Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    116 N Broadway South Amboy, NJ 8879

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Upper-level office suite with private offices, conference room, and bullpen.

    Property size:
    3,762 SF
    Added:
    Jun 5, 2025
    Days on Market:
    324
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 116 N Broadway

    General Information

    Standard status
    Active
    Size
    3,762 SF

    We can help!

    Listing Contact

    Listing office KELLER WILLIAMS WEST MONMOUTH

    Listing date Jun 5, 2025

    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 WEST MONMOUTH

    Overview

    Updated Office Suite For Sale

    This upper-level office suite features a blend of private workspaces and open-concept design. The layout includes 8 private offices, a spacious conference room, and a large open bullpen area. There are 3 bathrooms, including a full bath in the oversized master office, and a well-appointed kitchenette. The space is fully updated, professionally finished, and move-in ready. The property is located in a growing town with easy access to the train into the city. The property size is 3762 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -74.2797
    Latitude
    40.4824

    Nearby Similar for Sale

    • $395,000
      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

      Corner Storefront Near NYC Transit

      Prime commercial opportunity in rapidly developing downtown South Amboy.
      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
    • $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
    • $899,000

      Spacious Duplex Near Train Station

      Large duplex with refinished floors, updated kitchen, and garage.
      227-229 Bordentown Avenue, 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
    • $765,000
      3,020 SF

      South Amboy Multi-Family Property

      Multi-family property in South Amboy, New Jersey for sale.
      228 David Street, South Amboy, 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
    • $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
    • $599,900

      Income Producing Duplex in Amboy

      Immaculately maintained duplex with updated features and prime location.
      233-235 Augusta Street, South Amboy City, NJ 08879
      View Details
    • $1,750,000

      South Amboy Commercial Building

      8000 SF building in South Amboy's commercial district.
      131 N Broadway, South Amboy City, NJ 08879
      View Details

    FAQs

    What type of property is this?
    Office units - Upper-level office suite with private offices, conference room, and bullpen.
    Where is this office units located?
    The property is located at 116 N Broadway South Amboy, NJ.
    What are key features of this property?
    This property features: Prime location with easy access to the train into the city.; Move‑in ready, FULLY UPDATED, and professionally finished office space.; 8 private offices, a conference room, and a LARGE open bullpen area.
    We can help!
    Listing Contact
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!