Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Building on Route 35 Title is generated by Realmo AI

    1133 State Route 35, South Amboy, NJ 08879

    View on Map
    Claim this Listing
    For Sale
    $389,900

    Freestanding building with frontage on Route 35, built in 1998.

    Type:Commercial
    Property size:
    1,465 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $266/SF
    Added:
    Jan 16, 2026
    Days on Market:
    139
    Last Refresh:
    Apr 5 at 9:17 pm

    Property Features for 1133 State Route 35

    General Information

    Standard status
    Active
    Size
    1,465 SF
    Lot size
    0.34 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    DONNA TENNARO
    DONNA TENNARO

    Listing agent DONNA TENNARO License #8939601

    Listing office KELLER WILLIAMS REALTY WEST MONMOUTH

    Listing date Jan 16, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY WEST MONMOUTH

    HighLights

    • Route 35 frontage for great business exposure
    • Freestanding building
    • Ample parking
    • Large lot
    • Several offices
    • Built in 1998

    Overview

    This freestanding commercial building, constructed in 1998, is situated on a large lot with frontage on Route 35, offering significant exposure. The property provides ample parking. The building contains several offices and is reported to be in good condition. The property has a size of 1465 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $44.0k $30.00
    − Vacancy −$14.1k −$9.60
    EGI $29.9k $20.40
    − OpEx −$7.5k −$5.10
    NOI $22.4k $15.30
    1,465 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $320.2K
    $280.2K – $373.6K (±1% cap)
    NOI $22,415 @ 7.0% cap · market cap 5.75%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $382.5K
    $334.7K – $446.3K (±1% cap)
    NOI $26,778 @ 7.0% cap · market cap 6.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Accounting Firm Big Box & Wholesale Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.243
    Latitude
    40.4533

    Nearby Similar for Sale

    • $999,999
      3,386 SF

      Four-Family Residential Income Property

      Four-unit property with a mix of studio, one-, and three-bedroom apartments, with updates in three units.
      120 S Broadway, South Amboy, NJ 08879
      View Details
    • $999,999
      3,386 SF

      Four-Unit Multi-Family Building

      Four rental units offer a mix of layouts, including two 3-bedroom apartments and a studio unit.
      120 S Broadway, South Amboy City, NJ 08879-1871
      View Details
    • $999,999
      3,386 SF

      Four-Unit Multifamily Investment Property

      Four units near transportation, restaurants, shopping, and schools.
      120 S Broadway, South Amboy, NJ 08879
      View Details
    • $384,945
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Avenue, South Amboy City, NJ 08879
      View Details
    • $399,000
      1,104 SF

      Prime Corner Commercial Opportunity

      Corner property near NYC transit, ideal for various businesses.
      100 S Broadway S, South Amboy, NJ 08879
      View Details
    • $799,000
      2,590 SF

      South Amboy City Multi-Family Property

      Corner 3-family property in South Amboy City, great location.
      442 Bordentown Ave, South Amboy City, NJ 08879
      View Details
    • $500,000
      1,276 SF

      South Amboy Duplex Opportunity

      Two-family duplex in excellent condition, fully rented, convenient location.
      165 2nd Street, South Amboy, NJ 08879
      View Details
    • $799,000
      2,590 SF

      South Amboy Three-Family Corner Property

      Three-family property near transportation with parking and storage.
      442 Bordentown Avenue, South Amboy, NJ 08879
      View Details
    • $615,000

      Two-Family Home Near Train Station

      Well-maintained two-family home near South Amboy train station.
      224 Gordon Street, South Amboy, NJ 08879
      View Details
    • $600,000
      2,484 SF

      Mixed-Use Building Near Transportation

      Mixed-use property with store and house, near transportation.
      128 Broadway S, South Amboy, NJ 08879
      View Details
    • $615,000

      Two-Family Home Near NYC Transit

      Well-maintained two-family home near South Amboy train station.
      224 Gordon St, South Amboy City, NJ 08879-1845
      View Details
    • $1,695,000
      8,000 SF

      South Amboy Mixed-Use Building

      8000 SF mixed-use building near train station.
      131 N Broadway, South Amboy City, NJ 08879
      View Details

    FAQs

    What type of property is this?
    Office units - Freestanding building with frontage on Route 35, built in 1998.
    Where is this office units located?
    The property is located at 1133 State Route 35 South Amboy, NJ.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: Route 35 frontage for great business exposure; Freestanding building; Ample parking
    (732) 536-9010
    We can help!
    Listing Contact
    DONNA TENNARO
    DONNA TENNARO
    Real Estate License ID: 8939601
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1133 State Route 35, South Amboy, NJ 08879
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!