Commercial Land in HD
For Sale
$1,275,000
123 Applegarth Road, Monroe, NJ 08831
Commercial Sale, Monroe, NJ
Property Size3,204 SF
Lot Size4.60 Acres
Price / SF$397.94
Days on Market365
Property Features for 123 Applegarth Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HD
Parking
5
Parking features
Garage
Standard status
Active
APN
12000060000000412
Size
3,204 SF
Lot size
4.60 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
14502
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
2
Flooring type
Carpet
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
MID-STATE REALTY
(732) 251-8900
Listed By:
John Profaci · License #9231545
(908) 692-5419
Added: Oct 17, 2025
Changed: Oct 8
Last Checked: Oct 16 at 5:06PM
MLS# 2660707M
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4.6-acre commercial land parcel on Applegarth Road includes an existing single-family residence. The property is zoned HD (Highway Development) and is positioned for redevelopment into a variety of permitted commercial and mixed-use applications, subject to municipal approvals. There is also the possibility to combine it with the lot next door for a total of 7.6 acres, with use details to be confirmed with Monroe Township.
The site offers convenient access to major thoroughfares, including Route 33 and the NJ Turnpike (Exit 8A). Utilities include access to city water; sewer is listed as a septic tank. The residence was built in 1981 and includes wood siding, an asphalt roof, forced-air heating, central air conditioning, carpet flooring, and a garage.
All uses should be confirmed with Monroe Township, based on zoning and applicable approvals.
The site offers convenient access to major thoroughfares, including Route 33 and the NJ Turnpike (Exit 8A). Utilities include access to city water; sewer is listed as a septic tank. The residence was built in 1981 and includes wood siding, an asphalt roof, forced-air heating, central air conditioning, carpet flooring, and a garage.
All uses should be confirmed with Monroe Township, based on zoning and applicable approvals.
Key Highlights
- 4.6‑acre commercial land parcel on Applegarth Road
- Zoned HD (Highway Development) in Monroe Township
- Convenient access to Route 33 and NJ Turnpike (Exit 8A)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,271
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,420
$985.4K
Cap Rate 7%
$703,871
$703.9K
Cap Rate 9%
$547,456
$547.5K
Market Conditions
NOI Build-Up for 3,204 SF
Gross rent
$96.1K $30.00/SF
− Vacancy
−$6.5K −$2.04/SF
EGI
$89.6K $27.96/SF
− OpEx
−$40.3K −$12.58/SF
NOI
$49.3K $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 Rate 5%
$985,420
Cap Rate 7%
$703,871
Cap Rate 9%
$547,456
Alternative Uses
Best Use
Apartment 5plus
$703.9K
$615.9K – $821.2K
NOI $49,271 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.6K
$732.1K – $976.1K
NOI $58,564 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
121
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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Frequently Asked Questions
What type of property is this?
Commercial land - 4.6-acre commercial land on Applegarth Road with existing single-family residence and public water access in Monroe’s HD zone.
Where is this commercial land located?
The property is located at 123 Applegarth Road Monroe, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 4.6‑acre commercial land parcel on Applegarth Road; Zoned HD (Highway Development) in Monroe Township; Convenient access to Route 33 and NJ Turnpike (Exit 8A)
