Professional Office
For Sale
Contact for pricing
1510 Roosevelt Ave E, Carteret, NJ 07008
Flexible office configuration combines private rooms with adaptable workspace for professional operations.
Property Size13,596 SF
Price / SF$0.07
Days on Market107
Property Features for 1510 Roosevelt Ave E
General Information
Standard status
Active
Size
13,596 SF
Building Details
Year Built
1965
Listing Agency:
REAL
Listed By:
ROBERT E. AXELSON · License #0894317
(855) 450-0442
Source:
Mynewjerseyrealestate
Added: Jul 10
Changed: Oct 12
Last Checked: Oct 23 at 12:35PM
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 REAL
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Investment Insights
Based on property information with market context.
This professional office unit provides 1,000 square feet of workspace arranged around two enclosed offices and a larger open area. The layout supports private work areas, shared stations, collaboration, and client meetings within the same suite.
The property was built in 1965 and is located at 1510 Roosevelt Avenue D in Carteret, New Jersey. Its combination of defined offices and open workspace offers a practical format for businesses seeking a flexible professional setting.
The property was built in 1965 and is located at 1510 Roosevelt Avenue D in Carteret, New Jersey. Its combination of defined offices and open workspace offers a practical format for businesses seeking a flexible professional setting.
Key Highlights
- 1,000‑square‑foot professional office suite
- Two private enclosed offices
- Open area adaptable for workstations, collaboration, or meetings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,019
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,160,380
$4.2M
Cap Rate 7%
$2,971,700
$3.0M
Cap Rate 9%
$2,311,322
$2.3M
Market Conditions
NOI Build-Up for 13,596 SF
Gross rent
$407.9K $30.00/SF
− Vacancy
−$130.5K −$9.60/SF
EGI
$277.4K $20.40/SF
− OpEx
−$69.3K −$5.10/SF
NOI
$208.0K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,160,380
Cap Rate 7%
$2,971,700
Cap Rate 9%
$2,311,322
Alternative Uses
Best Use
Office B
$2.97M
$2.60M – $3.47M
NOI $208,019 @ 7.0% cap · market cap 20,801.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,513 @ 7.0% cap · market cap 24,851.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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Business Placement
Demographics for 07008, NJ
25,342
Population
8,717
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
5,760
Density / Sq Mi
$87,712
Median Household Income
$42,770
Median Earnings
$2,012
Median Rent
$370,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office configuration combines private rooms with adaptable workspace for professional operations.
Where is this office unit located?
The property is located at 1510 Roosevelt Ave E Carteret, NJ.
What are key features of this property?
This property features: 1,000‑square‑foot professional office suite; Two private enclosed offices; Open area adaptable for workstations, collaboration, or meetings
