835 Roosevelt Ave Carteret, NJ 07008
Property profile & analytics
835 Roosevelt Ave Carteret, NJ 07008
- Commercial real estate
- 42,834 SF
- 0.81 lot acres
Property ID
US59-2735079
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 835 Roosevelt Ave
- Year built
- 1975
- Lot size
- 0.81 lot acres
- Property size
- 42,834 SF
- Property type
- Commercial real estate
- APN
- 01 02902-0000-00003
- APU
- 102902000000003
Description
This exceptional 4,624-square-foot retail space, located at 835 Roosevelt Avenue in Carteret, New Jersey, presents a unique investment opportunity. Previously occupied by an AAMCO, the property is fully fitted out for an auto service facility, featuring five service bays, ready for immediate occupancy. Situated at a high-traffic entrance to Carteret, easily accessible from the Turnpike Exit 12 and benefiting from two traffic signals, this location offers unparalleled visibility and accessibility. The property is part of the Plaza 12 Shopping Center, boasting a strong tenant mix including AutoZone, McDonald's, T-Mobile, Walgreens, ShopRite, Dollar Tree, and Pep Boys, ensuring high foot traffic and brand recognition. The Carteret zip code (07008) has a substantial population of 25,516 residents and 7,120 employees, providing a large potential customer base. The space is offered in "as-is" condition. The asking rent is $16 per square foot net, with estimated NNN expenses of $6.53 per square foot for common area maintenance, $5.19 per square foot for taxes, and $0.95 per square foot for insurance. This property is ideal for an established or emerging auto service business seeking a high-visibility location in a thriving retail center. Don't miss this chance to secure a prime retail space in a densely populated area with excellent access and strong neighboring businesses.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,175,000
- 6.5%
- $5,700,000
- 7%
- $5,295,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $8,153,000
Market price range: $2.29M - $8.82M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $9,605,000 Current use
- OFFICE BUILDING
- $11,715,000 Change: +22% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $10,555,000 Change: +10% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $9,535,000 Change: -1% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Carteret
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2295
- Latitude
- 40.5905
- 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
$299,679
$4,029,900
$5,182,500
$9,212,400
-
$4,029,900
$5,182,500
$9,212,400
