Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    310 Fayette St Perth Amboy, NJ 08861-4019

    • Commercial real estate
    • 2,258 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Oct 15, 2024
    $310,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1749444
    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.

    Current Use by Public Records

    • Alex Brakes & Suspension / Auto Repair Shop / Vehicle Inspection Center
    • Blu Lite LED / Department Store
    • South Side Dynamics / Auto Repair Shop
    • G T Auto Services / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 310 Fayette St

    Year built
    1920
    Construction
    CONCRETE BLOCKS
    Lot size
    0.06 lot acres
    Property size
    2,258 SF
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    16 00159-0000-00001- 01
    APU
    160015900000000101

    Description

    This exceptional investment opportunity presents a steel-structured garage spanning approximately 2300 square feet, situated on a high-traffic street in Perth Amboy, New Jersey. The property, located at 310 Fayette Street, features a brick exterior and shingle roof, and is comprised of three bays. One bay and a separate office space on the left side of the property are currently occupied by the owner. The right side, encompassing two bays, is leased to an auto repair business at a monthly rental rate of $2700, with approximately one year remaining on the current lease. The property includes one electric meter, one gas meter, and one water meter, along with a shared bathroom for both occupants. Built in 1920, this single-story structure sits on a 0.06-square-foot lot. The asking price is $715,000. Showings are strictly by appointment only. This property offers a compelling blend of existing rental income and potential for future development or expansion within a vibrant commercial area. The property's strategic location and established tenancy make it an attractive investment prospect. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2753
    Latitude
    40.5128
    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
    2023
    $8,867
    $126,300
    $168,200
    $294,500
    -
    $126,300
    $168,200
    $294,500

    Comparable in this City

    • Value Estimation by Request

      162 Washington St

      COMMERCIAL (GENERAL)
      162 Washington St, Perth Amboy, NJ 08861-3872
      View Details
    • Value Estimation by Request

      Smith Central Sta

      COMMERCIAL (GENERAL)
      Smith Central Sta, Perth Amboy, NJ 08861
      View Details
    • Value Estimation by Request

      253 Madison Ave

      COMMERCIAL (GENERAL)
      253 Madison Ave, Perth Amboy, NJ 08861-4313
      View Details
    • Value Estimation by Request

      346 Market St

      COMMERCIAL (GENERAL)
      346 Market St, Perth Amboy, NJ 08861-4537
      View Details
    • Value Estimation by Request
      0.28 Acres

      144 New Brunswick Ave

      COMMERCIAL (GENERAL) • 0.28 Acres
      144 New Brunswick Ave, Hopelawn, NJ 08861-4133
      View Details
    • Value Estimation by Request

      683 Pfeiffer Blvd

      COMMERCIAL (GENERAL)
      683 Pfeiffer Blvd, Perth Amboy, NJ 08861-2328
      View Details

    Similar Nearby for Sale

    • $235,000
      1,624 SF

      Prime Perth Amboy Commercial Land

      1,624 sq ft lot, $235,000
      92 Washington St, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      1,000 SF

      Prime Perth Amboy Storefront

      Established Grocery Store, 1000 SF
      349 Smith St, Perth Amboy, NJ 08861
      View Details
    • $6,500,000
      72,101 SF

      Industrial Building with Crane Systems

      72,101 SF industrial building featuring multiple cranes and rail access.
      940 State St, Perth Amboy, NJ 08861
      View Details
    • $1,800,000

      Commercial Land Available For Sale

      Commercial land for sale, ideal for development.
      475 State St, Perth Amboy, NJ 08861
      View Details
    • $499,000
      2,300 SF

      Land and Building Investment Opportunity

      Land and building leased to auto repair shop for sale.
      209 Barracks St, Perth Amboy, NJ 08861
      View Details
    • $515,000
      1,720 SF

      Two-Family Home Near Outer Bridge

      Two-family home near Outer Bridge with backyard and full basement.
      168 Lynd St, Perth Amboy, NJ 08861
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,470 SF

      Prime Commercial Land, Division St.

      Warehouse Land: Build Your Business!
      503 Division St, Perth Amboy, NJ 08861
      View Details
    • $20 SF/Yr
      1,744 SF

      Perth Amboy Office Space For Lease

      Prime Office, 1744 sq ft, High Visibility
      485 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing
      800,000 SF

      Industrial Buildings Near NJ Turnpike

      Two industrial buildings available for lease near major transportation routes.
      1160 State St, Perth Amboy, NJ 08861
      View Details
    • $2,399 /Mo

      Updated Second Floor Apartment

      Recently updated second-floor apartment available for rent.
      184 Meade St, Perth Amboy, NJ 08861
      View Details
    • $9 SF/Yr
      150,000 SF

      Perth Amboy Warehouse Space

      150,000 SF warehouse space near major highways.
      1 Buckingham Ave, Perth Amboy, NJ 08861
      View Details
    • $4,100 /Mo

      Commercial Land in Perth Amboy

      Commercial opportunity with office space, parking, shop, and storage.
      70 Fayette St, Perth Amboy, NJ 08861
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    310 Fayette St
    Perth Amboy, NJ 08861-4019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.