Versatile Storefront With Road
5 Union Hill Road Monroe, NJ 08831
New
COMMERCIAL - Monroe, NJ
Type:Retail
Property size:
1,292 SFLot size:
0.60 AcresPrice / SF:
$205/SF- Added:
- Jul 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 9 at 10:06 pm
Property Features for 5 Union Hill Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 12-00037-0000-00011
- Size
- 1,292 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4394
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard
- Water source
- Well
Building Details
- Year built
- 1953
- Floors in Building
- 2
- Roof type
- Shingle
Listing agent Paul Veisman (732) 719-2302
Listing office EXP Realty 601 Bangs Ave. Suite 403, Montclair, NJ (732) 719-2302
Listing date Jul 8, 2026
MLS# 22620630
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 versatile storefront property offers adaptable interior space that can be customized to support retail, office, service, or other owner-user needs, subject to the buyer’s due diligence on permitted uses. The offering includes a commercial building of 1,292 square feet situated on a 0.6-acre lot, providing room for practical site use alongside the building.
The property is located at 5 Union Hill Road in Monroe, New Jersey, with convenient access to Routes 527, 9, and 18. While the surrounding area includes nearby shopping, restaurants, and public transportation, buyers should verify specific details during their research.
For tenants, buyers, or operators, the key benefit is flexibility: the space is presented as suitable for multiple commercial formats, with an owner-user able to shape the layout to match their business plan. Given the broad range of intended uses noted for the property, prospective purchasers should focus on confirming zoning and permitting requirements for their specific concept.
The property is located at 5 Union Hill Road in Monroe, New Jersey, with convenient access to Routes 527, 9, and 18. While the surrounding area includes nearby shopping, restaurants, and public transportation, buyers should verify specific details during their research.
For tenants, buyers, or operators, the key benefit is flexibility: the space is presented as suitable for multiple commercial formats, with an owner-user able to shape the layout to match their business plan. Given the broad range of intended uses noted for the property, prospective purchasers should focus on confirming zoning and permitting requirements for their specific concept.
Key Highlights
- Commercial property built in 1953 with baseboard heating
- Utilities include well water and septic tank sewer service
- Shingle roof
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $21.60 |
| − Vacancy | −$1.6k | −$1.21 |
| EGI | $26.3k | $20.39 |
| − OpEx | −$7.9k | −$6.12 |
| NOI | $18.4k | $14.27 |
1,292 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$263.4K
$230.5K – $307.4K
NOI $18,441 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.4K
$295.2K – $393.6K
NOI $23,616 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Flexible retail or office space near major Route access for an owner-user or a variety of service concepts.
Where is this retail space located?
The property is located at 5 Union Hill Road Monroe, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Commercial property built in 1953 with baseboard heating; Utilities include well water and septic tank sewer service; Shingle roof
