Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    774 Rte Woodbridge Township, NJ 08830

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    774 Rte Woodbridge Township, NJ 08830

    View on Map
    • Retail properties & Spaces
    • 7,887 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 774 Rte

    Property size
    7,887 SF
    Property type
    Retail properties & Spaces

    Description

    This 7,887 square foot retail strip center, located at 774 Route 1 in Iselin, New Jersey (zip code 08830), presents a prime leasing opportunity. The property is situated in Middlesex County and offers multiple tenancies. Currently, there is 2,466 square feet of vacant space available, ideal for a variety of retail businesses seeking high visibility and convenient access. The property's strategic location on Route 1 ensures significant foot traffic and excellent exposure to a large customer base. This makes it an attractive option for businesses looking to establish or expand their presence in a thriving commercial area. The building's total square footage is 7,887 square feet, providing ample space for multiple tenants or a single large occupant. The property is conveniently located in Woodbridge Township, offering easy access to major transportation routes and a diverse population. This retail space is for lease and presents a unique opportunity for businesses seeking a prominent location in a high-traffic area of New Jersey. Interested parties should inquire for further details and leasing terms. The property's latitude and longitude coordinates are 40.5634585 and -74.2983495 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodbridge Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2983
    Latitude
    40.5635

    Comparable in this City

    • Value Estimation by Request
      410,788 SF

      675 Rte

      Retail properties & Spaces • 410,788 SF
      675 Rte, Woodbridge Township, NJ 08830
      View Details
    • Value Estimation by Request
      6,400 SF

      780 Rte

      Restaurants • 6,400 SF
      780 Rte, Woodbridge Township, NJ 08830
      View Details
    • Value Estimation by Request
      4,309 SF

      770 Rte

      Lifestyle centers • 4,309 SF
      770 Rte, Woodbridge Township, NJ 08830
      View Details
    • Value Estimation by Request
      7,200 SF

      825 Us-1

      Neighborhood centers • 7,200 SF
      825 Us-1, Woodbridge Township, NJ 08830
      View Details
    • Value Estimation by Request
      11,110 SF

      3 Ronson Rd

      Retail properties & Spaces • 11,110 SF
      3 Ronson Rd, Woodbridge Township, NJ 08830
      View Details
    • Value Estimation by Request
      285,229 SF

      465 Grn St

      Lifestyle centers • 285,229 SF
      465 Grn St, Woodbridge Township, NJ 08830
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,400 SF

      Restaurant/Retail Property For Sale

      6,400 SF restaurant/retail property available for sale.
      780 Us Highway 1 N, Iselin, NJ 08830
      View Details
    • Contact for pricing
      3,052 SF

      Iselin Commercial Property For Sale

      Commercial property in Iselin, NJ, convenient location, high visibility.
      2 Austin Ave, Iselin, NJ 08830
      View Details
    • $199,000

      Established Retail Business Opportunity

      Profitable retail business with inventory included in a high-traffic location.
      1381 Oak Tree Rd, Iselin, NJ 08830
      View Details
    • Contact for pricing
      3,052 SF

      Commercial Space with Road Exposure

      Commercial space in convenient location with high visibility.
      2 Austin Ave, Iselin, NJ 08830
      View Details
    • $275,000

      Established Retail Business For Sale

      Profitable retail business with inventory included in a high-traffic location.
      1381 Oak Tree Rd, Iselin, NJ 08830
      View Details
    • Contact for pricing
      31,278 SF

      Newly Renovated Retail Center

      Visible from Garden State Parkway, newly renovated shopping center.
      1 Ronson Rd, Iselin, NJ 08830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space with Parkway Visibility

      Retail or office space with Garden State Parkway visibility.
      1477 Oak Tree Rd, Iselin, NJ 08830
      View Details
    • Contact for pricing

      Retail/Office Space Near Garden State

      Retail or office space with Garden State Parkway visibility.
      1477 Oak Tree Rd, Iselin, NJ 08830
      View Details
    • Contact for pricing
      5,362 SF

      Retail Space on Highway 1

      Retail space with high traffic and dense population.
      770 Us Highway 1 N, Iselin, NJ 08830
      View Details
    • Contact for pricing

      Open-Air Shopping Center on Route 1

      Large shopping center in Woodbridge, NJ, near major roadways.
      675 Rte 1, Iselin, NJ 08830
      View Details
    • Contact for pricing
      2,141 SF

      Nine-Story Office Building with Amenities

      255,000 square foot office building with parking and retail.
      111 S Wood Ave, Iselin, NJ 08830
      View Details
    • Contact for pricing

      Retail Space Available in Woodbridge

      Retail space available, offering 7,388 SqFt in Woodbridge, NJ.
      465 Green St, Woodbridge, NJ 08830
      View Details
    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.
    774 Rte
    Woodbridge Township, NJ 08830
    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!