984 US-9, Sayreville, NJ 08859
Multi-tenanted office building with value-add potential in Sayreville, NJ.
- Added:
- Sep 26, 2024
- Days on Market:
- 650
- Last Refresh:
- Jul 4 at 3:58 pm
Property Features for 984 US-9
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing office Kroll Commercial Realty LLC (732) 735-1313
Listing date Sep 26, 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 Kroll Commercial Realty LLC
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).
- 43 parking spaces are available.
- Opportunity to increase current rentals.
- All short term leases.
Overview
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 | $300.0k | $30.00 |
| − Vacancy | −$96.0k | −$9.60 |
| EGI | $204.0k | $20.40 |
| − OpEx | −$51.0k | −$5.10 |
| NOI | $153.0k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sayreville
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.306
- Latitude
- 40.4576
