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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    511 New Brunswick Ave Perth Amboy, NJ 08861-3682

    • Office buildings
    • 3,894 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jul 18, 2022
    $860,000
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    7%
    Office buildings
    Location Intelligence
    Property ID
    US59-1365054
    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

    • El Tex Mex Burrito & Cafe / Tex-Mex Restaurant / Mexican Restaurant
    • Dr. Hossam Radwan / Pediatrician / Emergency Care Physician
    • Sheldon Turkish, M.D. / Women'S Health Clinic
    • First Care Chiropractic - Perth Amboy / Chiropractor
    • Sowjanya Kanuri / Doctor / Practitioner Service Location

    Property Details for 511 New Brunswick Ave

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    3,894 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    16 00179-0000-00019
    APU
    1600179000000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $905,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,060,000
      6.5%
      $980,000
      7%
      $910,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,381,000
      Market price range: $756k - $1.38M
      AI Estimate
      $820,000
      Market price range: $349k - $903k

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

    Location Insight

    • Map
    • Local Demand
    City
    Perth Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2811
    Latitude
    40.5183
    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
    $23,800
    $200,000
    $600,000
    $800,000
    -
    $200,000
    $600,000
    $800,000

    Comparable in this City

    • Value Estimation
      $2,060,000
      2,260 SF

      174 2nd St

      OFFICE BUILDING • 2,260 SF
      174 2nd St, Perth Amboy, NJ 08861
      View Details
    • Value Estimation
      $395,000
      1,740 SF

      462 Barclay St

      OFFICE BUILDING • 1,740 SF
      462 Barclay St, Perth Amboy, NJ 08861-3128
      View Details
    • Value Estimation
      $345,000
      1,403 SF

      477 Brace Ave

      OFFICE BUILDING • 1,403 SF
      477 Brace Ave, Perth Amboy, NJ 08861-3018
      View Details
    • Value Estimation
      $345,000
      1,280 SF

      708 Carson Ave

      OFFICE BUILDING • 1,280 SF
      708 Carson Ave, Perth Amboy, NJ 08861-2422
      View Details
    • Value Estimation
      $475,000
      2,033 SF

      800 Convery Blvd

      OFFICE BUILDING • 2,033 SF
      800 Convery Blvd, Perth Amboy, NJ 08861-2584
      View Details
    • Value Estimation
      $395,000
      1,536 SF

      320 Convery Blvd

      OFFICE BUILDING • 1,536 SF
      320 Convery Blvd, Perth Amboy, NJ 08861-3703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,496 SF

      Medical/Office Space with Parking

      Office space available October 1st with parking for clients.
      653 New Brunswick Ave, Perth Amboy, NJ 08861
      View Details
    • Contact for pricing

      Office Space for Sale

      Office property available for sale in Hopelawn, New Jersey.
      157 New Brunswick Ave, Hopelawn, NJ 08861
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    • Contact for pricing
      19,156 SF

      Perth Amboy Storefront For Sale

      Storefront unit suitable for retail or office use on main street.
      287 New Brunswick Ave, Perth Amboy, NJ 08861
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    • Contact for pricing
      4,000 SF

      Perth Amboy Commercial Opportunity

      Commercial space suitable for retail, office, warehouse, or restaurant.
      166 S Smith 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
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    Similar Nearby for Lease

    • $4 SF/Yr
      2,964 SF

      Prime Commercial Space, Brace Ave.

      Fully renovated office, all utilities included.
      663 Brace Ave, 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
    • $2 SF/Yr
      12,312 SF

      Fayette Street Commercial Land Opportunity

      Prime Retail Land, Single Tenant, 12,312 SF
      587 Fayette 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
    • Contact for pricing
      1,500 SF

      Retail Space For Rent

      Retail space available for rent.
      101 New Brunswick Ave, Hopelawn, 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
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    Perth Amboy, NJ 08861-3682
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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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