Ground-Level Medical Office
For Sale
Contact for pricing
1-369 Applegarth Rd, Monroe, NJ 08831
Vacant ground-level unit in a small one-level four-unit complex on a highly traveled corridor.
Property Size1,000 SF
Price / SF$2.60
Days on Market100
Property Features for 1-369 Applegarth Rd
General Information
Standard status
Active
Size
1,000 SF
Additional Details
Office Units
4
Taxes and HOA fees
Annual Taxes
$36,000
Listing Agency:
CENTURY 21 MAIN STREET REALTY
(732) 750-4663
Listed By:
LINDA J. IANNONE
(732) 527-7201
Source:
Exprealty
Added: Jul 9
Changed: Oct 14
Last Checked: Oct 16 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 MAIN STREET REALTY
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Investment Insights
Based on property information with market context.
This ground-level office unit is located in a one-level, four-unit complex. The space is currently vacant and available immediately, with easy showing access. Two units are available in the complex, including unit #1 and unit #3.
The property is situated on highly traveled Applegarth Road, supporting a steady flow of visibility for professional uses.
The existing mix in the complex includes occupied space for a medical physician and a massage spa. The available unit is suitable for a range of professional and health-related needs, including insurance, attorney, dentist, and nail/beauty or other professional/medical uses.
The property is situated on highly traveled Applegarth Road, supporting a steady flow of visibility for professional uses.
The existing mix in the complex includes occupied space for a medical physician and a massage spa. The available unit is suitable for a range of professional and health-related needs, including insurance, attorney, dentist, and nail/beauty or other professional/medical uses.
Key Highlights
- Vacant ground‑level unit in a small one‑level, four‑unit complex
- Two units available: unit #1 and unit #3
- Available immediately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,890
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
$297.8K
Cap Rate 7%
$212,714
$212.7K
Cap Rate 9%
$165,444
$165.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.4K $26.40/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$24.8K $24.82/SF
− OpEx
−$9.9K −$9.93/SF
NOI
$14.9K $14.89/SF
Area
Middlesex County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
Cap Rate 7%
$212,714
Cap Rate 9%
$165,444
Alternative Uses
Best Use
Office B
$218.6K
$191.3K – $255.0K
NOI $15,300 @ 7.0% cap · market cap 589.60%
Second Best
Healthcare Medical
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 573.80%
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 704.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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Business Placement
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Vacant ground-level unit in a small one-level four-unit complex on a highly traveled corridor.
Where is this office units located?
The property is located at 1-369 Applegarth Rd Monroe, NJ.
What are key features of this property?
This property features: Vacant ground‑level unit in a small one‑level, four‑unit complex; Two units available: unit #1 and unit #3; Available immediately
