Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    513 S Pine Ave South Amboy, NJ 08879

    Property Lookup

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

    513 S Pine Ave South Amboy, NJ 08879

    View on Map
    • Retail space
    • 2,450 SF
    • 0.14 lot acres
    For Sale
    $650,000
    View Listing →
    Mixed-Use Building in South Amboy For Sale
    $650,000
    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
    View Listing
    Property ID
    US59-2003119
    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

    • Retail space

    Property Details for 513 S Pine Ave

    Lot size
    0.14 lot acres
    Property size
    2,450 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional mixed-use property at 513 South Pine Avenue, Sayreville, New Jersey, presents a compelling investment opportunity. The 2,450 square foot building sits on a 0.14-acre lot (50' x 125'), zoned R-7, offering significant potential. The ground floor currently features a 450 square foot operating barber shop and a vacant 1,000 square foot space, previously a deli, ready for immediate lease or owner-occupancy. Upstairs, a 1,000 square foot apartment provides additional income potential. The property's location in Middlesex County, with its address in Sayreville, NJ, 08879, offers convenient access to major transportation routes and a thriving local community. The asking price is $650,000. This versatile property is ideal for an investor seeking a blend of retail and residential income streams, or an owner-operator looking to establish a presence in a dynamic market. The existing barber shop provides immediate cash flow, while the vacant retail space and apartment offer significant upside potential for future growth and rental income. The R-7 zoning allows for a variety of uses, providing flexibility for future development or expansion. Don't miss this chance to acquire a well-located, income-producing asset in a desirable New Jersey market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Amboy
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2765686
    Latitude
    40.4681361

    Comparable in this City

    • 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
    • $395,000
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $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
    • $395,000
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $600,000
      2,484 SF

      Mixed-Use Building Near Transportation

      Mixed-use property with store and house, near transportation.
      128 Broadway S, South Amboy, NJ 08879
      View Details
    • Contact for pricing
      1,500 SF

      Freestanding Building on Main Street

      Freestanding commercial building with high visibility on Main Street.
      405 Main Street Ext, South Amboy, NJ 08879
      View Details

    Similar Nearby for Sale

    • 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
    • $395,000
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $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
    • $395,000
      760 SF

      South Amboy Storefront Opportunity

      Versatile 760 SF storefront ideal for various business uses.
      330 Bordentown Ave, South Amboy, NJ 08879
      View Details
    • $600,000
      2,484 SF

      Mixed-Use Building Near Transportation

      Mixed-use property with store and house, near transportation.
      128 Broadway S, South Amboy, NJ 08879
      View Details
    • Contact for pricing
      1,500 SF

      Freestanding Building on Main Street

      Freestanding commercial building with high visibility on Main Street.
      405 Main Street Ext, South Amboy, NJ 08879
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,900 SF

      Retail Space on State Route

      9,900 SF retail space available for rent.
      1803 State Route 35, South Amboy, NJ 08879
      View Details
    • $5,000 /Mo
      2,614 SF

      Retail Space Near Rail Station

      Commercial retail space, formerly a restaurant, near commuter rail.
      131 N Broadway St, South Amboy, NJ 08879
      View Details
    • Contact for pricing

      Prime Commercial Space Available Now

      Versatile spaces suitable for retail, office, restaurant, or school.
      131 N Broadway, South Amboy, NJ 08879
      View Details
    • $1,200 /Mo

      Move-in Ready Office Suite

      Immaculate office suite with modern finishes and ample parking.
      399 Oak St, South Amboy, NJ 08879
      View Details
    • Contact for pricing
      152,100 SF

      South Amboy Industrial Space

      152,100 SF industrial space available for lease.
      111 Main St, South Amboy, NJ 08879
      View Details
    • Contact for pricing
      152,100 SF

      South Amboy Industrial Space Available

      152,100 SF industrial space for lease in South Amboy.
      111 Main St, South Amboy, NJ 08879
      View Details
    View Listing
    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.
    513 S Pine Ave
    South Amboy, NJ 08879
    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.
    Sign Up Successful!
    You now have access to more from Realmo!