Listed By: Michael Show Phone

Added: Apr 9, 2025 Changed: Aug 19

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,221

Cap Rate

4.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,384,420 $1.4M

Cap Rate 7%

$988,871 $988.9K

Cap Rate 9%

$769,122 $769.1K

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$126.7K $15.84/SF

− Vacancy

−$16.0K −$2.00/SF

EGI

$110.8K $13.84/SF

− OpEx

−$41.5K −$5.19/SF

NOI

$69.2K $8.65/SF

Area

Middlesex County, NJ

Vacancy

12.60%

Lease Rate

$15.84 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,384,420

Cap Rate 7%

$988,871

Cap Rate 9%

$769,122

Alternative Uses

Best Use

Mixed Use

$988.9K

$865.3K – $1.15M (±1% cap)

NOI $69,221 @ 7.0% cap · market cap 4.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,227 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Grocery & Convenience Store Parking Lot & Garage Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

532

Businesses Nearby

Explore this area Business Placement

Demographics for 08879, NJ

22,965

Population

9,737

Households

2.4

Avg Household Size

42

Median Age

32%

College-Educated

89%

High-School Grad

7.1 sq mi

ZIP Area

3,235

Density / Sq Mi

$98,000

Median Household Income

$57,998

Median Earnings

$1,633

Median Rent

$377,700

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 8000 SF mixed-use building near train station.

Where is this mixed-use property located?

The property is located at 131 N Broadway South Amboy, NJ.

What is the asking price?

The asking price for this property is $1,695,000.