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    1000 St Georges Ave Woodbridge Township, NJ 07001

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    1000 St Georges Ave Woodbridge Township, NJ 07001

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    • Retail properties & Spaces
    • 61,092 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1000 St Georges Ave

    Year built
    2025
    Property size
    61,092 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Cloverleaf Center, a brand-new Class A retail center in Woodbridge, NJ's Avenel submarket, offers exceptional opportunities for businesses seeking high-visibility locations. This 61,092 square foot center, slated for completion in Q2 2025, is anchored by Sprouts Farmers Market and boasts immediate availability of 15,381 contiguous square feet, with spaces divisible down to 1,400 square feet. Located at the signalized intersection of Route 1 & 9 South and Route 35, the center benefits from a staggering 95,000 vehicles per day passing by. The property features 298 on-site parking spaces, digital pylon signage, upgraded finishes, attractive paver walkways, and convenient EV charging stations. Its strategic location provides easy access to major roadways including Route 287, the NJ Turnpike, Garden State Parkway, Route 27, and Route 18, ensuring strong accessibility for customers and employees. The surrounding area demonstrates robust daytime population and high income levels, promising a thriving business environment. This is a rare opportunity to establish a presence in a premier, newly constructed retail center with exceptional visibility and accessibility.

    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
    State
    New Jersey
    Longitude
    -74.2925
    Latitude
    40.5727

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      Undisclosed

      Restaurants • 5,000 SF
      0 Undisclosed, Woodbridge Township, NJ 07001
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    • Value Estimation
      $3,225,000
      2,696 SF

      1330 Saint Georges Ave

      FINANCIAL BUILDING • 2,696 SF
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      2,730 SF

      1190 Saint Georges Ave

      FINANCIAL BUILDING • 2,730 SF
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    • Value Estimation by Request
      3,470 SF

      481 Blair Rd

      FINANCIAL BUILDING • 3,470 SF
      481 Blair Rd, Avenel, NJ 07001-2218
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    • Value Estimation
      $595,000
      9,536 SF

      1410 Saint Georges Ave

      FINANCIAL BUILDING • 9,536 SF
      1410 Saint Georges Ave, Avenel, NJ 07001-1158
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    • Value Estimation by Request

      1342 Saint Georges Ave

      FINANCIAL BUILDING
      1342 Saint Georges Ave, Avenel, NJ 07001-1134
      View Details

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    1000 St Georges Ave
    Woodbridge Township, NJ 07001
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    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
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