Office
For Sale
Contact for pricing
389 Smith Street, Perth Amboy, NJ 08861
The space is identified for office or retail use, with access to several regional routes.
Property Size1,000 SF
Price / SF$2.20
Days on Market208
Property Features for 389 Smith Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1910
Listing Agency:
Keller Williams City Life
Listed By:
Jose Sanchez · License #1536927
(201) 659-8600
Source:
Defelicerealtygroup
Added: Apr 9
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
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 Keller Williams City Life
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at 389 Smith Street is identified for office or retail use. The building dates to 1910.
The property is in Perth Amboy, with access to Route 9, the Garden State Parkway, the New Jersey Turnpike, and the Outerbridge Crossing into Staten Island.
The property is in Perth Amboy, with access to Route 9, the Garden State Parkway, the New Jersey Turnpike, and the Outerbridge Crossing into Staten Island.
Key Highlights
- Office or retail use is identified for the space
- Located at 389 Smith Street in Perth Amboy City, NJ 08861
- Building year: 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,273
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,460
$285.5K
Cap Rate 7%
$203,900
$203.9K
Cap Rate 9%
$158,589
$158.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$20.4K $20.39/SF
− OpEx
−$6.1K −$6.12/SF
NOI
$14.3K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,460
Cap Rate 7%
$203,900
Cap Rate 9%
$158,589
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 695.45%
Second Best
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 648.77%
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 830.82%
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
Highway access
Location Intelligence
Trade Area within ½ mile
2,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
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 - The space is identified for office or retail use, with access to several regional routes.
Where is this office unit located?
The property is located at 389 Smith Street Perth Amboy, NJ.
What are key features of this property?
This property features: Office or retail use is identified for the space; Located at 389 Smith Street in Perth Amboy City, NJ 08861; Building year: 1910
