ 08816
- Office properties
- 1,140 SF
Property Details for 575 Cranbury Rd
- Year built
- 1985
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 1,140 SF
- Zone code
- OP1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 04 00319-0000-00038-0000-C0007
- APU
- 04003190000000380000C0007
Description
This 570-square-foot office condo, located at 575 Cranbury Road #3A in East Brunswick, New Jersey, presents a fantastic opportunity for a sole practitioner or a secondary office. Situated on the ground floor for easy access, this 1985-built property boasts a welcoming reception area, a private bathroom with a shower, one smaller office, and one large office. A full 570-square-foot basement provides ample storage space for files, products, or equipment. Conveniently located on Cranbury Road, it offers easy access to Routes 18, 1, 9, and the New Jersey Turnpike (exits 8A & 9). The property is perfect for various professional uses, including counseling, therapy, chiropractic, physical therapy, psychiatry, accounting, or legal practices. Annual real estate taxes are $3,187, and association fees are $720 per year. Currently, the property is seller-occupied. This is a first-time-to-market listing priced at $159,000. The property is a single-story building and is part of a commercial and executive office complex.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $188,476
- 6.5%
- $173,978
- 7%
- $161,551
-
Comparable approach
- Method
- Valuation
- Relative Method
- $148,952
- Geo Method
- $148,952
-
Alternative Use
- Use
- Valuation
- Residential
- $215,733
- Hospitality
- $197,610
- Educational
- $164,409
- Medical
- $170,063
- Retail
- $255,748
Location Insight
- City
- East Brunswick
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.4124
- Longitude
- -74.4185
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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