Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Austin Ave, Unit 1 Iselin, NJ 08830

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial space in convenient location with high visibility.

    Property size:
    3,052 SF

    Property Features for 2 Austin Ave

    General Information

    Standard status
    Active
    Size
    3,052 SF

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Barbara Sancilardi
    Source: Corcoran

    Listing Agency: CENTURY 21 MAIN STREET REALTY Listing Agent: Barbara Sancilardi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Space with Road Exposure

    The property is a commercial space located in a free-standing building with convenient access to major highways including the Garden State Parkway, New Jersey Turnpike, Route 19, and Route 35. The property benefits from road exposure on Route 1, offering high visibility. The available space is on the first floor, left side. The tenant is responsible for electric and gas utilities, while the landlord covers cold water and sewer. Each unit includes its own half bath. The lease is a gross lease with no CAM charges. The property size is 3052 square feet.
    Location Intelligence

    Current Use by Public Records

    World Import Distributors ... Big Box & Wholesale Store Computer Clinic Iselin ... Tech Support Center Computer Clinic Computer & Electronic Repair Itecy Employment Agency Astir It Solutions ... IT Consulting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Iselin
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3018411
    Latitude
    40.5622756

    Nearby Similar for Sale

    • New
      Contact for pricing
      3,600 SF

      Move-in Ready Office Suite

      900 SF office suite with private entrance and bathroom.
      894 Green St, Iselin, NJ 08830
      View Details
    • New
      Contact for pricing
      3,600 SF

      Move-in Ready Office Suite

      900SF office suite in Green Street/Oak Tree Business District.
      894 Green St, Iselin, NJ 08830
      View Details
    • Contact for pricing
      3,052 SF

      Iselin Commercial Property For Sale

      Commercial property in Iselin, NJ, with high road exposure.
      2 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Space Available

      First floor office suite available for immediate occupancy.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Space Available

      Office space available for immediate occupancy in Iselin, New Jersey.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      3,052 SF

      Iselin Office Space For Sale

      Office space in Iselin, NJ, convenient location, high visibility.
      2 Austin Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing
      4,142 SF

      Iselin Office Space For Sale

      208 sq ft office space available for immediate occupancy.
      1 Austin Ave, Iselin, NJ 08830
      View Details
    • $749,000
      2,244 SF

      Multifamily in Prime Iselin Location

      Multifamily property with income potential in a sought-after rental market.
      24 Maple Rd, Iselin, NJ 08830
      View Details
    • $975,000
      1,500 SF

      Iselin Mixed-Use Corner Property

      Mixed-use property on a busy corner with commercial and residential features.
      1610 Oak Tree Rd, Iselin, NJ 08830
      View Details
    • Contact for pricing

      Office Space Near Metro Park

      Office space available in a coveted location near Metro Park.
      485 S 1, Iselin, NJ 08830
      View Details
    • Contact for pricing
      1,000 SF

      First Floor Office Unit

      Office unit with high visibility and convenient parking.
      521 Green St, Iselin, NJ 08830
      View Details
    • Contact for pricing
      6,400 SF

      Restaurant/Retail Property For Sale

      6,400 SF restaurant/retail property available for sale.
      780 Us Highway 1 N, Iselin, NJ 08830
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial space in convenient location with high visibility.
    Where is this storefront property located?
    The property is located at 2 Austin Ave, Unit 1 Iselin, NJ.
    What are key features of this property?
    This property features: - High visibility due to Rt. 1 Road Exposure.; - Convenient location near major highways (GSP, NJ Turnpike, Route 19, Rt. 35).; - Free-standing building.
    (732) 527-7201
    Request Owner's contact information
    2 Austin Ave, Unit 1 Iselin, NJ 08830
    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.
    2 Austin Ave, Unit 1
    Iselin, NJ 08830
    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
    2 Austin Ave, Unit 1 Iselin, NJ 08830
    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

    We can help!
    Listing Contact
    Barbara Sancilardi
    (732) 527-7201 (732) 750-4663 (732) 266-8982
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!