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    J J Elek Realty

    117 Main Street, Woodbridge, NJ 07095
    (732) 634-9100
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (29)

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    COMMERCIAL - Perth Amboy, NJ
    Contact for pricing
    220 SF

    COMMERCIAL - Perth Amboy, NJ

    Retail space

    655 Amboy Ave, Perth Amboy, NJ 08861
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    Prime Corner Lot in Irvington
    $1,050,000
    1,015 SF

    Prime Corner Lot in Irvington

    Equipped corner lot ideal for used car sales.

    1001 Clinton Ave, Irvington, NJ 07111
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    Retail Space in Sayreville, NJ
    $199,900
    616 SF

    Retail Space in Sayreville, NJ

    Retail space available for sale in Sayreville, New Jersey.

    3121 Bordentown Ave, Sayreville, NJ 08872
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    Established Garage in Perth Amboy
    $685,000
    3,236 SF

    Established Garage in Perth Amboy

    Operating garage with tenant in place until March 2025.

    805 S Amboy Ave E, Perth Amboy, NJ 08861
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    Perth Amboy Commercial Storefront Unit
    Contact for pricing
    976 SF

    Perth Amboy Commercial Storefront Unit

    Versatile storefront or office space on a main street.

    287 New Brunswick Ave, Perth Amboy, NJ 08861
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    Corner Office Space in Woodbridge
    Contact for pricing
    500 SF

    Corner Office Space in Woodbridge

    Second-floor office space near the post office and town hall.

    53 Main St, Woodbridge, NJ 07095
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    Waterfront Area Two-Family Property
    $449,000
    2,106 SF

    Waterfront Area Two-Family Property

    Two-family property in waterfront area with separate utilities.

    112 Catalpa Ave, Perth Amboy, NJ 08861
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    Waterfront Buildable Lot Opportunity
    $300,000
    0.06 Acres

    Waterfront Buildable Lot Opportunity

    Buildable waterfront lot in Perth Amboy, New Jersey.

    50-52 Broad St, Perth Amboy, NJ 08861
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    Commercial Property in Union Twp, NJ
    Contact for pricing
    4,500 SF

    Commercial Property in Union Twp, NJ

    Approved daycare property with high visibility in revitalized downtown Union.

    985 Stuyvesant Ave, Paramus, NJ 07652
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    Perth Amboy Commercial Storefront Unit
    Contact for pricing
    2,767 SF

    Perth Amboy Commercial Storefront Unit

    Versatile storefront unit ideal for retail or office use.

    287 New Brunswick Ave, Perth Amboy, NJ 08861
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    Woodbridge Commercial Property For Sale
    $1,850,000
    2,471 SF

    Woodbridge Commercial Property For Sale

    Commercial property in Woodbridge Proper, NJ, available for sale.

    129 Amboy Ave, Woodbridge, NJ 07095
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    Mixed-Use Building with Garage Spaces
    $725,000
    4,921 SF

    Mixed-Use Building with Garage Spaces

    Well-maintained mixed-use property with commercial space, apartments, and garages.

    721-725 State St, Perth Amboy, NJ 08861
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    Residential Land in Sewaren, NJ
    $180,000

    Residential Land in Sewaren, NJ

    Subdivided residential land available in Sewaren, New Jersey.

    36 Vernon St, Sewaren, NJ 07077
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    Iselin, NJ Commercial Land
    $399,000
    0.16 Acres

    Iselin, NJ Commercial Land

    Commercial land available in Iselin, New Jersey.

    940 Green St, Iselin, NJ 08830
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    South Amboy Multi-Family Property
    $765,000
    3,020 SF

    South Amboy Multi-Family Property

    Multi-family property in South Amboy, New Jersey for sale.

    228 David St, South Amboy, NJ 08879
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    Restaurant Space Near Hospital
    Contact for pricing
    2,500 SF

    Restaurant Space Near Hospital

    Well-maintained commercial space, formerly a restaurant, near hospital.

