Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1475 Highway Ter Edison, NJ 08837

    Property Lookup

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

    1475 Highway Ter Edison, NJ 08837

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

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1475 Highway Ter

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located at 1475 U.S. Highway 1 in Edison, New Jersey (zip code 08837), presents a unique investment opportunity. Currently housing a diner, this two-story building sits on a 0.69-acre lot and offers immense potential for redevelopment or continued operation as a restaurant. The property boasts a highly visible location on a major thoroughfare, Route 1 South, experiencing approximately 93,000 vehicles daily, ensuring high traffic and exposure. Its convenient access from both Route 1 and Lafayette Road provides easy ingress and egress. The sale includes the land, building, and existing fixtures, allowing for immediate occupancy and operation. Abundant parking is available on-site. The property's versatility allows for various uses, including the possibility of a duplex franchise location, given the presence of other franchises in the area. The asking price is $3,200,000. This is an ideal opportunity for restauranteurs, investors, or franchisees seeking a prime location with significant development potential in a high-traffic area. The property's existing structure can be easily adapted to suit a variety of restaurant concepts or completely redeveloped to meet specific needs. Don't miss this chance to acquire a valuable commercial asset in a thriving New Jersey market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edison
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3357
    Latitude
    40.5426

    Comparable in this City

    • Value Estimation by Request

      1475 United States Rte 1 Hwy

      Restaurants
      1475 United States Rte 1 Hwy, Edison, NJ 08837
      View Details
    • Value Estimation by Request
      9,906 SF

      1217 Us-1

      Individual retail properties • 9,906 SF
      1217 Us-1, Edison, NJ 08837
      View Details
    • Value Estimation
      $525,000
      10.29 Acres

      130 Fieldcrest Ave

      INDUSTRIAL (GENERAL) • 10.29 Acres
      130 Fieldcrest Ave, Edison, NJ 08837-3620
      View Details
    • Value Estimation by Request
      11.25 Acres

      88 Jackson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 11.25 Acres
      88 Jackson Ave, Edison, NJ 08837-3156
      View Details
    • Value Estimation by Request
      5.32 Acres

      70 Newfield Ave

      INDUSTRIAL (GENERAL) • 5.32 Acres
      70 Newfield Ave, Edison, NJ 08837-3809
      View Details
    • Value Estimation by Request
      7.42 Acres

      450 Raritan Ctr Pkwy

      COMMERCIAL (GENERAL) • 7.42 Acres
      450 Raritan Ctr Pkwy, Edison, NJ 08837-3944
      View Details

    Similar Nearby for Sale

    • $899,000
      2,200 SF

      Retail Building with Parking Lot

      Two-unit retail building with parking in Clara Barton section.
      931 Amboy Ave, Edison, NJ 08837
      View Details
    • Contact for pricing
      3,500 SF

      Turnkey Restaurant Near Raritan Center

      Turnkey restaurant with seating for 150 near major business park.
      3126 Woodbridge Ave, Edison, NJ 08837
      View Details
    • Contact for pricing
      24,000 SF

      Edison Office Space For Sale

      Office spaces available, suitable for medical, law, or general use.
      25 S Main St, Edison, NJ 08837
      View Details
    • $799,900

      Renovated Two-Family Home

      Fully renovated two-family home with two-bedroom apartments in prime location.
      23 Carlton St South, Edison, NJ 08837
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Corner Retail Space Available

      Retail space at the base of an apartment building.
      1090 Amboy Ave, Edison, NJ 08837
      View Details
    • Contact for pricing
      15,000 SF

      Prime Retail Space on Route 1

      Anchor and pad sites available in Middlesex County, high-traffic location.
      1029 Us Highway 1, Edison, NJ 08837
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,512 square feet.
      999 Amboy Ave, Edison, NJ 08837
      View Details
    • Contact for pricing
      59,582 SF

      Middlesex County Retail Opportunity

      Regionally positioned retail space in Middlesex County available for lease.
      1049-1055 Us Highway 1, Edison, NJ 08837
      View Details
    • Contact for pricing

      Warehouse Distribution Building For Rent

      Warehouse distribution building with outside storage available for lease.
      125 Jackson Ave, Edison, NJ 08837
      View Details
    • $39 SF/Yr
      21,112 SF

      Edison Office Space Sublease

      Class A office space available for sublease in Edison, NJ.
      333 Thornall St, Edison, NJ 08837
      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.
    1475 Highway Ter
    Edison, NJ 08837
    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!