Professional Office Building with 3-Car
For Sale
$679,900
169 Demorest Avenue, Avenel, NJ 07001
COMMERCIAL - Avenel, NJ
Property Size1,621 SF
Lot Size0.19 Acres
Price / SF$419.43
Days on Market128
Property Features for 169 Demorest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7.5
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
10
Interior features
Carpeting, Lighting Fixtures
Lot features
Corner Lot, Level
Directions
Off Avenel st.
Standard status
Active
APN
250082700000004602
Size
1,621 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9383
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet, Lighting fixtures
Building materials
Block
Roof type
Asphalt
Listing Agency:
CENTURY 21 MAIN STREET REALTY
(732) 750-4663
Listed By:
Joseph Cimilluca
(732) 527-7201
Added: Apr 8
Changed: Aug 4
Last Checked: Aug 13 at 9:06AM
MLS# 2613556R
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.
Investment Insights
Based on property information with market context.
Professional office building in Avenel, NJ with a main office, break area, private office(s), and two bathrooms. The interior includes carpeting, tile flooring, and lighting fixtures. Heating is forced air with central air, supported by public water and public sewer service. Construction is block with an asphalt roof. Built in 1957, the property is described as well maintained.
The site includes a 3-car garage and parking for up to 10 cars. The lot is 0.1894 acres with a large deep 150 lot. Zoning is R7.5, and the building is positioned near major highways and NY buses.
The layout is suited for a range of professional service uses, including office tenants such as accountants, attorneys, architects, and insurance offices.
The site includes a 3-car garage and parking for up to 10 cars. The lot is 0.1894 acres with a large deep 150 lot. Zoning is R7.5, and the building is positioned near major highways and NY buses.
The layout is suited for a range of professional service uses, including office tenants such as accountants, attorneys, architects, and insurance offices.
Key Highlights
- 3‑car garage plus parking for up to 10 cars
- 0.1894‑acre lot with large deep 150 lot
- Main office, break area, private office(s) and 2 bathrooms
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
Lease Details
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Office building - Professional office near major highways and NY bus service, with a 3-car garage, central air, and public utilities.
Where is this office building 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: 3‑car garage plus parking for up to 10 cars; 0.1894‑acre lot with large deep 150 lot; Main office, break area, private office(s) and 2 bathrooms
