Mixed-Use Development
For Sale
Under Contract
$950,000
55 Ferry Road, Old Bridge, NJ 08857
COMMERCIAL - Old Bridge, NJ
Property Size3,265 SF
Lot Size9.35 Acres
Price / SF$290.96
Days on Market111
Property Features for 55 Ferry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OG-3
Parking
6
Parking features
Paved or Surfaced
Lot features
Private, Interior Lot, Wooded
Directions
Ferry Rd to #55 White Mailbox - In between Avalon Way and Woodward Dr.
Standard status
Active Under Contract
APN
1517000000000033
Size
3,265 SF
Lot size
9.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15868
Utilities
Sewer type
Septic Tank
Heating system
Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1967
Floors in Building
2
Flooring type
Wood, Tile - Ceramic, Carpet, Linoleum
Building materials
Brick
Roof type
Asphalt
Listing Agency:
DINEEN REALTY
(732) 613-9300
Listed By:
Debra Indrawis · License #1432991
(732) 613-9300
Added: Apr 29
Changed: Aug 4
Last Checked: Aug 17 at 7:06AM
MLS# 2614881R
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 mixed-use development property includes a spacious all-brick split-level home with 4 bedrooms and 3 bathrooms, along with substantial indoor living area. The home is set back on 9.35 acres, offering a private, open setting within a single parcel configured for flexible use consideration. The property is offered strictly as-is, and the buyer is responsible for any town certifications, approvals, and due diligence regarding permitted uses under zoning.
The land is zoned OG-3, described as versatile for a range of commercial possibilities, including medical or dental offices, storage facilities, small business operations, agricultural uses, and hotel-motel development. The property also notes proximity to a hospital and nursing home, with easy access to Rt 18, Rt 9, and NJTpk.
Buyers should review OG-3 requirements for use eligibility and any necessary approvals prior to closing.
The land is zoned OG-3, described as versatile for a range of commercial possibilities, including medical or dental offices, storage facilities, small business operations, agricultural uses, and hotel-motel development. The property also notes proximity to a hospital and nursing home, with easy access to Rt 18, Rt 9, and NJTpk.
Buyers should review OG-3 requirements for use eligibility and any necessary approvals prior to closing.
Key Highlights
- All‑brick split level home built in 1967 offering 4 bedrooms, 3 bathrooms, and over 3,000 sq ft of living space
- Set back on over 9 acres with a mixed‑use, multi‑purpose zoning designation of OG‑3
- Zoned OG‑3 for a range of commercial possibilities, including medical/dental offices and other permitted uses; buyer to verify due diligence
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
$50,209
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
5.29%
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%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,265 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
$98.0K $30.00/SF
− Vacancy
−$6.7K −$2.04/SF
EGI
$91.3K $27.96/SF
− OpEx
−$41.1K −$12.58/SF
NOI
$50.2K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Apartment 5plus
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.6K
$746.0K – $994.7K
NOI $59,679 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 08857, NJ
40,675
Population
16,241
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
24.0 sq mi
ZIP Area
1,695
Density / Sq Mi
$101,192
Median Household Income
$59,028
Median Earnings
$1,462
Median Rent
$459,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - All-brick split-level home on 9.35 acres, zoned OG-3, offered strictly as-is for commercial and residential uses.
Where is this single family property located?
The property is located at 55 Ferry Road Old Bridge, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: All‑brick split level home built in 1967 offering 4 bedrooms, 3 bathrooms, and over 3,000 sq ft of living space; Set back on over 9 acres with a mixed‑use, multi‑purpose zoning designation of OG‑3; Zoned OG‑3 for a range of commercial possibilities, including medical/dental offices and other permitted uses; buyer to verify due diligence
