24 Stelton RdPiscataway, NJ 08854

  • Commercial real estate
  • 7,200 SF
For Sale
$1,999,900 View listing

Property Details for 24 Stelton Rd

Year built
2010
Construction
BRICK
Lot size
0.64 AC
Property size (Sq ft)
7,200 SF
Zone code
BPII
Property type
Commercial real estate
APN
17 01901-0000-00067- 02
APU
170190100000006702

Description

This exceptional two-story, 7,200 square-foot commercial office building at 24 Stelton Road, Piscataway, NJ 08854, presents a unique investment opportunity. The property, zoned BPII, sits on a 0.637-acre lot and features ample parking for 10 vehicles. Currently configured as a medical office, the space includes a finished lobby with an elevator, a spacious waiting area, several exam rooms, a private bathroom, and a small kitchen. The building boasts a full basement providing substantial storage. Separate gas and water meters are installed. The building is offered as a Triple Net lease. The convenient location offers easy access to transportation. This property is ideal for a variety of professional uses, benefiting from its existing medical office layout and abundant amenities. The building's solid construction and prime location in Piscataway make it an attractive option for businesses seeking a well-maintained and functional office space. The property's APN is 170190100000006702. This is a single-tenant building with no individual suites.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,349,090
    6.5%
    $1,245,320
    7%
    $1,156,360
  • Comparable approach

    Method
    Valuation
    Relative Method
    $940,752
    Geo Method
    $940,752
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,451,740
    Retail / Commercial
    $1,257,240
    Mixed-Use / Specialty
    $1,252,760
    Hospitality / Lodging
    $919,108
    Office
    $1,245,320
    Institutional / Educational
    $1,302,360
    Residential Income
    $1,523,760
    Multifamily
    $1,827,520
    Automotive / Energy
    $1,116,310
    Parking / Income-Based Land
    $385,225
    Restaurant / Food Service
    $651,569
    Healthcare / Senior Housing
    $1,284,680

Location Insight

City
Piscataway
County
Middlesex
State
New Jersey
Latitude
40.5743
Longitude
-74.4581
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
2023
$37,766
$693,000
$1,110,000
$1,803,000
-
$693,000
$1,110,000
$1,803,000

FAQs

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