502 Washington Rd, Parlin, NJ

Listing Agency: COLDWELL BANKER REALTY m***@coldwellbankermoves.com Show Phone

Listed By: CHRISTOPHER RYAN · License #8733341 Show Phone

Source: Exprealty

Added: Sep 16 Changed: Nov 5 Last Checked: Nov 8 at 11:55AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This freestanding storefront property offers approximately 1,900 square feet along with an additional 1,000 square feet of finished basement space. The lower level can support workspace, storage, or expanded operations. The property is currently configured and operating as a salon, with existing salon fixtures available for negotiation. Its layout and improvements also support consideration for other professional uses.

Located at 502 Washington Rd in Parlin, New Jersey, the building includes a 21-car parking lot and prominent visibility. The combination of a standalone building, dedicated parking, finished auxiliary space, and an existing salon setup provides a practical commercial configuration for an owner-user or operator seeking an established storefront environment.

Key Highlights

• Freestanding commercial storefront at 502 Washington Rd, Parlin, NJ
• Approximately 1,900 square feet of property size
• Approximately 1,000 additional square feet of finished basement space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,119

Suggested Prices Based on Cap Rates

Cap Rate 5%

$542,380 $542.4K

Cap Rate 7%

$387,414 $387.4K

Cap Rate 9%

$301,322 $301.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,900 SF

Gross rent

$41.0K $21.60/SF

− Vacancy

−$2.3K −$1.21/SF

EGI

$38.7K $20.39/SF

− OpEx

−$11.6K −$6.12/SF

NOI

$27.1K $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%

$542,380

Cap Rate 7%

$387,414

Cap Rate 9%

$301,322

Alternative Uses

Best Use

Retail

$387.4K

$339.0K – $452.0K (±1% cap)

NOI $27,119 @ 7.0% cap · market cap 531.75%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$496.1K

$434.1K – $578.8K (±1% cap)

NOI $34,729 @ 7.0% cap · market cap 680.96%

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

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

385

Businesses Nearby

2k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Domino's Pizza Dining

1,916 visits/mo 0.0 miles

Market

Average Price Trend$/SF for Storefront properties in Middlesex County, NJ

$274 Jul

$245 Aug

$256 Sep

$316 Oct

Properties on Market for Storefront properties in Middlesex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar Off Market Nearby

• Four Seasons Flower & Gift Shp — 139 Main St, Sayreville, NJ 08872

Frequently Asked Questions

What type of property is this?

Storefront property - Standalone commercial space with finished lower-level area, on-site parking, and existing salon improvements.

Where is this storefront property located?

The property is located at 502 Washington Rd Parlin, NJ.

What are key features of this property?

This property features: Freestanding commercial storefront at 502 Washington Rd, Parlin, NJ; Approximately 1,900 square feet of property size; Approximately 1,000 additional square feet of finished basement space