Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Carteret, NJ Title is generated by Realmo AI

    1520 Roosevelt Avenue, Carteret, NJ 07008

    View on Map
    Claim this Listing
    Picture of Retail space at 1520 Roosevelt Avenue, Carteret, NJ
    For Sale
    Contact for pricing

    COMMERCIAL - Carteret, NJ

    Property size:
    13,596 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $0.55/SF
    Added:
    Jan 9, 2026
    Days on Market:
    125
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 1520 Roosevelt Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    1
    Standard status
    Active
    APN
    0102101000000007
    Size
    13,596 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    51734

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Fernando Leyva
    Fernando Leyva

    Listing agent Fernando Leyva

    Listing office REAL 165 PASSAIC AVE, Red Bank, NJ

    Listing date Jan 9, 2026

    MLS# 2609365R

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location ideal for attracting customers.
    • 3,000 sqft retail space suitable for various business needs.
    • Ample parking available for customers.
    • Excellent visibility to maximize business exposure.
    • Customizable space to meet specific business requirements.
    • Convenient location at 1520 Roosevelt Ave, Carteret, NJ.

    Overview

    This retail space, located at 1520 Roosevelt Ave in Carteret, NJ, offers 3,000 square feet suitable for businesses seeking a location with high customer traffic. The property is situated on a 1-acre lot. The location provides ample parking and excellent visibility. The property offers an opportunity for customization. The building size is 13,596 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Carteret
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2509372
    Latitude
    40.5953326

    Nearby Similar for Sale

    • $3,000
      13,596 SF

      High-Traffic Storefront in Carteret, NJ

      Prime 1,000 sq ft storefront ideal for restaurant or retail.
      1506 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $1,000
      13,596 SF

      Functional Office Suite in Carteret

      Turnkey 500 sq ft office suite for various professional uses.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $1,000
      13,596 SF

      Efficient Office Suite in Carteret

      Private 500 sq ft office suite for sale.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $1,000
      13,596 SF

      Private Office Suite in Carteret

      Efficient 500 sq ft office suite for professionals.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $5,000
      13,596 SF

      Versatile Commercial Suite in Carteret

      Adaptable commercial suite suitable for various professional uses.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $1,500
      13,596 SF

      Professional Office Suite For Sale

      1,000 sq ft office suite ideal for businesses.
      1510 Roosevelt Avenue, Carteret, NJ 07008
      View Details
    • $700,000
      2,500 SF

      Renovated Two-Family Home in Carteret

      Spacious two-family home with recent renovations and finished basement.
      41 Elmwood Avenue, Carteret, NJ 07008
      View Details
    • $615,000
      1,540 SF

      Two-Family Investment Property in Carteret

      Two-unit property with separate utilities and development potential.
      72 Pulaski Avenue, Carteret, NJ 07008
      View Details
    • $549,000

      Multi-Family Home in Carteret Boro

      Well-maintained multi-family home with outdoor space, close to NYC.
      45 Leick Ave, Carteret Boro, NJ 07008-2837
      View Details
    • $870,000
      2,688 SF

      Carteret Multifamily Investment Opportunity

      Four-family home with income potential in Carteret, New Jersey.
      82 Pulaski Avenue, Carteret, NJ 07008
      View Details
    • $750,000
      1,736 SF

      Two-Family Home, Carteret, NJ

      Well-maintained two-family home with rental income potential.
      31 Edwin Street, Carteret, NJ 07008
      View Details
    • $579,900
      1,886 SF

      Two-Family Home with Detached Garage

      Two-family home in Carteret, NJ, with detached two-car garage.
      128 Pershing Avenue, Carteret, NJ 07008
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,000 sqft retail space in high-traffic area.
    Where is this retail space located?
    The property is located at 1520 Roosevelt Avenue Carteret, NJ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High‑traffic location ideal for attracting customers.; **3,000 sqft retail space suitable for various business needs.**; Ample parking available for customers.
    (212) 380-3203
    We can help!
    Listing Contact
    Fernando Leyva
    Fernando Leyva
    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
    1520 Roosevelt Avenue, Carteret, NJ 07008
    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!