Professional Office Building with
For Sale
$679,900
169 Demorest Avenue, Avenel, NJ 07001
Commercial Sale, Avenel, NJ
Property Size1,621 SF
Lot Size0.19 Acres
Price / SF$419.43
Days on Market147
Property Features for 169 Demorest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7.5
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
10
Interior features
Carpeting, Lighting Fixtures
Lot features
Corner Lot, Level
Directions
Off Avenel st.
Standard status
Active
APN
250082700000004602
Size
1,621 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9383
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Tile - Ceramic, Lighting fixtures, Carpet
Building materials
Block
Roof type
Asphalt
Listing Agency:
CENTURY 21 MAIN STREET REALTY
(732) 750-4663
Listed By:
Joseph Cimilluca
(732) 527-7201
Added: Apr 8
Changed: Aug 19
Last Checked: Sep 1 at 7:06PM
MLS# 2613556R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,621-square-foot office property was built in 1957 and is currently configured for professional use. The interior includes a main office, private office, break area, two bathrooms, carpeting, ceramic tile, and dedicated lighting fixtures. A three-car garage and parking for up to 10 vehicles add functional support for staff, visitors, or equipment.
The property occupies 0.1894 acres and is served by public water and public sewer. Block construction, an asphalt roof, forced-air heating, and central air conditioning provide the core building systems. The location is near major highways and New York bus service, supporting access for employees and clients. R7.5 zoning is identified for the property.
The property occupies 0.1894 acres and is served by public water and public sewer. Block construction, an asphalt roof, forced-air heating, and central air conditioning provide the core building systems. The location is near major highways and New York bus service, supporting access for employees and clients. R7.5 zoning is identified for the property.
Key Highlights
- 1,621‑square‑foot office property on 0.1894 acres
- Three‑car garage plus parking for up to 10 vehicles
- Main office, private office, break area, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,801
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,020
$496.0K
Cap Rate 7%
$354,300
$354.3K
Cap Rate 9%
$275,567
$275.6K
Market Conditions
NOI Build-Up for 1,621 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.6K $30.00/SF
− Vacancy
−$15.6K −$9.60/SF
EGI
$33.1K $20.40/SF
− OpEx
−$8.3K −$5.10/SF
NOI
$24.8K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,020
Cap Rate 7%
$354,300
Cap Rate 9%
$275,567
Alternative Uses
Best Use
Office B
$354.3K
$310.0K – $413.4K
NOI $24,801 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.3K
$370.4K – $493.8K
NOI $29,629 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Established office property with dedicated parking, private workspace, two bathrooms, and convenient access to regional transportation.
Where is this office building located?
The property is located at 169 Demorest Avenue Avenel, NJ.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 1,621‑square‑foot office property on 0.1894 acres; Three‑car garage plus parking for up to 10 vehicles; Main office, private office, break area, and two bathrooms
