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

    446-466 Rahway Ave Woodbridge, NJ

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

    Prime downtown strip mall with income growth potential.

    Type:RETAIL
    Property size:
    10,000 SF
    Lot size:
    0.45 Acres
    Added:
    May 15, 2024
    Days on Market:
    716
    Last Refresh:
    Apr 5 at 10:14 pm

    Property Features for 446-466 Rahway Ave

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.45 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Justyna Kuczaj
    Justyna Kuczaj

    Listing agent Justyna Kuczaj License #1974845

    Listing office The Blau & Berg Company

    Listing date May 15, 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 The Blau & Berg Company

    Overview

    Downtown Strip Mall Investment

    This prime downtown strip mall presents a compelling investment opportunity due to its strategic location, stable tenant base, and potential for rental income growth. The property offers strong income potential, high demand, and convenient accessibility, making it an ideal choice for investors seeking a valuable addition to their portfolio. The property is located at 446-466 Rahway Ave, Woodbridge, NJ. The property size is 10000 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2762
    Latitude
    40.5572

    Nearby Similar for Sale

    • $699,900
      1,260 SF

      Professional Office Space, Prime Location

      Well-appointed office space in the heart of Woodbridge.
      217 Main Street, Woodbridge, NJ 07095
      View Details
    • $650,000

      Route 35 Commercial Opportunity

      Versatile commercial property with highway frontage and expansive yard.
      305 Amboy Avenue, Woodbridge, NJ 07095
      View Details
    • $7,440
      3,882 SF

      High-Visibility Storefront in Woodbridge Proper

      Well-maintained retail storefront in a bustling downtown location.
      91 Main Street, Woodbridge Proper, NJ 07095
      View Details
    • $490,000
      1,251 SF

      Woodbridge Commercial Property For Sale

      Commercial property in prime location, suitable for various businesses.
      279 Amboy Avenue, Woodbridge Proper, NJ 07095
      View Details
    • $2,250
      6,096 SF

      Corner Retail Space on Main

      Corner retail space with high visibility, ready for immediate occupancy.
      88 Main Street unit: 92, Woodbridge Proper, NJ 07095
      View Details
    • $1,200
      500 SF

      Second Floor Office Space Available

      Second floor office space in Woodbridge Proper, NJ.
      53 Main Street unit: 6, Woodbridge Proper, NJ 07095
      View Details
    • $839
      1,949 SF

      Woodbridge Office Space For Sale

      775 sq ft office space in Woodbridge Proper, NJ.
      249 Main Street, Woodbridge Proper, NJ 07095
      View Details
    • $1,350,000
      4,810 SF

      Fully Leased Woodbridge Office Investment

      Fully leased office building with AAA tenant in central location.
      111 Saint Joseph Terrace, Woodbridge Proper, NJ 07095
      View Details
    • $775,000

      Woodbridge Multifamily Investment Opportunity

      Well-maintained 4-unit multifamily property in a high-demand rental corridor.
      91 2nd St, Woodbridge Proper, NJ 07095
      View Details
    • $775,000

      Fourplex Multifamily Asset Near Train

      Well-maintained four-unit multifamily property near Woodbridge Train Station.
      91 2Nd St, Woodbridge Twp., NJ 07095-2862
      View Details
    • $3,530
      11,000 SF

      New Woodbridge Office Suites

      New Class B office suites in Woodbridge, NJ for sale.
      374 Green Street, Woodbridge Proper, NJ 07095
      View Details
    • $2,847
      11,000 SF

      New Woodbridge Office Suites

      New Class B office suites in Woodbridge, NJ for sale.
      374 Green Street, Woodbridge Proper, NJ 07095
      View Details

    FAQs

    What type of property is this?
    Strip mall - Prime downtown strip mall with income growth potential.
    Where is this strip mall located?
    The property is located at 446-466 Rahway Ave Woodbridge, NJ.
    What are key features of this property?
    This property features: Strategic downtown location; Stable tenant base; Potential for rental income growth
    (610) 533-1101 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justyna Kuczaj
    Justyna Kuczaj
    Real Estate License ID: 1974845
    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!