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    • Commercial Sale
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    Listings

    For Sale (15)

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    Updated Commercial Space on Burnet
    Contact for pricing
    650 SF

    Updated Commercial Space on Burnet

    Newly updated 650sf commercial unit with excellent visibility.

    1300 Burnet Ave, Union, NJ 07083
    View details
    Avenel Shopping Center For Sale
    $3,300,000
    11,520 SF

    Avenel Shopping Center For Sale

    Shopping center with stable tenants and long-term leases.

    1392 Saint Georges Ave, Avenel, NJ 07001
    View details
    Turnkey Antique & Luxury Retail Store
    $195,000
    1,000 SF

    Turnkey Antique & Luxury Retail Store

    Turnkey, 20-year-established retail space with diverse antique and luxury inventory, built for in-store and online sales.

    414 Raritan St, Highland Park, NJ 08904
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    East Orange Multi-Unit Opportunity
    $750,000
    3,326 SF

    East Orange Multi-Unit Opportunity

    Two homes on one lot, great income potential!

    312 Rhode Island Ave, East Orange, NJ 07018
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    Mixed-Use Property Near Train Station
    $1,500,000
    4,224 SF

    Mixed-Use Property Near Train Station

    Income-generating mixed-use property with retail and residential units.

    396 Main St, Metuchen, NJ 08840
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    Edison Retail/Mixed-Use Space Available
    Contact for pricing
    1,750 SF

    Edison Retail/Mixed-Use Space Available

    Recently renovated retail/mixed-use space with parking in Edison, NJ.

    243 Plainfield Ave, Edison, NJ 08817
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    Newark Three-Family Home Investment
    $499,000

    Newark Three-Family Home Investment

    Three-story, 3-family home with original character in Newark, NJ.

    67-69 Park Vw Ter, Newark, NJ 07112
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    COMMERCIAL - Edison, NJ
    Contact for pricing
    1,050 SF

    COMMERCIAL - Edison, NJ

    Office Units

    6 Moyse Pl, Edison, NJ 08820
    View details
    Renovated Multifamily Investment Opportunity
    $689,900
    2,021 SF

    Renovated Multifamily Investment Opportunity

    Fully renovated, income-producing property with three units and individual utilities.

    768 State St, Perth Amboy, NJ 08861
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    New Brunswick Multifamily Investment Property
    $1,399,000
    2,196 SF

    New Brunswick Multifamily Investment Property

    Two-unit multifamily property in prime location with significant land.

    93 Easton Ave, New Brunswick, NJ 08901
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    Corner Building in New Brunswick
    $1,540,000
    4,009 SF

    Corner Building in New Brunswick

    Mixed-use property with store, apartments, basement, and garage.

    172 Hamilton St, New Brunswick, NJ 08901
    View details
    Restaurant Space with Kitchen Equipment
    $99,000

    Restaurant Space with Kitchen Equipment

    Running restaurant with kitchen equipment included, offering a straightforward setup for an incoming operator.

    557 Palisade Ave, Jersey City, NJ 07307
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    Mixed-Use Commercial Property For Sale
    Contact for pricing
    4,224 SF

    Mixed-Use Commercial Property For Sale

    Income-generating mixed-use property with retail and residential units.

    396 Main St, Metuchen, NJ 08840
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    Income-Generating Mixed-Use Property
    Contact for pricing
    4,224 SF

    Income-Generating Mixed-Use Property

    Fully leased mixed-use property with retail and residential units.

    396 Main St, Metuchen, NJ 08840
    View details
    Phillipsburg Commercial Building For Sale
    $450,000
    2,500 SF

    Phillipsburg Commercial Building For Sale

    2,500 sq ft commercial building in downtown Phillipsburg.

    404 S Main St S, Phillipsburg, NJ 08865
    View details

    For Lease (4)

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    Updated Retail Space on Burnet
    Contact for pricing

    Updated Retail Space on Burnet

    Newly updated 650 SF retail space with excellent visibility.

    1300 Burnet Ave, Union, NJ 07083
    View details
    Renovated Apartment Near Transportation
    $2,300 / Mo

    Renovated Apartment Near Transportation

    Move-in ready, renovated 2-bedroom apartment near Newark Penn Station.

    51 Poe Ave, Newark, NJ 07106
    View details
    Renovated Three-Bedroom Apartment Available
    $2,250 / Mo

    Renovated Three-Bedroom Apartment Available

    Spacious, renovated 3-bedroom apartment with modern amenities, move-in ready.

    489 S 17Th St, Newark, NJ 07103
    View details
    Move-In Ready Two-Bedroom Apartment
    $2,350 / Mo

    Move-In Ready Two-Bedroom Apartment

    Freshly renovated kitchen and bath with original hardwood floors, plus in-unit washer/dryer for everyday convenience.

    51 Poe Ave, Newark, NJ 07106
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Request Owner's contact information
    Keller Williams Elite, Realtors
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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
    Keller Williams Elite, Realtors
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