Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Route 516 Commercial Space Title is generated by Realmo AI

    3960 Highway 516, Old Bridge, NJ 07747

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    COMMERCIAL - Old Bridge, NJ

    Property size:
    1,462 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $0.79/SF
    Added:
    Mar 6, 2026
    Days on Market:
    69
    Last Refresh:
    May 14 at 3:06 pm

    Property Features for 3960 Highway 516

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    TCD
    Parking
    14
    Parking features
    Garage
    Interior features
    Carpeting, Lighting Fixtures
    Standard status
    Active
    APN
    1510252240001711
    Size
    1,462 SF
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9799

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Flooring type
    Lighting fixtures, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Flat

    We can help!

    Listing Contact
    Kathryn Fedak

    Listing agent Kathryn Fedak

    Listing office EXP REALTY, LLC 28 VALLEY RD SUITE 1, Montclair, NJ

    Listing date Mar 6, 2026

    MLS# 2661412M

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High visibility location on heavily trafficked Route 516.
    • Flexible layout with two distinct rooms (main space and private room).
    • Ample parking for clients and customers.
    • Suitable for various business types (professional, boutique, service‑oriented).
    • Ideal for entrepreneurs, downsizing businesses, or client‑facing professionals.
    • Convenient access to public water and sewer.

    Overview

    This commercial space is located along Route 516 and offers visibility, convenience, and parking. The flexible layout includes two distinct rooms, featuring a larger main space and a separate private room. It is suitable for professional, boutique, or service-oriented businesses. This property is located in a high-profile corridor with steady traffic exposure. The lot size is 2.5 acres and the property size is 1462 square feet. The zoning is TCD. The property is located in Old Bridge, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -74.303504
    Latitude
    40.401897

    Nearby Similar for Sale

    • $725,000
      1,890 SF

      Established Daycare with Expansion Potential

      Thriving daycare center on 0.79 acres in Old Bridge, NJ.
      110 Charles Street, Old Bridge, NJ 08857
      View Details
    • $28
      38,000 SF

      Old Bridge Retail Spaces Available

      Retail spaces available in well-traveled Old Bridge strip mall.
      343 Matawan Road, Old Bridge, NJ 07747
      View Details
    • $825,000
      1,499 SF

      High-Income Two-Family with Garage

      Updated duplex with strong cash flow and garage income.
      49-B Middlesex Road, Old Bridge, NJ 07747
      View Details
    • $20,000

      Established Boutique on Route 9

      High-volume clothing boutique on Route 9 in Old Bridge.
      3663-3689 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • $475,000
      1,116 SF

      Commercial Space on Route 34

      Versatile commercial space suitable for office, retail, or service businesses.
      359 Rt 34, Old Bridge, NJ 07747
      View Details
    • $2,200,000
      16,000 SF

      Fully Leased Commercial Investment Opportunity

      Turnkey, updated commercial property with six established tenants.
      228 SE State Route 34 Corner, Old Bridge, NJ 07747
      View Details
    • $292,000
      1,450 SF

      Turnkey Pizzeria in Old Bridge

      Established pizzeria for sale in a prime location.
      Texas Rd, Old Bridge Twp., NJ 08857
      View Details
    • $725,000
      1,890 SF

      Daycare Investment Opportunity with Expansion

      Established daycare center with expansion potential in family-friendly location.
      110 Charles Street, Old Bridge, NJ 08857
      View Details
    • $725,000
      1,890 SF

      Established Daycare with Expansion Potential

      Thriving daycare center on 0.79 acres with expansion potential.
      110 Charles Street, Old Bridge, NJ 08857
      View Details
    • $292,000

      Turnkey Pizzeria in Old Bridge

      Established pizzeria for sale in a prime location.
      Texas Road, Old Bridge, NJ 08857
      View Details
    • $292,000

      Turnkey Pizzeria in Old Bridge

      Established pizzeria for sale in a prime location.
      Texas Road, Old Bridge, NJ 08857
      View Details
    • $20,000
      1,480 SF

      Established Boutique on Route 9

      High-volume clothing boutique on Route 9 in Old Bridge.
      3663-3689 US Highway 9 Route, Old Bridge, NJ 08857
      View Details

    FAQs

    What type of property is this?
    Retail space - Well-positioned commercial space with excellent visibility and flexible layout.
    Where is this retail space located?
    The property is located at 3960 Highway 516 Old Bridge, NJ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High visibility location on heavily trafficked Route 516.; Flexible layout with two distinct rooms (main space and private room).; Ample parking for clients and customers.
    (866) 201-6210
    We can help!
    Listing Contact
    Kathryn Fedak
    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
    3960 Highway 516, Old Bridge, NJ 07747
    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!