Mixed-Use Building on Prominent
691 Inman Avenue Colonia, NJ 07067
691 Inman Avenue, Colonia, NJ, 07067
$550,000
For Sale
$550,000
Mixed-use building with office space and apartment in desirable location.
Property Size1,314 SF
Price / SF$418.57
Days on Market358
Property Features for 691 Inman Avenue
General Information
- Standard status
- Active
- Size
- 1,314 SF
Building Details
- Year Built
- 1952
Listing Agency
COLDWELL BANKER REALTY
Listed by
HEATHER RODRIGUEZ
Source
Corcoran
Added: Jul 25, 2025 Checked: Mar 16 at 9:09 am
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $30.00 |
| − Vacancy | −$12.6k | −$9.60 |
| EGI | $26.8k | $20.40 |
| − OpEx | −$6.7k | −$5.10 |
| NOI | $20.1k | $15.30 |
1,314 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dave Roy - State ...
Insurance Agency
Similar For Sale Nearby
FAQs
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.
