Mixed-Use Building on Prominent
For Sale
$550,000
691 Inman Avenue, Colonia, NJ 07067
Mixed-use building with office space and apartment in desirable location.
Property Size1,314 SF
Price / SF$418.57
Days on Market439
Property Features for 691 Inman Avenue
General Information
Standard status
Active
Size
1,314 SF
Taxes and HOA fees
Annual Taxes
$10,299
Building Details
Year Built
1952
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
HEATHER RODRIGUEZ
Source:
Corcoran
Added: Jul 25, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 building is situated on a prominent double-line road with high visibility and heavy traffic flow. The property features a ground-floor office space suitable for various professional uses, and a 3-bedroom apartment in mint condition. The apartment is suitable for an owner-occupant or as a rental income source. The property is set on a nicely sized lot and offers curb appeal and potential for future expansion. The building size is 1314 square feet.
Key Highlights
- Prime location on a prominent, high‑traffic road offering exceptional visibility for business exposure.
- Mixed‑use building provides both ground‑floor office space and a mint‑condition 3‑bedroom apartment.
- Ideal for owner‑occupancy with rental income potential from either the office or apartment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,104
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,080
$402.1K
Cap Rate 7%
$287,200
$287.2K
Cap Rate 9%
$223,378
$223.4K
Market Conditions
NOI Build-Up for 1,314 SF
Gross rent
$39.4K $30.00/SF
− Vacancy
−$12.6K −$9.60/SF
EGI
$26.8K $20.40/SF
− OpEx
−$6.7K −$5.10/SF
NOI
$20.1K $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%
$402,080
Cap Rate 7%
$287,200
Cap Rate 9%
$223,378
Alternative Uses
Best Use
Office B
$287.2K
$251.3K – $335.1K
NOI $20,104 @ 7.0% cap · market cap 3.66%
Second Best
Mixed Use
$162.4K
$142.1K – $189.5K
NOI $11,370 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$343.1K
$300.2K – $400.3K
NOI $24,018 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 07067, NJ
18,609
Population
6,243
Households
3
Avg Household Size
43
Median Age
47%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
4,652
Density / Sq Mi
$134,301
Median Household Income
$67,393
Median Earnings
$1,964
Median Rent
$473,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with office space and apartment in desirable location.
Where is this mixed-use property located?
The property is located at 691 Inman Avenue Colonia, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime location on a prominent, high‑traffic road offering exceptional visibility for business exposure.; Mixed‑use building provides both ground‑floor office space and a mint‑condition 3‑bedroom apartment.; Ideal for owner‑occupancy with rental income potential from either the office or apartment.
