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Property profile

2309 Hwy 516 Old Bridge, NJ 08857

OFF-MARKET
Commercial real estate
Property ID
US59-1992338
View Sample
1,312 SF 0.6 ac lot Built 1956
Entity Owned 17-yr Hold Free & Clear

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1956
Construction FRAME
Total area 1,312 SF
Lot 0.6 ac (26,136 SF)
Zoning code OG1
APN 15 15567-0000-00042
UPID US59-1992338

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2009
3 recorded transactions
2009
Price N/A
2007
$420,000
2004
$275,000

Zoning & alternative use

OG1 · Old Bridge, NJ
Zoning description

The purpose of this zone is to provide development opportunities for establishments primarily engaged in rendering a wide variety of services to individuals and business establishments to serve residents of the entire To…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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