Corner Lot Mixed-Use
For Sale
$775,000
375 Spotswood Englishtown Road, Monroe, NJ 08831
3,600 sq ft residence with commercial space and parking.
Property Size3,608 SF
Price / SF$214.80
Days on Market478
Property Features for 375 Spotswood Englishtown Road
General Information
Standard status
Active
Size
3,608 SF
Taxes and HOA fees
Annual Taxes
$12,838
Building Details
Year Built
1978
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
DANIELLE MCSHANE
Source:
Corcoran
Added: May 15, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 3,600 sq. ft. corner lot property features a blend of residential comfort and commercial potential. The residence includes 4 bedrooms, 2 full baths, and 2 half baths. The expansive den features a fireplace and skylight. The eat-in kitchen is designed for casual dining. A walk-in attic offers storage solutions. The fenced yard provides privacy and security, complemented by a deck for outdoor entertaining and a shed for additional storage. Landscaping enhances the property's charm, with a sprinkler system for maintenance. Attached to the home is a renovated commercial space currently operating as a barber shop, featuring its own bathroom and a private entrance from a connecting street. This space can be rezoned and utilized for another business venture. A dedicated parking lot serves both residential and commercial needs. The property is located on Spotswood Englishtown Road in Monroe, NJ.
Key Highlights
- Attached, newly renovated commercial space with separate entrance, bathroom, and dedicated parking.
- Spacious 3,600 sq. ft. residence with 4 bedrooms, 2 full baths, and 2 half baths.
- Desirable corner lot location with beautifully lit landscaping, sprinkler system, and great curb appeal.
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
$55,484
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
7.16%
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%
$1,109,680
$1.1M
Cap Rate 7%
$792,629
$792.6K
Cap Rate 9%
$616,489
$616.5K
Market Conditions
NOI Build-Up for 3,608 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
$108.2K $30.00/SF
− Vacancy
−$7.4K −$2.04/SF
EGI
$100.9K $27.96/SF
− OpEx
−$45.4K −$12.58/SF
NOI
$55.5K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,109,680
Cap Rate 7%
$792,629
Cap Rate 9%
$616,489
Alternative Uses
Best Use
Apartment 5plus
$792.6K
$693.6K – $924.7K
NOI $55,484 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$735.7K
$643.7K – $858.3K
NOI $51,498 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$942.1K
$824.4K – $1.10M
NOI $65,948 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,600 sq ft residence with commercial space and parking.
Where is this mixed-use property located?
The property is located at 375 Spotswood Englishtown Road Monroe, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Attached, newly renovated commercial space with separate entrance, bathroom, and dedicated parking.; Spacious 3,600 sq. ft. residence with 4 bedrooms, 2 full baths, and 2 half baths.; Desirable corner lot location with beautifully lit landscaping, sprinkler system, and great curb appeal.
