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    239 Avenel St Avenel, NJ 07001
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    239 Avenel St Avenel, NJ 07001

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    • Medical Office Space
    • 9,000 SF
    • 0.57 lot acres
    For Sale
    $515,000
    View Listing →
    Commercial Space in Avenel, NJ For Sale
    $515,000
    0.57 Acres

    Commercial Space in Avenel, NJ

    Commercial space suitable for professional, medical, wellness, and aesthetic businesses.

    239 Avenel Street, Avenel, NJ 07001
    View Listing
    Property ID
    US59-0929076
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Woliansky & Doyle / Law Firm
    • Exel Express Inc / Trucking Company
    • Avenel Primary Care & Aesthetics / Spa & Massage Center / Alternative Medicine Practice
    • Sundeep Chahal Johal / Dental Office
    • Sanna Arshad, PA-C / Physician

    Property Details for 239 Avenel St

    Year built
    1955
    Lot size
    0.57 lot acres
    Property size
    9,000 SF
    Zone code
    B-1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    25 00856- 06-01057
    APU
    25008560601057

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $522,000
      Market price range: $510k - $2.69M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Avenel
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2803
    Latitude
    40.5778
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $30,839
    $83,400
    $186,600
    $270,000
    -
    $83,400
    $186,600
    $270,000

    Comparable in this City

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      1,188 SF

      432 Avenel St

      DENTAL BUILDING • 1,188 SF
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    • Value Estimation by Request
      70,000 SF

      1030 St Georges Ave

      Medical Office Space • 70,000 SF
      1030 St Georges Ave, Woodbridge Township, NJ 07001
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    • Value Estimation by Request
      2,456 SF

      225-227 Avenel St

      OFFICE BUILDING • 2,456 SF
      225-227 Avenel St, Avenel, NJ 07001-1432
      View Details
    • Value Estimation by Request

      Us Hwy 1st 1

      OFFICE BUILDING
      Us Hwy 1st 1, Avenel, NJ 07001
      View Details
    • Value Estimation by Request
      4.09 Acres

      1040 Us Hwy 1st, Unit 1050

      OFFICE BUILDING • 4.09 Acres
      1040 Us Hwy 1st, Avenel, NJ 07001-1531
      View Details
    • Value Estimation by Request
      1,531 SF

      283 Prospect Ave

      OFFICE BUILDING • 1,531 SF
      283 Prospect Ave, Avenel, NJ 07001-1156
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.57 Acres

      Commercial Space in Avenel, NJ

      Commercial space suitable for professional, medical, wellness, and aesthetic businesses.
      239 Avenel St, Avenel, NJ 07001
      View Details
    • Contact for pricing
      11,520 SF

      Avenel Beauty Wellness Center Suites

      Suites available in established beauty and wellness center.
      1392 Saint Georges Ave, Avenel, NJ 07001
      View Details
    • Contact for pricing
      2,000 SF

      Professionally Designed Commercial Suite

      Adaptable commercial suite with private offices and multiple entrances.
      239 Avenel St, Avenel, NJ 07001
      View Details
    • Contact for pricing
      2,000 SF

      Professionally Designed Commercial Suite

      Adaptable commercial suite with private offices, reception areas, and full bath.
      239 Avenel St #2, Avenel, NJ 07001
      View Details
    • $679,900
      1,621 SF

      Professional Office Near Major Highways

      Well-maintained office space with parking and garage near transportation.
      169 Demorest Ave, Avenel, NJ 07001
      View Details
    • $679,900
      1,621 SF

      Professional Office with Parking Garage

      Well-maintained office space with parking near major highways.
      169 Demorest Ave, Avenel, NJ 07001
      View Details

    Similar Nearby for Lease

    • $1.67 SF/Yr
      70,000 SF

      Medical Office Space Available

      Prime medical office space in a high-traffic, accessible location.
      1030 Saint Georges Ave, Avenel, NJ 07001
      View Details
    • $3,000 /Mo

      Commercial Space with Multiple Offices

      Versatile commercial space suitable for various professional uses.
      239 4Th St, Avenel, NJ 07001
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space featuring offices, loading docks, and ample parking.
      190 Homestead Ave, Avenel, NJ 07001
      View Details
    • $17 SF/Yr

      Retail/Office Strip Center Space

      Multi-tenanted retail/office space for lease. Easy access to major routes.
      1144-1162 St. Georges Ave, Avenel, NJ 07001
      View Details
    • Contact for pricing

      Retail Center with Sprouts Anchor

      Retail spaces available in a busy, anchored shopping center.
      1000 St Georges Ave, Avenel, NJ 07001
      View Details
    • $17 SF/Yr
      1,350 SF

      Avenel Office Space for Lease

      1,350 SF office unit available for lease.
      1144 Saint Georges Ave, Avenel, NJ 07001
      View Details
    View Listing
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    Avenel, 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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