Add Listing
    For Sale
    • 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

    123 Applegarth Road Monroe, NJ 08831

    View on Map
    Claim this Listing
    For Sale
    $1,275,000

    COMMERCIAL - Monroe, NJ

    Property size:
    3,204 SF
    Lot size:
    4.60 Acres
    Price / SF:
    $397/SF
    Added:
    Oct 17, 2025
    Days on Market:
    187
    Last Refresh:
    Apr 21 at 10:06 am

    Property Features for 123 Applegarth Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HD
    Parking
    5
    Parking features
    Garage
    Standard status
    Active
    APN
    12000060000000412
    Size
    3,204 SF
    Lot size
    4.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    14502

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Wood Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    John Profaci
    John Profaci

    Listing agent John Profaci License #9231545

    Listing office MID-STATE REALTY 391 SPOTSWD-ENGLISHTWN RD ST 1, Monroe Township, NJ

    Listing date Oct 17, 2025

    MLS# 2660707M

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land in Monroe

    This prime 4.6-acre property is located on highly traveled Applegarth Road in the heart of Monroe Township's HD (Highway Development) Zone. Currently, the site features a single-family residence. It offers excellent redevelopment potential for a variety of permitted commercial and mixed-use applications. The parcel has significant frontage, strong visibility, and convenient access to major thoroughfares including Route 33 and the NJ Turnpike (Exit 8A). The property is ideal for medical, office, retail, or service-oriented commercial uses, subject to municipal approvals. There is a possibility to combine it with the lot next door, totaling 7.6 acres. All uses are to be confirmed with Monroe Township. City water and sewer are accessible. The property size is 3204 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4709031
    Latitude
    40.2728244

    Nearby Similar for Sale

    • $640,000

      Move-In Ready Ranch Home

      Comfortable single-story living in a desirable 55+ active adult community.
      143 Valencia Drive, Monroe, NJ 08831
      View Details
    • $349,999
      4,600 SF

      Established Pizzeria in Monroe, NJ

      Turnkey pizzeria with strong reputation and growth potential in Monroe.
      393 Davidsons Mill Road, Monroe, NJ 08831
      View Details
    • $479,900
      1,715 SF

      Bright Home in Active Community

      Two-bedroom home with amenities in an active adult community.
      17 Umberland Place, Monroe, NJ 08831
      View Details
    • $415,000
      1,184 SF

      Monroe Multi-Family Home

      Rare multi-family home in desirable Monroe Township.
      81 E Lincoln Avenue, Monroe, NJ 08831
      View Details
    • $1,250,000
      3,024 SF

      Monroe Mixed-Use Property For Sale

      Versatile property with residential and business functionality on 1.8 acres.
      176 Old Forge Road, Monroe, NJ 08831
      View Details
    • $2,600
      5,400 SF

      Monroe Office/Medical Space Available

      Turn-key office or medical space with ample parking.
      369 Applegarth Road, Monroe, NJ 08831
      View Details
    • $1,850
      2,600 SF

      Monroe Office Space For Sale

      Office space with kitchen and bath available for purchase.
      236 Possum Hollow Road, Monroe, NJ 08831
      View Details
    • $2,600
      1,350 SF

      Monroe Commercial Unit For Sale

      Ground level commercial unit suitable for professional or medical use.
      369 Applegarth Road, Monroe, NJ 08831
      View Details
    • $1,275,000

      Prime Land on Applegarth Road

      4.6-acre property with redevelopment potential in Monroe Township.
      123 Applegarth Road, Monroe, NJ 08831
      View Details
    • $295,000

      Secluded 1.83-Acre Lot

      1.83-acre lot amid preserved land, ideal for custom home.
      1565 Perrineville Road, Monroe, NJ 08831
      View Details
    • $1,150,000

      Approved Residential Lots in Monroe

      Two approved residential lots totaling 3 acres in Monroe, NJ.
      95 Halsey Reed Road, Monroe, NJ 08831
      View Details
    • $2,900,000

      Monroe Township Commercial Land Opportunity

      15.26 acres of highway commercial land in Monroe Township.
      840 Route 33, Monroe, NJ 08831
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.6-acre property with redevelopment potential in Monroe Township, NJ.
    Where is this commercial land located?
    The property is located at 123 Applegarth Road Monroe, NJ.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Prime 4.6‑acre property in Monroe Township's HD Zone.; Excellent redevelopment potential for commercial or mixed‑use applications.; Significant frontage, strong visibility, and convenient access to Route 33 and the NJ Turnpike (Exit 8A).
    (732) 251-8900
    We can help!
    Listing Contact
    John Profaci
    John Profaci
    Real Estate License ID: 9231545
    Learn More
    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.
    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!