Office Building with
For Sale
$445,000
54 Woodbridge Ave, Highland Park, NJ 08904
Commercially zoned property with office areas, parking, and proximity to major roadways and train transportation.
Property Size1,408 SF
Price / SF$316.05
Days on Market60
Property Features for 54 Woodbridge Ave
General Information
Standard status
Active
Size
1,408 SF
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,691
Building Details
Buildings
1
Listing Agency:
JOHN ANTHONY AGENCY C-21
(732) 906-2300
Listed By:
DOLORES J. ANDROVICH
Source:
Exprealty
Added: Jun 13
Changed: Aug 10
Last Checked: Aug 10 at 10:19AM
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 JOHN ANTHONY AGENCY C-21
Investment Insights
Based on property information with market context.
This 1,408 SF commercially zoned office property provides a flexible arrangement across two levels. The first floor includes separate living-room and dining-room areas currently configured for office use, along with a partial kitchen and half bath. Upstairs, the original bedrooms and full bath remain in place, offering additional room configurations. A full basement provides substantial storage space.
Located at 54 Woodbridge Ave in Highland Park, the property is near major roadways and a train. On-site parking is provided through a driveway and parking lot, with additional street parking available. The existing residential-style layout and office improvements offer a defined starting point for continued business use or a future reconfiguration.
Located at 54 Woodbridge Ave in Highland Park, the property is near major roadways and a train. On-site parking is provided through a driveway and parking lot, with additional street parking available. The existing residential-style layout and office improvements offer a defined starting point for continued business use or a future reconfiguration.
Key Highlights
- 1,408 SF office building at 54 Woodbridge Ave, Highland Park, NJ
- Commercial zoning with existing office configuration
- First floor includes office areas, partial kitchen, and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,542
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,840
$430.8K
Cap Rate 7%
$307,743
$307.7K
Cap Rate 9%
$239,356
$239.4K
Market Conditions
NOI Build-Up for 1,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.2K $30.00/SF
− Vacancy
−$13.5K −$9.60/SF
EGI
$28.7K $20.40/SF
− OpEx
−$7.2K −$5.10/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,840
Cap Rate 7%
$307,743
Cap Rate 9%
$239,356
Alternative Uses
Best Use
Office B
$307.7K
$269.3K – $359.0K
NOI $21,542 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.7K
$321.7K – $428.9K
NOI $25,736 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
Explore this area
Business Placement
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned property with office areas, parking, and proximity to major roadways and train transportation.
Where is this office building located?
The property is located at 54 Woodbridge Ave Highland Park, NJ.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,408 SF office building at 54 Woodbridge Ave, Highland Park, NJ; Commercial zoning with existing office configuration; First floor includes office areas, partial kitchen, and half bath
