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    241 Old Bridge Tpke East Brunswick, NJ 08816
    Property profile & analytics

    241 Old Bridge Tpke East Brunswick, NJ 08816

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    • Office buildings
    • 2,840 SF
    • 0.26 lot acres
    For Sale
    $635,000
    View Listing →
    East Brunswick Commercial Space Available For Sale
    $635,000
    3,000 SF

    East Brunswick Commercial Space Available

    Retail or office space with signage and parking on Turnpike.

    241 Old Bridge Turnpike, East Brunswick, NJ 08816
    View Listing
    Property ID
    US59-0792172
    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

    • N J Fire Shield / Fire Station
    • 45 Monks Tattoo / Tattoo & Piercing Shop
    • Olde Monk Ink / Tattoo & Piercing Shop

    Property Details for 241 Old Bridge Tpke

    Year built
    1980
    Lot size
    0.26 lot acres
    Property size
    2,840 SF
    Zone code
    R4
    Property type
    Office buildings
    APN
    04 00093-0000-00016- 01
    APU
    40009300000001601

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $715,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $616,000
      Market price range: $540k - $1.10M
      AI Estimate
      $583,000
      Market price range: $535k - $983k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $785,000
      Current use
      COMMERCIAL (GENERAL)
      $790,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    East Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3912
    Latitude
    40.4414
    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
    $12,554
    $26,300
    $81,600
    $107,900
    -
    $26,300
    $81,600
    $107,900

    Comparable in this City

    • Value Estimation by Request
      3.46 Acres

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      579 Cranbury Rd, East Brunswick, NJ 08816-5405
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    • Value Estimation by Request
      6.80 Acres

      557 Cranbury Rd

      OFFICE BUILDING • 6.80 Acres
      557 Cranbury Rd, East Brunswick, NJ 08816-5419
      View Details
    • Value Estimation
      $795,000
      3,200 SF

      63 Milltown Rd

      OFFICE BUILDING • 3,200 SF
      63 Milltown Rd, East Brunswick, NJ 08816-2378
      View Details
    • Value Estimation by Request
      1,200 SF

      530 State Rte 18

      OFFICE BUILDING • 1,200 SF
      530 State Rte 18, East Brunswick, NJ 08816-3089
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      1,916 SF

      704 State Rte 18

      OFFICE BUILDING • 1,916 SF
      704 State Rte 18, East Brunswick, NJ 08816-3723
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    • Value Estimation by Request
      1,464 SF

      5 Brier Hl Ct

      OFFICE BUILDING • 1,464 SF
      5 Brier Hl Ct, East Brunswick, NJ 08816
      View Details

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      Pending

      East Brunswick Professional Office Building

      Multi-level office building on Route 18 in East Brunswick.
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      View Details
    • $1,600,000
      2,826 SF

      East Brunswick Medical/Professional Office Building

      Freestanding medical/professional office building with residence for sale.
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      26,000 SF

      East Brunswick Professional Office Building

      Well-located office building with high visibility and convenient access.
      646 Rte 18 Hwy, East Brunswick, NJ 08816
      View Details
    • $599,000
      1,548 SF

      East Brunswick Office Building For Sale

      Stand-alone office building in high-traffic East Brunswick location.
      731 State Route 18, East Brunswick, NJ 08816
      View Details
    • Contact for pricing
      15,000 SF

      East Brunswick Office Redevelopment Opportunity

      3.1-acre property with existing 20,000 SF office building.
      710B Old Bridge Tpke, East Brunswick, NJ 08816
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      East Brunswick Office Building Available

      Well-maintained office building with upgraded common areas and various suite sizes.
      1200 Tices Ln, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      Renovated East Brunswick Professional Building

      Newly renovated 17,000 sq ft building in East Brunswick.
      180 Tices Ln, East Brunswick, NJ 08816
      View Details
    • Contact for pricing
      1,854 SF

      East Brunswick Office Space Available

      2330 square feet of office space for rent.
      754 State Route 18, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      East Brunswick Office Sublease Opportunity

      Sublease opportunity with flexible terms in East Brunswick, New Jersey.
      1200 Tices Ln, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      Prime Cranbury Office Condo

      Move-in ready ground floor office
      2 Brier Hill Ct, East Brunswick, NJ 08816
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      591 Cranbury Rd, East Brunswick, NJ 08816
      View Details
    View Listing
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    East Brunswick, NJ 08816
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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.

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