Professional Office with Parking
For Sale
$679,900
169 Demorest Avenue, Avenel, NJ 07001
Well-maintained office space with parking near major highways.
Property Size1,621 SF
Lot Size0.34 Acres
Price / SF$419.43
Days on Market290
Property Features for 169 Demorest Avenue
General Information
Standard status
Active
Size
1,621 SF
Lot size
0.34 Acres
Property subtype
Commercial
Building Details
Year Built
1957
Listing Agency:
CENTURY 21 MAIN STREET REALTY
(732) 527-7201
Listed By:
JOSEPH A. CIMILLUCA
(833) 740-1234
Source:
Actionplusrealty
Added: Nov 15, 2025
Changed: Aug 31
Last Checked: Aug 31 at 8:16PM
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 CENTURY 21 MAIN STREET REALTY
Investment Insights
Based on property information with market context.
This well-maintained professional office space is located near major highways and New York City buses. The property includes parking for up to 10 cars, as well as a 3-car garage. Currently used as an appraisal office, the layout features a main office area, a break area, a private office, and two bathrooms. The property sits on a large, deep 150-foot lot. It is suitable for various professional uses such as an accountant, attorney, architect, or insurance office.
Key Highlights
- Parking for 10 cars plus a 3‑car garage.
- Convenient location near major highways and NY buses.
- Suitable for professional office use (Accountant, Attorney, Architect, Insurance, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,801
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,020
$496.0K
Cap Rate 7%
$354,300
$354.3K
Cap Rate 9%
$275,567
$275.6K
Market Conditions
NOI Build-Up for 1,621 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.6K $30.00/SF
− Vacancy
−$15.6K −$9.60/SF
EGI
$33.1K $20.40/SF
− OpEx
−$8.3K −$5.10/SF
NOI
$24.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,020
Cap Rate 7%
$354,300
Cap Rate 9%
$275,567
Alternative Uses
Best Use
Office B
$354.3K
$310.0K – $413.4K
NOI $24,801 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.3K
$370.4K – $493.8K
NOI $29,629 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office space with parking near major highways.
Where is this office units located?
The property is located at 169 Demorest Avenue Avenel, NJ.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Parking for 10 cars plus a **3‑car garage**.; Convenient location near major highways and NY buses.; Suitable for professional office use (Accountant, Attorney, Architect, Insurance, etc.).
