Single-Story Office
For Sale
Contact for pricing
10 Centre Dr, Monroe Township, NJ 08831
Office property with flexible commercial zoning and access to medical, corporate, laboratory, and other professional uses.
Property Size13,400 SF
Lot Size2.00 Acres
Price / SF$167.91
Days on Market197
Property Features for 10 Centre Dr
General Information
Standard status
Active
Size
13,400 SF
Total Parking Spaces
32
Lot size
2.00 Acres
Property subtype
Office
Zoning
POCD Planned Office Commercial Development
Additional Details
Highway Access
Yes
Building Details
Year Built
1991
Buildings
1
Stories
1
Building Size
13,400 SF
Listing Agency:
Fennelly Associates, Inc
Listed By:
Jerry Fennelly · License #NJ 8131550
Source:
Crexi
Added: Apr 2
Changed: Oct 9
Last Checked: Oct 14 at 10:12PM
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 Fennelly Associates, Inc
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Investment Insights
Based on property information with market context.
This single-story office building contains 13,400 square feet and was built in 1991. The property includes 14-foot ceilings, 32 surface parking spaces, and a two-acre lot. Its POCD Planned Office Commercial Development zoning supports a range of office-oriented commercial applications, including corporate offices, medical offices, computer centers, laboratories, restaurants, and health or spa uses.
The property is located at 10 Centre Drive in Monroe Township, New Jersey. It is less than one mile from Exit 8A of the New Jersey Turnpike, with stated drive times of 30 minutes to Newark Airport and 20 minutes to Princeton. Area amenities include hotel, dining, and meeting facilities, along with two championship golf courses. The site also provides access to New York City and Philadelphia.
The property is located at 10 Centre Drive in Monroe Township, New Jersey. It is less than one mile from Exit 8A of the New Jersey Turnpike, with stated drive times of 30 minutes to Newark Airport and 20 minutes to Princeton. Area amenities include hotel, dining, and meeting facilities, along with two championship golf courses. The site also provides access to New York City and Philadelphia.
Key Highlights
- 13,400 SF single‑story office building built in 1991
- Two‑acre lot with 32 surface parking spaces
- 14’ ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,020
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,100,400
$4.1M
Cap Rate 7%
$2,928,857
$2.9M
Cap Rate 9%
$2,278,000
$2.3M
Market Conditions
NOI Build-Up for 13,400 SF
Gross rent
$402.0K $30.00/SF
− Vacancy
−$128.6K −$9.60/SF
EGI
$273.4K $20.40/SF
− OpEx
−$68.3K −$5.10/SF
NOI
$205.0K $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 Rate 5%
$4,100,400
Cap Rate 7%
$2,928,857
Cap Rate 9%
$2,278,000
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.42M
NOI $205,020 @ 7.0% cap · market cap 9.11%
Second Best
Healthcare Medical
$2.85M
$2.49M – $3.33M
NOI $199,521 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,931 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
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 building - Office property with flexible commercial zoning and access to medical, corporate, laboratory, and other professional uses.
Where is this office building located?
The property is located at 10 Centre Dr Monroe Township, NJ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 13,400 SF single‑story office building built in 1991; Two‑acre lot with 32 surface parking spaces; 14’ ceiling height
