Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    233 Us-22 Green Brook Township, NJ 08812
    Back to Search
    Property profile & analytics

    233 Us-22, Green Brook Township, NJ 08812

    View on Map
    • Retail properties & Spaces
    • 0.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 233 Us-22

    Lot size
    0.72 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 0.72-acre retail property, located at 233 US-22 in Green Brook Township, New Jersey (zip code 08812), presents a prime redevelopment opportunity. Situated on Route 22, it boasts excellent visibility and accessibility for potential tenants. The property is currently configured as a single-tenant retail space, ideal for a convenience store, restaurant, fast-food establishment, or coffee shop with a drive-thru. The ground lease structure offers flexibility for investors and developers. Somerset County's strong demographics and robust economy make this location particularly attractive. The property's size and location make it suitable for a variety of uses, particularly those benefiting from high traffic counts and convenient access. The annual property taxes are substantial, reflecting the prime location and potential for high returns. This is a rare opportunity to acquire a highly visible retail site in a thriving New Jersey market. Serious inquiries are encouraged. Further details regarding lease terms and conditions are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Green Brook Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4873
    Latitude
    40.5973

    Comparable in this City

    • Value Estimation by Request

      235 Rte

      Restaurants
      235 Rte, Green Brook Township, NJ 08812
      View Details
    • Value Estimation by Request
      7,500 SF

      251 Us-22

      Individual retail properties
      251 Us-22, Dunellen, NJ 08812
      View Details
    • Value Estimation
      $2,390,000
      2,374 SF

      112-116-12 Lincoln Ave116-120

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      112-116-12 Lincoln Ave116-120, Dunellen, NJ 08812-1214
      View Details
    • Value Estimation by Request
      29,764 SF

      15-19 Us-22

      Retail properties & Spaces
      15-19 Us-22, Green Brook Township, NJ 08812
      View Details
    • Value Estimation by Request
      50,000 SF

      326 Us-22

      Retail properties & Spaces
      326 Us-22, Green Brook Township, NJ 08812
      View Details
    • Value Estimation by Request
      1.03 Acres

      103 Mtn Pkwy, Unit 105

      NURSERY, GREENHOUSE, FLORIST
      103 Mtn Pkwy, Green Brook, NJ 08812-2210
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Retail Space on Route 22

      Retail space in a 7-unit strip mall.
      32 Route 22, Dunellen, NJ 08812
      View Details
    • $110,000
      2,089 SF

      Established NJ Manufacturing Business

      Profitable Turnkey Operation in Green Brook
      326 Us-22, Green Brook Township, NJ 08812
      View Details
    • $699,900
      Pending

      Commuter-Friendly Multi-Family Investment Opportunity

      Three-unit property near transit, shopping, and major highways.
      107 Madison Ave, Dunellen, NJ 08812
      View Details
    • $679,999

      Dunellen Two-Family Home Investment

      Well-maintained two-family home in Dunellen, ideal for investment.
      335 Prospect Ave, Dunellen, NJ 08812
      View Details
    • $575,000
      Pending

      Dunellen Multi-Family Two-Story Property

      Multi-family property in Dunellen Boro, NJ for sale.
      820 2Nd St, Dunellen, NJ 08812
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,750 SF

      Dunellen Retail Property For Sale

      Retail property with long-term Starbucks lease in high-income area.
      287 Route 22 E, Dunellen, NJ 08812
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Dunellen, New Jersey.
      100 S Washington Ave, Dunellen, NJ 08812
      View Details
    • Contact for pricing

      Commercial Land For Lease

      0.72 acres available for ground lease, Route 22 visibility.
      233 Us Highway 22, Dunellen, NJ 08812
      View Details
    • $2,800 /Mo

      Retail Space on Route 22

      1,000 SF retail space in Green Brook, New Jersey.
      32 Route 22, Dunellen, NJ 08812
      View Details
    • Contact for pricing
      7,600 SF

      Route 22 Retail/Medical Opportunity

      High-visibility retail/medical building for lease on Route 22.
      251 Us Highway 22, Green Brook, NJ 08812
      View Details
    • Contact for pricing
      22,000 SF

      Prime Retail Space on Route 22

      Retail space available for rent in Green Brook, New Jersey.
      152 Route 22, Dunellen, NJ 08812
      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.
    233 Us-22
    Green Brook Township, NJ 08812
    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

    Thank You for Inquiry
    233 Us-22, Green Brook Township, NJ, 08812
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!