Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2515 Highway 516 Old Bridge, NJ 08857

    Sponsored
    Picture of Office space at Highway 516 2515, Old Bridge, NJ
    For Lease
    Contact for pricing

    COMMERCIAL - Old Bridge, NJ

    Property size:
    1,500 SF
    Lot size:
    0.36 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 28 at 9:06 am

    Property Features for 2515 Highway 516

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    15-15567-0000-00035
    Parking
    10
    Parking features
    Parking Lot, Guest
    Exterior features
    Lighting
    Basement
    Partially Finished
    Size
    1,500 SF
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    2
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Biana Shlakman

    Heritage House Sotheby's International Realty (732) 946-9200

    Listing agent Biana Shlakman (732) 946-9200

    Listing date Jan 27, 2026

    MLS# 22602410

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

    Learn more

    Property Insight Report

    Overview

    Renovated Office Space For Lease

    This is an exceptional opportunity to lease a fully renovated lower-level office space located on Country Rd 516 in Old Bridge, New Jersey. The well-maintained space offers approximately 1,500 square feet and is suitable for a variety of professional uses. The property includes plentiful on-site parking for tenants and clients. The lot size is 0.36 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Bridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.326635
    Latitude
    40.403904

    Nearby Similar for Lease

    • New
      $2,850 /Mo
      871 SF

      Renovated Medical/Professional Office Condo

      Renovated office condo with great access and visibility for lease.
      28 Throckmorton Ln, Old Bridge, NJ 08857
      View Details
    • $900 /Mo
      11,326 SF

      Office Space on Route 9

      Second-floor office space with visibility on Route 9.
      3384 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • $23 SF/Yr
      29,185 SF

      Professional Office on US Route 9

      New construction professional/medical office space with highway frontage and visibility.
      3649 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Prime Retail Space in Old Bridge

      High-visibility retail space in a dynamic Old Bridge location.
      3500 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Prime Retail Location in Old Bridge

      High-visibility retail space at Route 18 & Foxborough Drive.
      Rte 18 & Foxborough Dr, Old Bridge, NJ 08657
      View Details
    • Contact for pricing
      1,483 SF

      Mixed-Use Development Retail Opportunity

      Retail space available in a new mixed-use development.
      199 Texas Rd, Old Bridge, NJ 08857
      View Details
    • $3,200 /Mo
      1,332 SF

      Charming Townhome in Maiden Woods

      2 bed, 2.5 bath townhome with community amenities.
      325 Kingsbridge Ct, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      1,401 SF

      New Retail Space on Route 18

      New construction retail space with high visibility and frontage.
      1449 Nj-18, Old Bridge, NJ
      View Details
    • Contact for pricing
      9,156 SF

      Route 18 Retail Space - Old Bridge, NJ

      Prime Retail Space, High Visibility, New Construction
      1451 Nj-18, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      355,246 SF

      Glenwood Green Shopping Center

      Old Bridge, NJ Retail Opportunity
      9 And Schulmeister Rd, Old Bridge, NJ 08857
      View Details
    • $17 SF/Yr
      5,000 SF

      Prime Old Bridge Office Space

      Route 9 Office: 2,500 SF Available
      1394 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      6,000 SF

      Route 9 Retail Space - Old Bridge, NJ

      6,000 SF Retail Space, High Traffic Area
      1352 Rte 9, Old Bridge, NJ 08857
      View Details

    FAQs

    What type of property is this?
    Office space - Renovated 1,500 sq ft office space in Old Bridge, NJ.
    Where is this office space located?
    The property is located at 2515 Highway 516 Old Bridge, NJ.
    What are key features of this property?
    This property features: - Fully renovated lower-level office space.; - Approximately 1,500 square feet of space.; - Plentiful on-site parking for tenants and clients.
    (732) 946-9200
    Request Owner's contact information
    2515 Highway 516 Old Bridge, NJ 08857
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2515 Highway 516
    Old Bridge, NJ 08857
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2515 Highway 516 Old Bridge, NJ 08857
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Biana Shlakman
    (732) 946-9200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.