Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 South Ave Middlesex, NJ 8846

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office suite opportunity available for lease.

    Type:Office, Industrial
    Property size:
    1,016 SF
    Added:
    Sep 18, 2024
    Days on Market:
    588
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 400 South Ave

    General Information

    Standard status
    Active
    Size
    1,016 SF
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 400 South Ave Contact us

    Suite 1 $15 /Mo

    Size
    1,016 SF
    Type
    Office, Industrial
    Suite 1: ±1,016 sf available office suite
    Contact us

    We can help!

    Listing Contact
    Jason M. Crimmins
    Jason M. Crimmins

    Listing agent Jason M. Crimmins License #NJ 9694872

    Listing date Sep 18, 2024

    Source Crexi

    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 Jason M. Crimmins

    Overview

    Office Suite For Lease

    An office suite offering approximately 1,016 square feet is available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Studio Gear Cosmetics Big Box & Wholesale Store Liberty State Finance Loan Service Automatic Ice Maker ... Production Facility Agiletal Technologies (Bike/Boat/Book/etc) Store Tess-Com,Inc. Engineer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlesex
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4849297
    Latitude
    40.5755977

    Nearby Similar for Lease

    • $13 SF/Yr

      Flex Space Ready for Fit-Out

      4,000 SF flex space available in Middlesex, NJ.
      275 Lincoln Boulevard, Middlesex, NJ 08846
      View Details
    • $3,000/Mo

      Combined Office Suite with Basement

      2,000 SF office suite with basement and parking.
      495 Union Ave, Middlesex Boro, NJ 08846
      View Details
    • $3,000/Mo

      Retail Space on Busy Route

      1,800 SF retail space in Middlesex Borough for rent.
      748 Bound Brook Rd, Middlesex Boro, NJ 08846
      View Details
    • $16 SF/Yr

      Office Suites For Rent

      Office suites available in a complex with reception and conference areas.
      1273 Bound Brook Rd, Middlesex Boro, NJ 08846
      View Details
    • $13 SF/Yr

      Stand Alone Building Office Suites

      Office suites available in stand-alone building with off-street parking.
      1251 Bound Brook Rd, Middlesex Boro, NJ 08846
      View Details
    • Contact for pricing

      Industrial Warehouse with Highway Access

      6,600 SF warehouse with 28' clearance near I-287.
      166 Baekeland Avenue, Middlesex, NJ 08846
      View Details
    • Contact for pricing

      Industrial Warehouse Near I-287

      6,600 SF warehouse with expansion potential, near major highways.
      166 Baekeland Avenue, Middlesex, NJ 08846
      View Details
    • $13 SF/Yr

      Industrial Space with Loading Docks

      Industrial suites available for lease with loading docks.
      544-600 Lincoln Blvd, Middlesex, NJ
      View Details
    • Contact for pricing

      Spacious Warehouse Near I-287

      6,600 SF warehouse with high ceilings and ample space.
      166 Baekeland Avenue, Middlesex, NJ 08846
      View Details
    • Contact for pricing

      Route 28 Professional Office Suite

      First-floor office suite on Route 28 with excellent parking.
      495 Union Ave, Middlesex, NJ 08846
      View Details
    • Contact for pricing

      Industrial Warehouse with Office Space

      20,000 SF industrial building with warehouse and office space.
      3 Smalley Ave, Middlesex, NJ
      View Details
    • Contact for pricing

      Industrial Building with Outdoor Storage

      Class A industrial building with paved, lit, and secured yard.
      201 Wilton Ave, Middlesex, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Office suite opportunity available for lease.
    Where is this office units located?
    The property is located at 400 South Ave Middlesex, NJ.
    What are key features of this property?
    This property features: ±1,016 SF Office Suite; Opportunity for Lease; Office Suite
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason M. Crimmins
    Jason M. Crimmins
    Real Estate License ID: NJ 9694872
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!