Shopping Center with Separate
For Sale
$1,499,900
429 Ryders Lane, East Brunswick, NJ 08816
Commercial Sale, East Brunswick, NJ
Property Size3,186 SF
Lot Size0.33 Acres
Price / SF$470.78
Days on Market94
Property Features for 429 Ryders Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Parking
26
Parking features
Open
Interior features
Dropped Ceiling, Lighting Fixtures
Appliances
Exhaust System
Lot features
Near Public Transit, Near Shopping, Commercial Area
Directions
Ryders Lane between Milltown Road and Smith Street, In front of Walgreens
Standard status
Active
APN
0400317130004008
Size
3,186 SF
Lot size
0.33 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
28872
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Zoned, Attic Fan, Exhaust Fan (Cooling)
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Flooring type
Linoleum, Dropped ceiling, Lighting fixtures, Tile - Ceramic
Building materials
Block, Stucco
Roof type
Rubber, Flat
Listing Agency:
AIM REALTY CORP.
Listed By:
Steven Schrager
(732) 651-8400
Added: Aug 4
Changed: Oct 30
Last Checked: Nov 5 at 10:06AM
MLS# 2702266R
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.
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Investment Insights
Based on property information with market context.
This 3,186-square-foot shopping center contains two tenant spaces, occupied by Vinnies Pizza and Bond Cleaners. Each unit has separate utilities. The building was constructed in 1953 and features block and stucco construction, a flat rubber roof, central air conditioning, forced-air heat, and open parking. Interior finishes include tile and linoleum flooring, dropped ceilings, and lighting fixtures; an exhaust system is also present.
The property occupies 0.332 acres at 429 Ryders Lane in East Brunswick, New Jersey. It is zoned C3 and has public water and sewer. Bond Cleaners occupies its space on a month-to-month basis.
The property occupies 0.332 acres at 429 Ryders Lane in East Brunswick, New Jersey. It is zoned C3 and has public water and sewer. Bond Cleaners occupies its space on a month-to-month basis.
Key Highlights
- 3,186‑square‑foot shopping center on a 0.332‑acre lot
- Two tenants: Vinnies Pizza and Bond Cleaners
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,723
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,460
$974.5K
Cap Rate 7%
$696,043
$696.0K
Cap Rate 9%
$541,367
$541.4K
Market Conditions
NOI Build-Up for 3,186 SF
Gross rent
$68.8K $21.60/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$65.0K $20.39/SF
− OpEx
−$16.2K −$5.10/SF
NOI
$48.7K $15.29/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,460
Cap Rate 7%
$696,043
Cap Rate 9%
$541,367
Alternative Uses
Best Use
Specialty Retail
$696.0K
$609.0K – $812.1K
NOI $48,723 @ 7.0% cap · market cap 3.25%
Second Best
Retail
$649.6K
$568.4K – $757.9K
NOI $45,475 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$831.9K
$727.9K – $970.6K
NOI $58,235 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 53%
Shops & Services 40%
Dining 7%
The Home Depot
Home Improvements & Furnishings
49,036 visits/mo
0.5 miles
Wawa
Shops & Services
28,841 visits/mo
0.1 miles
TD Bank
Shops & Services
8,119 visits/mo
0.2 miles
Cold Stone Creamery
Dining
4,659 visits/mo
0.4 miles
Domino's Pizza
Dining
1,930 visits/mo
0.4 miles
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Two occupied storefronts are served by individual utility systems and include food service and dry-cleaning businesses.
Where is this shopping center located?
The property is located at 429 Ryders Lane East Brunswick, NJ.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: 3,186‑square‑foot shopping center on a 0.332‑acre lot; Two tenants: Vinnies Pizza and Bond Cleaners; Separate utilities for each unit
