Mixed-Use Property with Office
For Sale
$1,899,000
676 AMBOY AVE Unit 676, Woodbridge, NJ 07095
Two-lot offering combines office and residential improvements with on-site parking and access between Amboy Avenue and St. Georges Avenue.
Property Size5,711 SF
Lot Size0.49 Acres
Price / SF$267.05
Days on Market131
Property Features for 676 AMBOY AVE Unit 676
General Information
Standard status
Active
Size
5,711 SF
Total Parking Spaces
25
Lot size
0.49 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$105,744
Land Use
commercial, residential
Office Units
4
Taxes and HOA fees
Annual Taxes
$31,623
Amenities
Central Air
3
Vinyl, Carpet
Asphalt Shingle
Commercial
Parking.
25 Parking Spaces. Lot.
159.4X77 IRR, 159.4X77 IRR
Central Business District.
Building Details
Year Built
1964
Buildings
2
Building Size
5,711 SF
Tenancy
Multi
Listing Agency:
COLDWELL BANKER REALTY
(908) 451-2844
Listed By:
ALAN A. RASMUSSEN
(908) 451-2844
Source:
Xome
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 2:41PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This mixed-use property consists of two lots totaling .49 acres. The Amboy Avenue parcel includes a 5,711-square-foot, multi-tenant office building with 25 parking spaces, four CAC units, seven gas heating units, and nine bathrooms. The St. Georges Avenue parcel contains an approximately 1,400-square-foot residential home with two bedrooms, one bathroom, gas heat, and a basement tank.
Six tenants occupy seven units, with utilities paid by the tenants. The property provides ingress and egress between Amboy Avenue and St. Georges Avenue and is located near Rt 1 & 9 and the Garden State Parkway. The improvements were built in 1964 and are within a Central Business District.
Six tenants occupy seven units, with utilities paid by the tenants. The property provides ingress and egress between Amboy Avenue and St. Georges Avenue and is located near Rt 1 & 9 and the Garden State Parkway. The improvements were built in 1964 and are within a Central Business District.
Key Highlights
- Two lots totaling .49 acres with frontage on Amboy Ave & St Georges Ave
- 5,711 sq ft multi‑tenant office building at 676 Amboy Ave
- Approximately 1,400 sq ft residential home with 2 Bedrooms & 1 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
$108,798
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
5.73%
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%
$2,175,960
$2.2M
Cap Rate 7%
$1,554,257
$1.6M
Cap Rate 9%
$1,208,867
$1.2M
Market Conditions
NOI Build-Up for 7,111 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
$213.3K $30.00/SF
− Vacancy
−$68.3K −$9.60/SF
EGI
$145.1K $20.40/SF
− OpEx
−$36.3K −$5.10/SF
NOI
$108.8K $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%
$2,175,960
Cap Rate 7%
$1,554,257
Cap Rate 9%
$1,208,867
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,798 @ 7.0% cap · market cap 5.73%
Second Best
Mixed Use
$879.0K
$769.1K – $1.03M
NOI $61,529 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,978 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 07095, NJ
19,839
Population
8,132
Households
2.4
Avg Household Size
39
Median Age
34%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
4,313
Density / Sq Mi
$99,718
Median Household Income
$56,988
Median Earnings
$2,077
Median Rent
$361,200
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?
Mixed-use property - Two-lot offering combines office and residential improvements with on-site parking and access between Amboy Avenue and St. Georges Avenue.
Where is this mixed-use property located?
The property is located at 676 AMBOY AVE Unit 676 Woodbridge, NJ.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Two lots totaling .49 acres with frontage on Amboy Ave & St Georges Ave; 5,711 sq ft multi‑tenant office building at 676 Amboy Ave; Approximately 1,400 sq ft residential home with 2 Bedrooms & 1 Bath
