Ground-Floor Office
For Sale
Contact for pricing
380 Washington Road F, Sayreville, NJ 08872
Open-plan commercial space includes a private office, dedicated utilities, central air conditioning, and on-site parking.
Property Size1,000 SF
Price / SF$1.20
Days on Market48
Property Features for 380 Washington Road F
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
70
Additional Details
Floor
Ground Floor
Utilities to Site
Yes
Amenities
Separate Utilities
Central AC
Closet & Utility Room
Quiet Location
Building Details
Year Built
1980
Listing Agency:
RE/MAX FIRST REALTY, INC.
Listed By:
FRANCES LITEPLO · License #8339492
(908) 208-6241
Source:
Luminancerealty
Added: Sep 2
Changed: Oct 3
Last Checked: Oct 5 at 11:40PM
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 1,000-square-foot office unit occupies the ground floor and combines an open work area with a private office. The space has newer flooring, central AC, separate utilities, a closet, and a utility room. Built in 1980, the property is configured for immediate occupancy.
The unit is positioned behind Deli Plus at 380 Washington Road F and is accessed through Ridge Ave. On-site parking accommodates 70 vehicles. Unit C, a separate 1,500-square-foot unit, may be rented together with this space.
The unit is positioned behind Deli Plus at 380 Washington Road F and is accessed through Ridge Ave. On-site parking accommodates 70 vehicles. Unit C, a separate 1,500-square-foot unit, may be rented together with this space.
Key Highlights
- 1,000 SF ground‑floor office unit
- Open workspace with a private office
- Newer floors, central AC, closet, and utility room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,300
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,000
$306.0K
Cap Rate 7%
$218,571
$218.6K
Cap Rate 9%
$170,000
$170.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.0K $30.00/SF
− Vacancy
−$9.6K −$9.60/SF
EGI
$20.4K $20.40/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $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%
$306,000
Cap Rate 7%
$218,571
Cap Rate 9%
$170,000
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 1,275.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 1,523.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Open-plan commercial space includes a private office, dedicated utilities, central air conditioning, and on-site parking.
Where is this office unit located?
The property is located at 380 Washington Road F Sayreville, NJ.
What are key features of this property?
This property features: 1,000 SF ground‑floor office unit; Open workspace with a private office; Newer floors, central AC, closet, and utility room
