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    273 New Brunswick Ave Perth Amboy, NJ 08861-4024
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    Property profile & analytics

    273 New Brunswick Ave Perth Amboy, NJ 08861-4024

    View on Map
    • Individual retail properties
    • 5,664 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Oct 20, 2023
    Property ID
    US59-0188139
    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
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mid State Services / Excavating Contractor / Property Maintenance

    Property Details for 273 New Brunswick Ave

    Year built
    1905
    Construction
    BRICK
    Lot size
    0.12 lot acres
    Property size
    5,664 SF
    Zone code
    C-1
    Property type
    Individual retail properties
    APN
    16 00157-0000-00017
    APU
    1600157000000017

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,345,000
      6.5%
      $1,245,000
      7%
      $1,155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,153,000
      Market price range: $410k - $1.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $905,000
      Current use
      MEDICAL BUILDING
      $1,095,000
      Change: +21% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,025,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $905,000
      Change: -0% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $760,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2731
    Latitude
    40.5133
    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
    $19,980
    $154,000
    $517,600
    $671,600
    -
    $154,000
    $517,600
    $671,600

    Comparable in this City

    • Value Estimation
      $1,005,000
      4,473 SF

      585 Fayette St

      LIQUOR STORE • 4,473 SF
      585 Fayette St, Perth Amboy, NJ 08861-3736
      View Details
    • Value Estimation
      $1,230,000
      5,544 SF

      439 Convery Blvd

      LIQUOR STORE • 5,544 SF
      439 Convery Blvd, Perth Amboy, NJ 08861-3683
      View Details
    • Value Estimation by Request
      1,334 SF

      45 Pond Rd

      LIQUOR STORE • 1,334 SF
      45 Pond Rd, Perth Amboy, NJ 08861-1540
      View Details
    • Value Estimation by Request
      17,032 SF

      210 Smith St

      Individual retail properties • 17,032 SF
      210 Smith St, Perth Amboy, NJ 08861
      View Details
    • Value Estimation by Request
      2,350 SF

      555 Convery Blvd

      FINANCIAL BUILDING • 2,350 SF
      555 Convery Blvd, Perth Amboy, NJ 08861-3000
      View Details
    • Value Estimation by Request
      3,072 SF

      145 Fayette St

      FINANCIAL BUILDING • 3,072 SF
      145 Fayette St, Perth Amboy, NJ 08861-4115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,072 SF

      Mixed-Use Building in Opportunity Zone

      Five-unit mixed-use building in downtown Perth Amboy, offering stable income.
      303 Maple St, Perth Amboy, NJ 08861
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    • Contact for pricing
      57,685 SF

      Multi-Story Retail and Manufacturing Space

      Retail and light manufacturing space, 22 miles from Port Newark/Elizabeth.
      224 Smith St, Perth Amboy, NJ 08861
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    • $1,150,000
      9,999 SF

      Mixed-Use Corner Lot Opportunity

      Mixed-use property with commercial and residential income potential.
      630 Florida Grove Rd, Perth Amboy, NJ 08861
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    • $300,000
      2,800 SF

      Established Mini-Market For Sale

      Long-time established mini-market for sale with equipment and inventory.
      432 State St, Perth Amboy, NJ 08861
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    • Contact for pricing
      6,060 SF

      Retail Space in Perth Amboy

      Retail space available for sale in Perth Amboy, NJ.
      100 W Pond Rd, Perth Amboy, NJ 08861
      View Details
    • $1,350,000
      2,627 SF

      Mixed-Use Building in Prime Location

      Mixed-use property with grocery store and residential units for sale.
      292 Smith St, Perth Amboy, NJ 08861
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    Similar Nearby for Lease

    • Contact for pricing
      2,445 SF

      Retail Space For Rent

      Retail space available for rent.
      101 New Brunswick Ave, Hopelawn, NJ 08861
      View Details
    • Contact for pricing
      2,960 SF

      Retail Space in Neighborhood Center

      2,813 SF retail space available in Perth Amboy, NJ.
      365 Convery Blvd, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing

      587 FAYETTE Street, Perth Amboy, NJ 08861

      Retail space
      587 Fayette St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing

      High-Visibility Commercial Space Available

      Prime location in Perth Amboy, ideal for retail or office.
      653 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • $2,400 /Mo

      Versatile Commercial Space in Perth Amboy

      Flexible commercial space suitable for office or retail use.
      389 Smith St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      10,700 SF

      Industrial Space with Multiple Doors

      10,700 SF industrial space featuring 11 drive-in and dock doors.
      440 Florida Grove Rd, Perth Amboy, NJ 08861
      View Details
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    Perth Amboy, NJ 08861-4024
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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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