Office Building with Full
For Sale
$445,000
54 Woodbridge Ave #54, Highland Park, NJ 08904
CBD-zoned property offers a first-floor office layout, upper-level rooms, and both driveway and street parking.
Property Size1,408 SF
Price / SF$316.05
Days on Market89
Property Features for 54 Woodbridge Ave #54
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Commercial
Zoning
CBD
Property Condition
Severity
Repairs Needed
Evidence
A little TLC
Additional Details
Public Transit
Yes
Building Details
Building Size
1,408 SF
Stories
2
Units
1
Listing Agency:
C-21 John Anthony
(732) 906-2300
Listed By:
Dolores Androvich
(732) 501-7972
Source:
Cammarotarealestate
Added: Jul 31
Changed: Oct 25
Last Checked: Oct 26 at 3:51AM
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 C-21 John Anthony
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Investment Insights
Based on property information with market context.
This CBD-zoned office building retains a residential-style arrangement across two levels. The first floor includes living and dining areas used as office space, a partial kitchen, and a half bath. Upstairs, the original bedrooms and a full bath remain. A full basement provides additional storage. The building contains 1,408 square feet and would require some work to prepare for a business occupant.
The property is near major roadways and train service in a commercial area. Parking is available in the driveway and along the street.
The property is near major roadways and train service in a commercial area. Parking is available in the driveway and along the street.
Key Highlights
- 1,408‑square‑foot office building
- CBD zoning
- First floor includes office areas, a partial kitchen, and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,542
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - CBD-zoned property offers a first-floor office layout, upper-level rooms, and both driveway and street parking.
Where is this office building located?
The property is located at 54 Woodbridge Ave #54 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‑square‑foot office building; CBD zoning; First floor includes office areas, a partial kitchen, and a half bath
