Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    81 Smith St Perth Amboy, NJ 08862

    Sponsored
    For Sale
    Pending
    $949,999

    COMMERCIAL - Perth Amboy, NJ

    Days on Market:
    16
    Last Refresh:
    Jan 21 at 4:06 pm

    Property Features for 81 Smith St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    16-000056-0000-00018
    Parking features
    Off Street, Parking Lot
    Basement
    Full, Walk-Out Access, Crawl Space

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Floors in Building
    2
    Flooring type
    Concrete, Wood
    Building materials
    Brick, Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Michael Gruosso

    Keller Williams Realty East Monmouth (732) 704-4033 [email protected]

    Listing agent Michael Gruosso (732) 704-4033

    Listing date Jan 6, 2026

    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

    Mixed-Use Building in Perth Amboy

    This two-story mixed-use building is located in downtown Perth Amboy. The first floor provides 3,600 sq. ft. of commercial space. The second floor features 3 separate 1-bedroom, 1.5-bath units. The property includes a basement with a kitchenette, 1.5 baths, and office space. A new roof was installed in 2023. Zoned commercial with a permit for residential use, the building benefits from free two-hour parking directly behind it. The location provides convenient access to the train station, ferry, major commuter routes, and the marina, offering quick access to New York City. The building has all required permits from the town and plans ready to go, creating a prime opportunity for both investors and owner-users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.266281
    Latitude
    40.507842

    Nearby Similar for Sale

    • $600,000
      1,920 SF

      Retail Opportunity in Perth Amboy

      Prime retail space in a high-demand Perth Amboy location.
      362 Stockton St, Perth Amboy, NJ 08861
      View Details
    • $699,499
      2,302 SF

      Perth Amboy Multi-Family Townhouse

      Mediterranean-style duplex near marina with income potential.
      55 Smith St, Perth Amboy, NJ 08861
      View Details
    • $689,900
      1,962 SF

      Renovated Income-Producing Triplex

      Fully renovated triplex with three units and individual utilities.
      768 State St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      19,156 SF

      Versatile Warehouse in Perth Amboy

      Spacious warehouse suitable for storage, light industrial, or business operations.
      287 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      19,156 SF

      Perth Amboy Storefront For Sale

      Storefront unit suitable for retail or office use on main street.
      287 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • $1,350,000
      2,627 SF

      Mixed-Use Building in Prime Location

      Mixed-use building with commercial and residential components in high-demand area.
      292 Smith St, Perth Amboy, NJ 08861
      View Details
    • $950,000
      2,063 SF

      Renovated Home with Income Potential

      Bi-level home with rental income and commercial space.
      141 Dunbar Ave, Fords, NJ 08863
      View Details
    • $1,200,000
      3,999 SF

      PERTH AMBOY Church For Sale

      Two-level church with banquet room, kitchen, offices, and stage.
      101 Broad St, Perth Amboy, NJ 08861
      View Details
    • $550,000
      2,052 SF

      Perth Amboy Multi-Family Residence

      Multi-family residential property in downtown Perth Amboy, ideal for investors.
      Perth Amboy, NJ 08862
      View Details
    • $70,000
      7,936 SF

      Turnkey Restaurant in Downtown Perth

      Fully stocked restaurant in downtown Perth Amboy with loyal customers.
      236 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      1,660 SF

      Retail Space in Woodbridge Proper

      Highly visible retail space in a high-traffic New Jersey corridor.
      385 New Brunswick Ave, Fords, NJ 08863
      View Details
    • $515,000
      1,720 SF

      Two-Family Home Near Outer Bridge

      Two-family home near Outer Bridge with backyard and full basement.
      168 Lynd St, Perth Amboy, NJ 08861
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 81 Smith St Perth Amboy, NJ.
    What is the asking price?
    The asking price for this property is $949,999.
    What are key features of this property?
    This property features: - Mixed-use building featuring **3,600 sq. ft. of commercial space** and three 1-bedroom apartments.; - **Prime downtown Perth Amboy location** near train, ferry, major routes, and marina with NYC access.; - Zoned commercial with permit for residential use.
    (732) 704-4033
    Request Owner's contact information
    81 Smith St Perth Amboy, NJ 08862
    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.
    81 Smith St
    Perth Amboy, NJ 08862
    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
    81 Smith St Perth Amboy, NJ 08862
    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
    Michael Gruosso
    Real Estate License ID: 0566857
    (732) 704-4033
    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.