Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9 And Schulmeister Rd Old Bridge, NJ 08857

    Property Lookup

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

    9 And Schulmeister Rd Old Bridge, NJ 08857

    View on Map
    • Lifestyle centers
    • 355,246 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 9 And Schulmeister Rd

    Property size
    355,246 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Glenwood Green, a prime retail shopping center located in Old Bridge, New Jersey, presents a compelling investment opportunity. Situated on a 0.5-acre lot at the highly visible intersection of Rt 9 and Schulmeister Rd, this center boasts a total of 355,246 square feet of retail space, currently divided into seven suites. The property offers exceptional flexibility for prospective tenants, with spaces ranging from a minimum of 1,800 square feet to a maximum contiguous space of 5,335 square feet. Currently, there are 20,372 square feet of vacant space available, providing significant potential for immediate occupancy and revenue generation. The center's strategic location in Middlesex County, with its strong demographics and high traffic volume, ensures excellent visibility and accessibility for businesses. This makes Glenwood Green an ideal location for a variety of retail uses, promising strong returns on investment. The property's prime location and substantial available space make it a rare find in the competitive Old Bridge market. This is a chance to secure a foothold in a thriving retail hub with significant upside potential. The zip code for this property is 08857.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Old Bridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3042
    Latitude
    40.4225

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      1352 Rte

      Lifestyle centers • 6,000 SF
      1352 Rte, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request
      30,000 SF

      3310-3366 Us-9

      Lifestyle centers • 30,000 SF
      3310-3366 Us-9, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      1145-1151 Englishtown Rd

      Retail properties & Spaces
      1145-1151 Englishtown Rd, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request
      3,000 SF

      60 County Rd

      Individual retail properties • 3,000 SF
      60 County Rd, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request
      12,500 SF

      2280 Rte

      Retail properties & Spaces • 12,500 SF
      2280 Rte, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request
      18,220 SF

      1891 Englishtown Rd

      Medical space • 18,220 SF
      1891 Englishtown Rd, Old Bridge, NJ 08857
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,100 SF

      Freestanding Retail Property For Sale

      10,100 SF freestanding retail property on 1.24 acres.
      475 Marlboro Rd, Old Bridge, NJ 08857
      View Details
    • $10,000,000
      35,000 SF

      IOS Land and Parking

      3-acre property with work bays and lifts for sale.
      3150 Bordentown Ave, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Established Boutique on Route 9

      High-volume clothing boutique on Route 9 in Old Bridge.
      3663-3689 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      1,480 SF

      Established Boutique on Route 9

      High-volume clothing boutique on Route 9 in Old Bridge.
      3663-3689 Us Hwy 9 Rte, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      1,266 SF

      Freestanding Retail Building on County Road

      Fully leased retail building with development opportunities and ample parking.
      1151 Englishtown Rd, Old Bridge, NJ 08857
      View Details
    • $725,000
      1,890 SF

      Daycare Investment Opportunity with Expansion

      Established daycare center with expansion potential in family-friendly location.
      110 Charles St, Old Bridge, NJ 08857
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space in Old Bridge

      Standalone building and shopping center space for rent in Old Bridge.
      1891 Englishtown Rd, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      7,500 SF

      Retail Pad Site Available

      12,500 SF pad site available for lease.
      2280 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Land and Retail Space Available

      Land and retail spaces for lease in Old Bridge.
      2727 Rte 516, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      2,475 SF

      Retail Space in Glenwood Green

      Retail space available in a community shopping destination.
      2095 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      4,080 SF

      Retail Space in Old Bridge

      Retail space available in shopping center on Route 9.
      1043 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Retail Destination in Old Bridge

      Shopping destination in Old Bridge, New Jersey.
      9 And Schulmeister Rd, Old Bridge, NJ 08857
      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.
    9 And Schulmeister Rd
    Old Bridge, NJ 08857
    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!