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
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Stelton Rd Piscataway, NJ 08854
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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