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    314 Main Street Ext South Amboy, NJ 08879
    Property profile & analytics

    314 Main Street Ext South Amboy, NJ 08879

    View on Map
    • Small apartment buildings
    • 5 SF
    Off-Market
    Property ID
    US59-1360413
    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

    • Small apartment buildings

    Property Details for 314 Main Street Ext

    Year built
    1914
    Property size
    5 SF
    Property type
    Small apartment buildings

    Description

    This well-maintained, two-story apartment building at 314 Main Street, South Amboy, NJ 08879, presents a compelling investment opportunity. Built in 1914, this 5-unit property offers a blend of classic charm and modern convenience. Each unit features a single bedroom, eat-in kitchen, living room, and a full bathroom, providing comfortable living spaces for tenants. Separate utilities for each unit simplify management and enhance tenant satisfaction. Currently, one unit is vacant, offering immediate potential for increased rental income. Ample parking is available with two driveways accommodating a total of seven vehicles. Adding to the income potential are six detached garages, ideal for additional rental revenue. The property's prime location, minutes from the South Amboy train station and local shops, ensures high tenant demand and easy access to transportation and amenities. The asking price is $1,100,000. This property offers a solid foundation for a strong cash flow and significant return on investment. The building's square footage is 5,000 square feet. Don't miss this chance to acquire a well-situated multifamily property in a thriving New Jersey community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2868073
    Latitude
    40.483275

    Comparable in this City

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      Spacious Duplex Near Train Station

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    Similar Nearby for Sale

    • $1,999,999
      4,680 SF

      Mixed-Use Property with Tavern

      Mixed-use property featuring a tavern and three leased apartments.
      400 S Pine Ave, South Amboy, NJ 08879
      View Details
    • Contact for pricing
      2,450 SF

      Mixed-Use Building in South Amboy

      2,450 SF building with retail and apartment space for sale.
      513 S Pine Ave, South Amboy, NJ 08879
      View Details
    • $615,000
      0.06 Acres

      Two-Family Home Near Train Station

      Well-maintained two-family home near South Amboy train station.
      224 Gordon St, South Amboy, NJ 08879
      View Details
    • $899,000
      0.15 Acres

      Spacious Duplex Near Train Station

      Large duplex with refinished floors, updated kitchen, and garage.
      227-229 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $799,000
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      South Amboy Three-Family Corner Property

      Three-family property near transportation with parking and storage.
      442 Bordentown Ave, South Amboy, NJ 08879
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      South Amboy Duplex Opportunity

      Two-family duplex in excellent condition, fully rented, convenient location.
      165 2Nd St, South Amboy, NJ 08879
      View Details

    Similar Nearby for Lease

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    South Amboy, NJ 08879
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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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