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

    79 Park Ave Old Bridge, NJ 08857

    • Commercial real estate
    • 7,701 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Mar 11, 2025
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2625862
    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

    • Commercial real estate

    Property Details for 79 Park Ave

    Lot size
    0.34 lot acres
    Property size
    7,701 SF
    Zone code
    R7
    Property type
    Commercial real estate
    APN
    15 26030-0000-00005- 11
    APU
    152603000000000511

    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
    Old Bridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3629
    Latitude
    40.4087
    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
    $4,063
    $70,000
    $5,000
    $75,000
    -
    $70,000
    $5,000
    $75,000

    Comparable in this City

    • Value Estimation by Request

      3384 Us Highway 9

      Office Properties & Spaces
      3384 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request
      3,600 SF

      2727 Rte

      Restaurants • 3,600 SF
      2727 Rte, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      Hwy 9th 9

      COMMERCIAL (GENERAL)
      Hwy 9th 9, Old Bridge, NJ 08857
      View Details
    • Value Estimation by Request

      Jake Brown Rd

      COMMERCIAL (GENERAL)
      Jake Brown Rd, Old Bridge, NJ 08857
      View Details
    • Value Estimation
      $700,000
      7,804 SF

      111 Hwy 516

      COMMERCIAL (GENERAL) • 7,804 SF
      111 Hwy 516, Old Bridge, NJ 08857-1421
      View Details
    • Value Estimation
      $780,000
      7,902 SF

      3651 Us Hwy 9th 9

      COMMERCIAL (GENERAL) • 7,902 SF
      3651 Us Hwy 9th 9, Old Bridge, NJ 08857-3522
      View Details

    Similar Nearby for Sale

    • $250,000

      Old Bridge Executive Office Space

      Modern Office, Prime Location, $250,000
      300 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • $650,000

      Old Bridge Executive Office Space

      Modern Office, Prime Location, 2,250 sq ft
      300 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • $10,000,000
      35,000 SF

      Old Bridge Industrial Property

      35,000 SF Warehouse, $10M
      3150 Bordentown Ave, Old Bridge, NJ 08857
      View Details
    • $10,000,000
      35,000 SF

      IOS Land and Parking

      3-acre property with work bays and lifts for sale.
      3150 Bordentown Ave, Old Bridge, NJ 08857
      View Details
    • $1,300,000
      1.20 Acres

      Old Bridge Development Opportunity

      Land zoned for multifamily development near hospital and major highways.
      815 Marlboro Rd, Old Bridge, NJ 08857
      View Details
    • $399,000

      Updated Ranch in Society Hill

      Immaculate, updated ranch in Old Bridge's desirable Society Hill community.
      171 Bristol Ct, Old Bridge, NJ 08857
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      1,000 SF

      Route 9 Office Space, Old Bridge, NJ

      Prime Old Bridge office: 1,000 sq ft, 5 parking spaces.
      3384 Us Highway 9, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      18,220 SF

      Prime Old Bridge Retail Space

      18,220 SF Retail/Medical Space Available
      1891 Englishtown Rd, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      355,246 SF

      Glenwood Green Shopping Center

      Old Bridge, NJ Retail Opportunity
      9 And Schulmeister Rd, Old Bridge, NJ 08857
      View Details
    • Contact for pricing
      3,600 SF

      Prime Old Bridge Retail Space

      3,600 SF Freestanding Retail Building
      2727 Rte 516, Old Bridge, NJ 08857
      View Details
    • $21 SF/Yr
      1,400 SF

      Old Bridge Office Condo For Lease

      1,400 sq ft Office, 100 Parking Spaces
      400 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • $14 SF/Yr
      864 SF

      Office Space in Old Bridge

      Office space available for lease in Old Bridge, NJ.
      109 White Oak Ln, Old Bridge, NJ 08857
      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.
    79 Park Ave
    Old Bridge, NJ 08857
    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.