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Property profile

801 Roosevelt Ave Carteret, NJ 07008

FOR LEASE
Commercial real estate
Property ID
US59-0980124
92,400 SF 13.05 ac lot Built 1972
Last sale Feb 2007
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail property, located at 801 Roosevelt Avenue in Carteret, New Jersey, presents a unique investment opportunity. The single-story, 14,002 square foot building, constructed in 1954, sits on a sizable lot in Middlesex County (zip code 07008). Currently, 7,536 square feet of space is available for lease. The existing tenant, Pep Boys, occupies the remaining space under a long-term ground lease and will continue its tire and auto repair operations. The previously used parts…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$596k
Tax billed · 2023
Assessed value · 2024$18.00M
Assessed land$7.47M
Assessed improvement$10.53M
Effective rate3.31%

Value estimate

· Oct 2026
$14.72M
$13.24M – $16.19M
CAP approach$12.30M
Submarket $/SF estimate$15.93M
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$3k
Operating expenses−$14k
NOI · 139,630.43% cap applied$32k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$224/SF
County average, outlier-cleaned · 642 recorded sales of this use type
Observed band · Q1–Q3$144 – $339
Qualifying comparables17

Cap rate analysis

How does the asset earn?
139,630.43%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMIDDLESEX

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency43.7
Law Firm29.4
Spa & Massage25.0

Location

801 Roosevelt Ave Carteret, NJ 07008
County assessor Recorded deeds · 3 transfers 17 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
52 Wheeler, Carteret, NJ 07008-2825 $267,000 Mar 2025 7,295 SF
237 Roosevelt, Carteret, NJ 07008-3533 $1,215,000 May 2023 6,792 SF
1375 Roosevelt, Carteret, NJ 07008-1335 $1,000,000 Apr 2023 4,400 SF
51 Locust, Carteret, NJ 07008-2600 $455,000 Nov 2021 5,830 SF
528 Roosevelt, Carteret, NJ 07008-3017 $355,000 Aug 2020 3,552 SF
44 Liberty, Carteret, NJ 07008-2865 $890,000 Feb 2020 4,104 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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