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

    1118 Main St Rahway, NJ 07065

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Specialty property available for purchase in Rahway, New Jersey.

    Lot size:
    0.30 Acres

    Property Features for 1118 Main St

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Kashif Brooks
    Source: Elliman

    Listing Agent: Kashif Brooks

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

    Learn more

    Overview

    Rahway Specialty Property for Sale

    A specialty property is available for sale. The property is located at 1118 Main St, Rahway, NJ 07065-5021.
    Location Intelligence

    Current Use by Public Records

    Dependable Auto Rental ... Car Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.2752828
    Latitude
    40.6006282

    Nearby Similar for Sale

    • $499,900
      Pending

      Commercial Building in Rahway City

      Freestanding building in excellent condition with parking.
      Rahway City, Rahway, NJ 07065
      View Details
    • $799,000
      Pending

      Renovated Three-Family Home in Rahway

      Renovated three-family home with strong rental potential near amenities.
      380 Seminary Ave, Rahway, NJ 07065
      View Details
    • $8,900,000
      507.00 Acres

      Operational Shrimp Farm For Sale

      507-acre shrimp farm in Ecuador's aquaculture region.
      SE Tendales - El Guabo - El Oro, Rahway, NJ 07065
      View Details
    • New
      $550,000
      2,224 SF

      Turnkey Restaurant & Lounge For Sale

      Profitable, 5-star-rated restaurant and lounge in downtown Rahway.
      78 E Cherry St E, Rahway, NJ 07065
      View Details
    • $550,000
      2,224 SF

      Turnkey Restaurant & Lounge for Sale

      Profitable, 5-star-rated restaurant and lounge in prime downtown location.
      78 E Cherry St, Rahway, NJ 07065
      View Details
    • New
      $699,900
      2,184 SF

      Rahway Two-Family Home Near Train

      Two-family home near train, ideal for owner-occupants or investors.
      69 E Emerson Ave E, Rahway, NJ 07065
      View Details
    • $629,000
      Pending

      Updated Multi-Family Home in Rahway

      Updated 2-family home near Rahway Train Station.
      1374 Lambert St, Rahway, NJ 07065
      View Details
    • $859,000
      Pending

      Rahway Triplex Investment Opportunity

      Tenant-occupied triplex with solid rental income near Rahway NJ Transit.
      1751 Oliver St, Rahway, NJ 07065
      View Details
    • $129,500
      Pending

      Turnkey Teahouse in Rahway City

      Well-loved cafe with modern renovations in downtown Rahway.
      1403-1431 Irving St, Rahway, NJ 07065
      View Details
    • $859,000
      Pending

      Tenant-Occupied Triplex Investment Opportunity

      Tenant-occupied triplex with solid rental income near transit.
      1751 Oliver St, Rahway, NJ 07065
      View Details
    • $449,000
      1,216 SF

      Spacious Condo Near Rahway Train

      Updated 2-bedroom condo with NYC access and desirable amenities.
      1 Carriage City Plz, Rahway, NJ 07065
      View Details
    • $649,000
      Pending

      Multi-Family Home in Rahway City

      Multi-family home with great investment potential in Rahway City.
      156 W Emerson Ave, Rahway, NJ 07065
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for purchase in Rahway, New Jersey.
    Where is this specialty property located?
    The property is located at 1118 Main St Rahway, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Specialty property; - Located in Rahway, New Jersey; - Year Built: 1950
    (201) 559-5770
    Request Owner's contact information
    1118 Main St Rahway, NJ 07065
    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.
    1118 Main St
    Rahway, NJ 07065
    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
    1118 Main St Rahway, NJ 07065
    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
    Kashif Brooks
    (201) 559-5770
    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.