Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2477 516 Hwy Old Bridge, NJ 08857

    Property Lookup

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

    2477 516 Hwy Old Bridge, NJ 08857

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2477 516 Hwy

    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1,035 square foot medical/professional office space is ideally located at 2477 Route 516, Old Bridge, NJ 08857. Situated on a 1.55-acre lot, this single-tenant property offers a convenient location with easy access to major roadways including Routes 18, 9, and 35. The building itself is a single-story Class A structure featuring an elevator and substantial basement storage. The suite includes three exam rooms, a reception/waiting area, a private restroom, and a dedicated break room, making it perfectly suited for medical or professional practices. With 30 total parking spaces available, ample parking is ensured for both staff and clients. The property is zoned OG1 and has an APN of 151556700000003517. This is a rare opportunity to secure a well-appointed office space in a highly desirable location. The property's convenient access to major transportation routes and its comprehensive amenities make it an attractive option for businesses seeking a productive and comfortable work environment. Don't miss this chance to establish your practice in this exceptional space.

    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
    -74.3353
    Latitude
    40.388

    Comparable in this City

    • Value Estimation by Request

      300 Perrine Rd

      Office properties & Spaces
      300 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      28 Throckmorton Ln

      Office properties & Spaces
      28 Throckmorton Ln, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      3384 Us Highway 9

      Office properties & Spaces
      3384 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request
      3,600 SF

      2727 Rte

      Restaurants • 3,600 SF
      2727 Rte, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      300 Perrine Rd

      Office properties & Spaces
      300 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      1314-1314 Englishtown Rd

      Retail properties & Spaces
      1314-1314 Englishtown Rd, Old Bridge, NJ 08857
      View Details

    Similar Nearby for Sale

    • New
      $99,900
      3.43 Acres

      Old Bridge Land Opportunity

      3.4 acres of land in Old Bridge, New Jersey.
      0-0 Un Hl Rd, Old Bridge, NJ 08857
      View Details
    • $2,600,000
      34,400 SF

      Two-Story Office/Industrial Building For Sale

      Two-story, 34,400 SF office/light industrial building, ideal for user/investor.
      8998 Rte 18, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Medical/Professional Office Condo Units

      Medical/professional office condo units in Old Bridge Professional Plaza.
      200 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      6,640 SF

      Office Space in Old Bridge

      2000 square feet of office space for rent.
      1314 Englishtown Rd, Old Bridge, NJ 08857
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,400 SF

      Old Bridge Office Condo For Lease

      1,400 sq ft Office, 100 Parking Spaces
      400 Perrine Rd, 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
      1,483 SF

      Mixed-Use Development Retail Opportunity

      Retail space available in a new mixed-use development.
      199 Texas Rd, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      1,500 SF

      Renovated Office Space For Lease

      Renovated 1,500 sq ft office space in Old Bridge, NJ.
      2515 Highway 516, Old Bridge, NJ 08857
      View Details
    • New
      $2,550 /Mo
      871 SF

      Renovated Medical/Professional Office Condo

      Renovated office condo for lease, ideal for medical/professional use.
      28 Throckmorton Ln, Old Bridge, NJ 08857
      View Details
    • Contact for pricing

      Old Bridge Professional Plaza Office

      Customizable 1,500 SF office space in Old Bridge.
      400 Perrine 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.
    2477 516 Hwy
    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

    Thank You for Inquiry

    2477 516 Hwy, Old Bridge, NJ, 08857

    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!