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    Flexible Warehouse and Light Industrial Title is generated by Realmo AI

    224 Washington Street, Perth Amboy, NJ 08861

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    For Lease
    $3,838/Mo $6 SF/Yr (calc)

    Commercial Building - Perth Amboy, NJ

    Property size:
    7,675 SF
    Lot size:
    1.02 Acres
    Added:
    Jun 4, 2025
    Days on Market:
    365
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 224 Washington Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    221-1
    Size
    7,675 SF
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1900
    Year renovated
    1900
    Floors in Building
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Dukhovny
    Michael Dukhovny

    Listing agent Michael Dukhovny

    Listing office UNITED NATIONAL REALTY GROUP INC 1682 VICTORY BLVD., STATEN ISLAND, NJ

    Listing date Jun 4, 2025

    MLS# 11510629 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 7,675 SF flexible‑use space in Perth Amboy, NJ
    • Zoned for warehousing, light industrial, or other types of uses, especially storage
    • Freight elevator and loading dock included
    • Heating: forced air with natural gas
    • Garage parking included
    • Year built: 1900

    Overview

    This property offers approximately 7,675 square feet of flexible-use space suited for warehousing, light industrial activity, and storage-focused operations. The layout includes access via a freight elevator and a loading dock, supporting efficient movement of goods and materials. The space is zoned to accommodate warehouse and light industrial style use cases, giving tenants flexibility in how they operate within the permitted framework.

    Located in Perth Amboy, the site is positioned in a super convenient area with proximity to major expressways and port-related areas. That combination is particularly useful for businesses that need reliable transportation options for inbound deliveries and outbound distribution.

    Designed for operators who want functional logistics capability without sacrificing versatility, the space is a strong fit for warehousing, light industrial use, or other storage-oriented requirements. If your business depends on dock-high loading and freight elevator access, this building’s setup can help streamline daily handling and receiving needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Exquisite Hookah Catering — 169 Main St, Staten Island, NY 10307
    • The Little Sicilian Food Truck And Caterers — 400 State St, Perth Amboy, NJ 08861

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.269786
    Latitude
    40.515099

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    FAQs

    What type of property is this?
    Flex space - Flexible warehouse-oriented space with a freight elevator and loading dock for storage and light industrial uses.
    Where is this flex space located?
    The property is located at 224 Washington Street Perth Amboy, NJ.
    What is the lease rate?
    The lease rate is $3,838 /Mo.
    What are key features of this property?
    This property features: 7,675 SF flexible‑use space in Perth Amboy, NJ; Zoned for warehousing, light industrial, or other types of uses, especially storage; Freight elevator and loading dock included
    (718) 979-8000
    We can help!
    Listing Contact
    Michael Dukhovny
    Michael Dukhovny
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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
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