    473 New Brunswick Ave, Perth Amboy, NJ 08861
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    Commercial Property in Perth Amboy
    $999,999
    3,200 SF

    Commercial Property in Perth Amboy

    Commercial property for sale in Perth Amboy, New Jersey.

    85 Smith St, Perth Amboy, NJ 08861
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    Commercial Land in Sewaren, NJ
    $500,000
    1 SF

    Commercial Land in Sewaren, NJ

    Commercial land available for sale in Sewaren, New Jersey.

    511 Cliff Rd, Sewaren, NJ 07077
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    Approved Used Car Dealership
    Contact for pricing
    1,015 SF

    Approved Used Car Dealership

    Fully approved used car dealership on a prime corner lot.

    1001 Clinton Ave, Irvington, NJ 07111
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    Old Bridge Land For Sale
    $675,000
    38.75 Acres

    Old Bridge Land For Sale

    38.75 acre land parcel in Old Bridge, New Jersey.

    0-0 By Palmer Brg, Old Bridge, NJ 08857
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    Two-Unit Residential Income Property
    $849,999
    3,000 SF

    Two-Unit Residential Income Property

    Turnkey two-family home with two 3-bedroom, 2-bath units, each with central air and forced hot air heating.

    44 N Whittier St N, Carteret, NJ 07008
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    Well-Maintained Multifamily Property
    $615,000
    2,425 SF

    Well-Maintained Multifamily Property

    Three-family property with spacious units, ideal for investors.

    183 Walnut St, Paterson, NJ 07522
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    Turnkey Restaurant Opportunity in Elizabeth
    $160,000
    1,500 SF

    Turnkey Restaurant Opportunity in Elizabeth

    Fully operational fried chicken restaurant for sale in Elizabeth, NJ.

    701 Spring St, Elizabeth, NJ 07201
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    Woodbridge Commercial Property for Sale
    $1,850,000
    2,471 SF

    Woodbridge Commercial Property for Sale

    Commercial property in Woodbridge Proper, NJ, totaling 2,471 square feet.

    129 Amboy Ave, Woodbridge, NJ 07095
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    Auto Shop For Sale
    $1,100,000
    3,200 SF

    Auto Shop For Sale

    3,200 SF auto shop available for purchase.

    85 Smith St, Perth Amboy, NJ 08861
    View details
    Retail Property in Sayreville, NJ
    $210,000
    616 SF

    Retail Property in Sayreville, NJ

    Retail storefront property for sale in Sayreville, New Jersey.

    3121 Bordentown Ave, Sayreville, NJ 08872
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    Turnkey Restaurant Opportunity in Elizabeth
    $160,000
    1,500 SF

    Turnkey Restaurant Opportunity in Elizabeth

    Fully operational fried chicken restaurant for sale in Elizabeth, NJ.

    701 Spring St, Elizabeth, NJ 07201
    View details
    Downtown Keyport Mixed-Use Building
    Contact for pricing
    3,404 SF

    Downtown Keyport Mixed-Use Building

    Mixed-use commercial building in downtown Keyport with storefront and apartments.

    43 E Front St, Keyport, NJ 07735
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    Convenient Office Unit For Sale
    Contact for pricing
    120 SF

    Convenient Office Unit For Sale

    Well-located office unit with utilities and parking included.

    A101-655 Amboy Ave, Perth Amboy, NJ 08861
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    For Lease (3)

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    Prime Commercial Land, Division St.
    $12 SF/Yr
    3,470 SF

    Prime Commercial Land, Division St.

    Warehouse Land: Build Your Business!

    503 Division St, Perth Amboy, NJ 08861
    View details
    Updated Retail Space for Rent
    Contact for pricing

    Updated Retail Space for Rent

    Updated 1000 sq.ft. retail space suitable for various businesses.

    985 Stuyvesant Ave, Union, NJ 07083
    View details
    Union, NJ Commercial Space
    Contact for pricing

    Union, NJ Commercial Space

    Commercial property in revitalized Union, NJ, suitable for various businesses.

    985 Stuyvesant Ave, Union, NJ 07083
    View details

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    J J Elek Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    J J Elek Realty
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