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

    97 Avenel St Avenel, NJ 07001-1749

    • Day care centers
    • 2,516 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0411062
    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

    • Pumpkin Patch Infant Care Center / Day Care Center

    Property Details for 97 Avenel St

    Year built
    1958
    Lot size
    0.11 lot acres
    Property size
    2,516 SF
    Zone code
    B-1
    Property type
    Day care centers
    APN
    25 00855- 08-00466
    APU
    25008550800466

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $214,000
      Market price range: $141k - $828k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $565,000
      Current use
      OFFICE BUILDING
      $515,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $485,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Avenel
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2742
    Latitude
    40.576
    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
    $10,999
    $32,400
    $63,900
    $96,300
    -
    $32,400
    $63,900
    $96,300

    Comparable in this City

    • Value Estimation
      $455,000
      6,506 SF

      131 Avenel St, Unit 133

      DAY CARE, PRE-SCHOOL • 6,506 SF
      131 Avenel St, Avenel, NJ 07001-1751
      View Details
    • Value Estimation
      $415,000
      2,468 SF

      10 Remsen Ave

      VETERINARY, ANIMAL HOSPITAL • 2,468 SF
      10 Remsen Ave, Avenel, NJ 07001-1214
      View Details
    • Value Estimation by Request

      999 Rte 1-9

      Distribution properties
      999 Rte 1-9, Woodbridge Township, NJ 07001
      View Details
    • Value Estimation
      $430,000
      4,152 SF

      399 Avenel St

      FUNERAL HOME • 4,152 SF
      399 Avenel St, Avenel, NJ 07001-1145
      View Details
    • Value Estimation by Request
      13,082 SF

      1392 St Georges Ave

      Retail properties • 13,082 SF
      1392 St Georges Ave, Woodbridge Township, NJ 07001
      View Details
    • Value Estimation
      $315,000
      0.21 Acres

      1014 Rahway Ave

      COMMERCIAL (GENERAL) • 0.21 Acres
      1014 Rahway Ave, Avenel, NJ 07001-2037
      View Details

    Similar Nearby for Sale

    • $299,900

      Turnkey Pizzeria Restaurant For Sale

      Fully renovated pizzeria restaurant with new equipment and ample parking.
      1076 St Georges Ave, Avenel, NJ 07001
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    • Contact for pricing
      3,000 SF

      Avenel Salon Suites for Lease

      Luxury Suites, All-Inclusive Amenities
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    • Contact for pricing

      Avenel Commercial Suite for Lease

      High-traffic salon suite, 153 sq ft, all-inclusive.
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    • $3,300,000
      13,082 SF

      Woodbridge Retail Center Investment

      High-Yield Dollar Tree Anchored Mall
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    • $550,000
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      Avenel Commercial Corner Lot

      Versatile Property, Endless Potential, Prime Location
      Avenel St, Avenel, NJ 07001
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    • $995,000

      Avenel Commercial Land Opportunity

      Vacant lot in Avenel, NJ, B3 zoning, prime location.
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    Similar Nearby for Lease

    • Contact for pricing
      70,000 SF

      St. Georges Ave Medical Office Space

      70,000 SF Medical Building, Suites Available
      1030 St Georges Ave, Woodbridge Township, NJ 07001
      View Details
    • $1.67 SF/Yr
      70,000 SF

      Medical Office Space Available

      Prime medical office space in a high-traffic, accessible location.
      1030 Saint Georges Ave, Avenel, NJ 07001
      View Details
    • $17 SF/Yr
      16,050 SF

      Retail/Office Strip Center Space

      Multi-tenanted retail/office space for lease. Easy access to major routes.
      1144-1162 St. Georges Ave, Avenel, NJ 07001
      View Details
    • Contact for pricing
      96,500 SF

      Avenel Industrial Building with Storage

      95,000 SF industrial building with secured outside storage.
      130 Essex Ave E, Avenel, NJ 07001
      View Details
    • Contact for pricing
      41,125 SF

      Avenel Warehouse Space Available

      Industrial warehouse space for lease in Avenel, New Jersey.
      4 Engelhard Ave, Avenel, NJ 07001
      View Details
    • Contact for pricing
      81,000 SF

      Avenel Warehouse with Secured Truck Court

      81,000 SF warehouse with office space and ample parking.
      80 Essex Ave E, Avenel, NJ 07001
      View Details
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    Avenel, NJ 07001-1749
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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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