Ground-Floor Office
380 Washington Rd, Sayreville, NJ 08872
For Sale
Contact for pricing
Flexible office premises with private restrooms, dedicated utilities, central air conditioning, and on-site vehicle parking.
Property Size1,500 SF
Price / SF$1.53
Days on Market100
Property Features for 380 Washington Rd
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Road Access
Utilities to Site
Additional Details
Floor
Amenities
Central AC
Two Large Closets & Utility Room
Newer flooring
Private Bath
Building Details
Year Built
Listing Agency:
RE/MAX FIRST REALTY, INC.
Listed By:
FRANCES LITEPLO · License NJ #8339492
(732) 257-3500
Source:
Luminancerealty
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 5 at 11:11PM
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 RE/MAX FIRST REALTY, INC.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit is located on the ground floor at 380 Washington Road in Sayreville, New Jersey. The space includes central AC, separate utility service, a private bath, two large closets, and a utility room. Newer flooring is also in place, and the premises are available immediately.
The property is set back from Washington Road behind Deli Plus, with access through Ridge Avenue and parking for 70 vehicles. The unit may be combined with Unit F for an additional 1,000 square feet. Permitted use excludes food, medical, and salon operations.
The property is set back from Washington Road behind Deli Plus, with access through Ridge Avenue and parking for 70 vehicles. The unit may be combined with Unit F for an additional 1,000 square feet. Permitted use excludes food, medical, and salon operations.
Key Highlights
- 1,500 SF ground‑floor office unit
- Parking for 70 vehicles
- Central AC and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,950
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,000
$459.0K
Cap Rate 7%
$327,857
$327.9K
Cap Rate 9%
$255,000
$255.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.0K $30.00/SF
− Vacancy
−$14.4K −$9.60/SF
EGI
$30.6K $20.40/SF
− OpEx
−$7.7K −$5.10/SF
NOI
$23.0K $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 Rate 5%
$459,000
Cap Rate 7%
$327,857
Cap Rate 9%
$255,000
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 08872, NJ
20,351
Population
7,837
Households
2.6
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
2,142
Density / Sq Mi
$97,204
Median Household Income
$50,654
Median Earnings
$1,594
Median Rent
$404,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Middlesex County, NJ
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office premises with private restrooms, dedicated utilities, central air conditioning, and on-site vehicle parking.
Where is this office unit located?
The property is located at 380 Washington Rd Sayreville, NJ.
What are key features of this property?
This property features: 1,500 SF ground‑floor office unit; Parking for 70 vehicles; Central AC and separate utilities
