Three-Unit Mixed-Use
For Sale
$899,900
612 Livingston Avenue, North Brunswick, NJ 08902
Commercial Sale, North Brunswick, NJ
Property Size1,839 SF
Lot Size0.11 Acres
Price / SF$489.34
Days on Market82
Property Features for 612 Livingston Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
99
Parking features
Driveway, On Street
Lot features
Near Public Transit, Near Train, Commercial Area
Directions
Livingston Ave.
Standard status
Active
APN
1400106000000001
Size
1,839 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9383
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Building materials
Brick, Metal Siding
Roof type
Asphalt
Listing Agency:
RE/MAX INNOVATION · RE/MAX International
(732) 298-6006
Listed By:
Joseph Marascio
(732) 718-7156
Added: Jul 1
Changed: Sep 17
Last Checked: Sep 20 at 1:06PM
MLS# 2700149R
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.
Investment Insights
Based on property information with market context.
This C1-zoned mixed-use property contains 1,839 square feet across three units on a 0.1148-acre lot. The configuration includes storefront business space and residential use, with all units currently leased on a month-to-month basis. A two-car garage, driveway, and on-street parking support the property, which was built in 1930.
The corner site sits within the business district and across from Bank of America. Train service, a bus line, and shopping are identified nearby. Construction includes brick and metal siding, with an asphalt roof described as newer and recently painted exterior surfaces. Public water, public sewer, and gas and electric utilities serve the property.
The corner site sits within the business district and across from Bank of America. Train service, a bus line, and shopping are identified nearby. Construction includes brick and metal siding, with an asphalt roof described as newer and recently painted exterior surfaces. Public water, public sewer, and gas and electric utilities serve the property.
Key Highlights
- Three‑unit mixed‑use property with 1,839 square feet
- C1 zoning on a 0.1148‑acre corner lot
- All 3 units leased on month‑to‑month terms
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
$26,249
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
2.92%
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%
$524,980
$525.0K
Cap Rate 7%
$374,986
$375.0K
Cap Rate 9%
$291,656
$291.7K
Market Conditions
NOI Build-Up for 1,839 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
$39.7K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$37.5K $20.39/SF
− OpEx
−$11.2K −$6.12/SF
NOI
$26.2K $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 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%
$524,980
Cap Rate 7%
$374,986
Cap Rate 9%
$291,656
Alternative Uses
Best Use
Retail
$375.0K
$328.1K – $437.5K
NOI $26,249 @ 7.0% cap · market cap 2.92%
Second Best
Mixed Use
$227.3K
$198.9K – $265.2K
NOI $15,912 @ 7.0% cap · market cap 1.77%
Theoretical Best
Office A
$480.2K
$420.2K – $560.2K
NOI $33,614 @ 7.0% cap · market cap 3.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 21%
Home Improvements & Furnishings 10%
Bank of America
Shops & Services
11,745 visits/mo
0.1 miles
Dunkin' Donuts
Dining
3,612 visits/mo
0.2 miles
Rent A Center
Home Improvements & Furnishings
1,651 visits/mo
0.2 miles
Demographics for 08902, NJ
43,296
Population
15,892
Households
2.7
Avg Household Size
38
Median Age
45%
College-Educated
87%
High-School Grad
13.2 sq mi
ZIP Area
3,280
Density / Sq Mi
$117,671
Median Household Income
$57,880
Median Earnings
$2,055
Median Rent
$402,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned property combines leased commercial and residential space with public utilities.
Where is this mixed-use property located?
The property is located at 612 Livingston Avenue North Brunswick, NJ.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Three‑unit mixed‑use property with 1,839 square feet; C1 zoning on a 0.1148‑acre corner lot; All 3 units leased on month‑to‑month terms
