Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Space For Lease Title is generated by Realmo AI

    2515 Highway 516, Old Bridge, NJ 08857

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Renovated 1,500 SF office space for lease in Old Bridge.

    Type:Commercial
    Property size:
    1,500 SF
    Added:
    May 20, 2026
    Days on Market:
    14
    Last Refresh:
    May 21 at 8:46 am

    Property Features for 2515 Highway 516

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    BIANA SHLAKMAN

    Listing agent BIANA SHLAKMAN

    Listing office HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY

    Listing date May 20, 2026

    Source Corcoran

    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 HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY

    HighLights

    • Fully renovated office space, ready for immediate occupancy.
    • Approximately 1,500 square feet of space.
    • Plentiful on‑site parking for tenants and clients.
    • Ideal for a variety of professional uses.
    • Located on Country Rd 516 in the heart of Old Bridge.
    • Well maintained space.

    Overview

    This is an exceptional opportunity to lease a fully renovated lower-level office space located on Country Rd 516 in Old Bridge. The well-maintained space offers approximately 1,500 square feet and is suitable for a variety of professional uses. The property provides plentiful on-site parking for tenants and clients.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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
    Old Bridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.326779
    Latitude
    40.403928

    Nearby Similar for Lease

    • $1,900/Mo
      1,000 SF

      Renovated Medical/Professional Office Condo

      Renovated office condo with great access and visibility.
      28 Throckmorton Lane, Old Bridge, NJ 08857
      View Details
    • $2,750/Mo
      999 SF

      Professional Office Suites For Rent

      Newly finished office suites in Old Bridge Professional Plaza.
      300 Perrine Road, Old Bridge, NJ 08857
      View Details
    • $900/Mo

      Office Space on Route 9

      Second-floor office space with visibility on Route 9.
      3384 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      1,500 SF

      Renovated Office Space For Lease

      Renovated 1,500 sq ft office space in Old Bridge, NJ.
      2515 Highway 516, Old Bridge, NJ 08857
      View Details
    • $2,550/Mo
      1,000 SF

      Renovated Medical/Professional Office Condo

      Renovated office condo with ideal medical layout for lease.
      28 Throckmorton Lane #1, Old Bridge, NJ 08857
      View Details
    • $23 SF/Yr

      Professional Office on US Route 9

      New construction professional/medical office space with highway frontage and visibility.
      3649 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • $14 SF/Yr
      864 SF

      Office Space in Old Bridge

      Office space available for lease in Old Bridge, NJ.
      109 White Oak Ln, Old Bridge, NJ
      View Details
    • Contact for pricing
      1,483 SF

      Mixed-Use Development Retail Opportunity

      Retail space available in a new mixed-use development.
      199 Texas Rd, Old Bridge, NJ
      View Details
    • Contact for pricing
      2,000 SF

      Former Restaurant End Cap Space

      2,000 SF end cap space, former restaurant, highway exposure.
      3310 - 3366 Us-9, Old Bridge, NJ
      View Details
    • Contact for pricing

      Prime Retail Space in Old Bridge

      High-visibility retail space in a dynamic Old Bridge location.
      3500 US Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      2,325 SF

      Retail Space Near Logistics Park

      Retail space available near central logistics park development.
      South St, Old Bridge, NJ
      View Details
    • Contact for pricing

      Old Bridge Warehouse Space

      Warehouse space available for lease in Old Bridge, NJ.
      55 Jake Brown Road, Old Bridge, NJ 08857
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated 1,500 SF office space for lease in Old Bridge.
    Where is this office units located?
    The property is located at 2515 Highway 516 Old Bridge, NJ.
    What are key features of this property?
    This property features: Fully renovated office space, ready for immediate occupancy.; Approximately 1,500 square feet of space.; Plentiful on‑site parking for tenants and clients.
    (732) 946-9200
    We can help!
    Listing Contact
    BIANA SHLAKMAN
    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
    2515 Highway 516, Old Bridge, NJ 08857
    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!