Sayreville Office Building For
For Sale
Contact for pricing
Pending
984 US-9, Sayreville, NJ 08859
Multi-tenanted office building with value-add potential in Sayreville, NJ.
Property Size10,000 SF
Days on Market695
Property Features for 984 US-9
General Information
Standard status
Pending
Size
10,000 SF
Class
C
Property subtype
Office
Zoning
B3
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$100,000
Building Details
Year Built
1950
Buildings
1
Stories
2
Units
26
Tenancy
Multi
Listing Agency:
Kroll Commercial Realty LLC
(732) 735-1313
Listed By:
Adrian Kroll · License #NJ 8432399
Source:
Crexi
Added: Sep 26, 2024
Changed: Aug 8
Last Checked: Aug 19 at 8:52PM
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 Kroll Commercial Realty LLC
Investment Insights
Based on property information with market context.
This office building is available for sale and is located on Route 9 in Sayreville. The property is multi-tenanted with 26 tenants and offers diversified risk. It features 43 parking spaces. The property presents a value-add opportunity to construct a new commercial structure, land lease to a fast food restaurant, or increase current rentals in the building. The building has short term leases.
Key Highlights
- Value‑add opportunity: build a new commercial structure or land lease to a fast food restaurant.
- Prominent Route 9 location in Sayreville.
- Diversified risk due to multi‑tenanted building (26 tenants).
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
$153,000
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
8.50%
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%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 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
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 08859, NJ
24,666
Population
9,067
Households
2.7
Avg Household Size
40
Median Age
38%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
5,139
Density / Sq Mi
$96,593
Median Household Income
$52,648
Median Earnings
$1,625
Median Rent
$407,100
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?
Office building - Multi-tenanted office building with value-add potential in Sayreville, NJ.
Where is this office building 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: Value‑add opportunity: build a new commercial structure or land lease to a fast food restaurant.; Prominent Route 9 location in Sayreville.; Diversified risk due to multi‑tenanted building (26 tenants).
