Property profile

2331 Hwy 516 Old Bridge, NJ 08857

OFF-MARKET
Banks
Property ID
US59-0942280
7,803 SF 2.59 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Total area 7,803 SF
Lot 2.59 ac (113,038 SF)
Zoning code OG1
APN 15 15567-0000-00036- 11
UPID US59-0942280

Cap rate & NOI

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

Location

2331 Hwy 516 Old Bridge, NJ 08857-1893
Old Bridge metro Census 7806 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
$586k
Blend (final) Blend
$505k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
1969
Price N/A

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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