Mixed-Use Property with Brick
For Sale
$950,000
55 Ferry Road, Old Bridge, NJ 08857
OG-3 zoning presents potential for commercial, agricultural, and residential-oriented use, subject to required approvals.
Property Size3,265 SF
Price / SF$290.96
Days on Market124
Property Features for 55 Ferry Road
General Information
Standard status
Active
Size
3,265 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,868
Amenities
Central air
Asphalt Roof
Baseboard Cast Iron Heating
Carpet Flooring
Ceiling Fan(s) Cooling
Ceramic Tile Flooring
Gravel Driveway
Hard Surface
On Site
Unpaved
Vinyl-Linoleum Flooring
Wood Flooring
Wooded
Building Details
Year Built
1967
Listing Agency:
DINEEN REALTY
(732) 613-9300
Listed By:
DEBRA L. INDRAWIS · License #1432991
Source:
Corcoran
Added: Apr 30
Changed: Aug 29
Last Checked: Aug 30 at 4:43PM
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 DINEEN REALTY
Investment Insights
Based on property information with market context.
This mixed-use property combines more than 9 acres with an all-brick split-level residence built in 1967. The home contains 3,265 square feet, four bedrooms, and three bathrooms, with a layout suited to residential occupancy and multi-generational living. The offering is conveyed strictly as-is.
The property is located at 55 Ferry Road in Old Bridge, with access to Rt 18, Rt 9, and the NJTpk. A hospital and nursing home are nearby. OG-3 zoning creates a framework for evaluating potential commercial applications, including medical or dental offices, storage facilities, small business operations, agricultural uses, and hotel-motel development. Buyers are responsible for due diligence regarding permitted uses, town certifications, and approvals.
The property is located at 55 Ferry Road in Old Bridge, with access to Rt 18, Rt 9, and the NJTpk. A hospital and nursing home are nearby. OG-3 zoning creates a framework for evaluating potential commercial applications, including medical or dental offices, storage facilities, small business operations, agricultural uses, and hotel-motel development. Buyers are responsible for due diligence regarding permitted uses, town certifications, and approvals.
Key Highlights
- Over 9 acres of mixed‑use property
- 3,265‑square‑foot all‑brick split‑level home
- Four bedrooms and three bathrooms
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
$28,251
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
2.97%
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%
$565,020
$565.0K
Cap Rate 7%
$403,586
$403.6K
Cap Rate 9%
$313,900
$313.9K
Market Conditions
NOI Build-Up for 3,265 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
$51.7K $15.84/SF
− Vacancy
−$6.5K −$2.00/SF
EGI
$45.2K $13.84/SF
− OpEx
−$17.0K −$5.19/SF
NOI
$28.3K $8.65/SF
Area
Middlesex County, NJ
Vacancy
12.60%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
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%
$565,020
Cap Rate 7%
$403,586
Cap Rate 9%
$313,900
Alternative Uses
Best Use
Mixed Use
$403.6K
$353.1K – $470.9K
NOI $28,251 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.6K
$746.0K – $994.7K
NOI $59,679 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 08857, NJ
40,675
Population
16,241
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
24.0 sq mi
ZIP Area
1,695
Density / Sq Mi
$101,192
Median Household Income
$59,028
Median Earnings
$1,462
Median Rent
$459,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - OG-3 zoning presents potential for commercial, agricultural, and residential-oriented use, subject to required approvals.
Where is this mixed-use property located?
The property is located at 55 Ferry Road Old Bridge, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Over 9 acres of mixed‑use property; 3,265‑square‑foot all‑brick split‑level home; Four bedrooms and three bathrooms
