Medical Office with Display
For Sale
$680,000
2412-2414 Plainfield Avenue, South Plainfield, NJ 07080
Commercial Sale, South Plainfield, NJ
Property Size1,826 SF
Lot Size0.43 Acres
Price / SF$372.40
Days on Market94
Property Features for 2412-2414 Plainfield Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Professional
Rooms
Basement
Parking
9
Parking features
On Street, Parking Lot
Interior features
Handicapped
Exterior features
Display Window
Accessibility
Accessible Approach with Ramp
Lot features
Irregular Lot, Level, Sidewalks, Corner Lot
Directions
Located on the corner of Lowden and Plainfield Ave's
Standard status
Active
APN
22-00273-0000-00001
Size
1,826 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13242
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Jack Pedersen Realty
(908) 755-8300
Listed By:
Laura Tsounis · License #1328118
(908) 917-3247
Added: Jun 5
Changed: Sep 4
Last Checked: Sep 6 at 5:06AM
MLS# 22617095
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,826-square-foot medical office property at 2412-2414 Plainfield Avenue offers a brick exterior, display windows, vinyl and tile flooring, and a basement. The building was constructed in 1965 and includes central air, hot-water and forced-air heating, and public water and sewer service. An accessible approach with ramp supports entry, while handicapped interior features further accommodate visitors and staff.
The property includes both a parking lot and on-street parking in South Plainfield, Middlesex County. Its former use as a dental office provides a documented medical-office operating history, while the existing layout and building features support continued consideration for professional or healthcare occupancy.
The property includes both a parking lot and on-street parking in South Plainfield, Middlesex County. Its former use as a dental office provides a documented medical-office operating history, while the existing layout and building features support continued consideration for professional or healthcare occupancy.
Key Highlights
- 1,826 square feet of medical office space
- 0.43‑acre lot in South Plainfield, NJ
- Former dental office with established operating history
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,760
$558.8K
Cap Rate 7%
$399,114
$399.1K
Cap Rate 9%
$310,422
$310.4K
Market Conditions
NOI Build-Up for 1,826 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.8K $30.00/SF
− Vacancy
−$17.5K −$9.60/SF
EGI
$37.3K $20.40/SF
− OpEx
−$9.3K −$5.10/SF
NOI
$27.9K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,760
Cap Rate 7%
$399,114
Cap Rate 9%
$310,422
Alternative Uses
Best Use
Office B
$399.1K
$349.2K – $465.6K
NOI $27,938 @ 7.0% cap · market cap 4.11%
Second Best
Healthcare Medical
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,376 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07080, NJ
24,261
Population
8,433
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
2,959
Density / Sq Mi
$126,161
Median Household Income
$61,777
Median Earnings
$1,928
Median Rent
$444,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick medical office with accessible entry, central air, on-site parking, and a basement.
Where is this medical office space located?
The property is located at 2412-2414 Plainfield Avenue South Plainfield, NJ.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 1,826 square feet of medical office space; 0.43‑acre lot in South Plainfield, NJ; Former dental office with established operating history
