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501 Hoes Lane

Off-Market

501 Hoes Lane, Piscataway, NJ 08854

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  • Property Type Office - General Office
  • Property Size 38,036 SF
  • Lot Size 2.87 Acre
  • Parking Spaces Avail. 182
  • Parking Ratio 4.80/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1987

Location

  • City Piscataway, NJ
  • Neighborhood Society Hill
  • Zip Code 08854
  • Market New Jersey

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 21 Feb, 2001
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Piscataway

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Piscataway Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $23.72
  • 2020 Office Vacancy Rate 20.02%
  • 2020 Office Completions (SF)

Piscataway Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $81.18
  • 2020 Office Sales Volume $28.9M
  • 2020 Number of Transactions 3
View more Piscataway market trends

Tax

  • Property Tax in 2021 $64,893
  • Market Value* $2,860,000
  • Assessed Value $2,860,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 501 Hoes Lane?

501 Hoes Lane totals 38,036 square feet.

When was this property built?

501 Hoes Lane was built in 1987.

When was 501 Hoes Lane last sold?

501 Hoes Lane was last sold on 21 Feb, 2001.

What is the property tax for 501 Hoes Lane?

The property tax for 501 Hoes Lane in 2021 was $64,893.

What is the market value for 501 Hoes Lane?

The market value* for 501 Hoes Lane in 2021 was $2,860,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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