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    984 Us-9 Sayreville, NJ 08859

    Sponsored
    For Sale
    $1,800,000

    Sayreville, NJ Office Building - Value-Add Opportunity

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This two-story, 10,000 square foot office building in Sayreville, NJ, presents a compelling value-add investment opportunity. Situated on a 0.68-acre lot on prominent Route 9, the property boasts 26 tenants, providing diversified income streams. The building, constructed in 1950, features ample parking (43 spaces) and is zoned B3, allowing for potential redevelopment. Currently generating a NOI of $103,000 (5.72% cap rate), a pro-forma NOI of $115,000 (6.38% cap rate) is projected. The asking price is $1,800,000. All leases are short-term, offering immediate upside potential through rent increases or redevelopment. The property's location and zoning offer flexibility for various development scenarios, including constructing a new commercial structure or leasing land to a fast-food restaurant. This multi-tenant building minimizes risk and offers significant potential for increased profitability. The fee-simple ownership provides complete control and long-term growth opportunities.

    Property Features for 984 Us-9

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,000 SF
    Class
    C
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    2
    Units
    26

    HighLights

    • Prominent Route 9 location in Sayreville.
    • Short‑term leases offer immediate value‑add potential.
    • Development opportunity: build a new commercial structure or lease land to a fast‑food restaurant.
    • Ample parking with 43 spaces.
    • Diversified income stream with 26 tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sayreville
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.295784724909
    Latitude
    40.45825819822

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    FAQs

    What type of property is this?
    Office Property / Space - Sayreville, NJ Office Building - Value-Add Opportunity
    Where is this office property / space located?
    The property is located at 984 Us-9 Sayreville, NJ.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prominent Route 9 location in Sayreville.; Short-term leases offer immediate value-add potential.; Development opportunity: build a new commercial structure or lease land to a fast-food restaurant.
    (732) 735-1313
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    984 Us-9 Sayreville, NJ 08859
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    984 Us-9 Sayreville, NJ 08859
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