Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Major Retailers Title is generated by Realmo AI

    2476 Canterbury Ln, North Brunswick, NJ

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

    Retail space available near established national tenants.

    Type:RETAIL
    Property size:
    1,600 SF
    Lot size:
    13.94 Acres
    Added:
    Jun 11, 2024
    Days on Market:
    706
    Last Refresh:
    Apr 5 at 9:41 pm

    Property Features for 2476 Canterbury Ln

    General Information

    Standard status
    Active
    Size
    1,600 SF
    Lot size
    13.94 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2476 Canterbury Ln Contact us

    We can help!

    Listing Contact
    Jerry Welkis

    Listing agent Jerry Welkis

    Listing office Welco Realty, Inc.

    Listing date Jun 11, 2024

    Source Moodyscre

    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 Welco Realty, Inc.

    HighLights

    • Join established retailers such as BJ’s, CVS, and T‑Mobile.
    • Located near popular restaurants including Chick‑fil‑A, Longhorn Restaurant, and Buffalo Wild Wings.
    • Anchored by well‑known businesses like Bright Horizons and Crunch.
    • Includes diverse businesses such as Fusion Restaurant, Cici Pizza, and Pizza Hut.
    • Offers convenient access to services like Great Clips and PM Pediatric.
    • Features a Regal Theatre for entertainment.

    Overview

    This retail space, encompassing 1,600 square feet, is located in North Brunswick, NJ. The property is positioned near a variety of established national tenants, including BJ’s, Bright Horizons, Crunch, Fusion Restaurant, Cici Pizza, Great Clips, PM Pediatric, Chick-fil-A, GNC, Subway, Longhorn Restaurant, Moe’s Southwest Grill, CVS, Regal Theatre, Pizza Hut, Buffalo Wild Wings, and T-Mobile.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4518
    Latitude
    40.4862

    Nearby Similar for Lease

    • $950/Mo
      360 SF

      Modern Office Space Available

      Modern office space with utilities included and ample parking.
      623 Georges Road, North Brunswick, NJ 08902
      View Details
    • $15 SF/Yr
      1,545 SF

      North Brunswick Flex Space Available

      Flex space available for rent in North Brunswick Township.
      2 Towne center Dr, North Brunswick Twp., NJ 08902
      View Details
    • $950/Mo
      360 SF

      Modern Office Space Available

      Open concept office with utilities included and ample parking.
      623 Georges Road #1C, North Brunswick, NJ 08902
      View Details
    • $700/Mo

      Modern Office Space For Rent

      Clean, well-maintained office space with utilities included and ample parking.
      623 Georges Rd 2B, North Brunswick Twp., NJ 08902
      View Details
    • $950/Mo

      Modern Office Space For Rent

      Open concept office with utilities included and ample parking.
      623 Georges Rd 1C, North Brunswick Twp., NJ 08902
      View Details
    • $650/Mo

      Modern Office with Utilities Included

      Bright office space with hardwood floors, utilities included, ample parking.
      623 Georges Rd 1B, North Brunswick Twp., NJ 08902
      View Details
    • Contact for pricing
      49,042 SF

      Industrial Space with Cranes

      Industrial space featuring cranes and easy highway access.
      1460 Livingston Ave, North Brunswick, NJ 08902
      View Details
    • $18 SF/Yr
      1,772 SF

      North Brunswick Office Space Available

      Office space available for lease in North Brunswick, NJ.
      825 Georges Rd, North Brunswick, NJ
      View Details
    • Contact for pricing
      5,602 SF

      Flex Space Available For Rent

      Flex space available in an excellent location with easy access.
      1460 Livingston Avenue, North Brunswick, NJ 08902
      View Details
    • $38 SF/Yr
      3,500 SF

      Retail or Restaurant Space Available

      3,500 SF retail or restaurant space for lease.
      567 Milltown Rd, North Brunswick, NJ
      View Details
    • Contact for pricing
      5,602 SF

      Flex Space Near Route 1

      Flex space available with easy access to Route 1.
      1460 Livingston Avenue, North Brunswick, NJ 08902
      View Details
    • Contact for pricing
      2,820 SF

      Prime Retail Space on Highway

      Retail space with drive-thru potential near major retailers.
      2400 US Highway 1, North Brunswick, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available near established national tenants.
    Where is this retail space located?
    The property is located at 2476 Canterbury Ln North Brunswick, NJ.
    What are key features of this property?
    This property features: Join established retailers such as BJ’s, CVS, and T‑Mobile.; Located near popular restaurants including Chick‑fil‑A, Longhorn Restaurant, and Buffalo Wild Wings.; Anchored by well‑known businesses like Bright Horizons and Crunch.
    (914) 576-7500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jerry Welkis
    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

    Thank You for Inquiry
    2476 Canterbury Ln, North Brunswick, NJ
    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!