Modern Wellness Center For
For Sale
$3,750,000
15 E Railroad Ave, Monroe Township, NJ 08831
14,000 sq ft wellness center built in 2020.
Property Size14,000 SF
Lot Size6.00 Acres
Price / SF$267.86
Days on Market118
Property Features for 15 E Railroad Ave
General Information
Standard status
Active
Size
14,000 SF
Lot size
6.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$49,276
Amenities
Central air
Central Air Cooling
Composition Shingle Roof
Forced Hot Air Heating
Hard Surface
Off-Street Parking
Parking Lot-Exclusive
Building Details
Year Built
1880
Listing Agency:
CENTURY 21 BURKE REALTY
(732) 658-6800
Listed By:
JOHN BURKE · License #1221032
Source:
Corcoran
Added: Apr 14
Changed: Aug 8
Last Checked: Aug 9 at 8:17AM
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 BURKE REALTY
Investment Insights
Based on property information with market context.
This modern wellness center, custom built in 2020, offers a premier investment or owner-occupy opportunity in downtown Jamesburg. The 14,000 sq ft building is set on 6 acres and features a sleek, modern design with high-end finishes across three levels. It includes 18 treatment rooms, a rehab gym, digital X-ray, an elevator, and smart technology throughout. The property is fully ADA-compliant and includes 43 parking spaces. The building is divided into three owner-occupied levels of space, currently housing a chiropractor, pain management, and physical therapy practices. The basement level features a gym, Pilates room, and a large workout room suitable for classes and seminars. Additional features include a full bath and locker rooms. Possible uses include an adult day care or rehab center. The owner is interested in potentially staying on as a tenant.
Key Highlights
- Modern, custom‑built (2020) 14,000 sq ft wellness center with high‑end finishes.
- Includes 18 treatment rooms, rehab gym, digital X‑ray, elevator, and smart tech.
- Fully ADA‑compliant with 43 parking spaces.
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
$208,454
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
5.56%
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%
$4,169,080
$4.2M
Cap Rate 7%
$2,977,914
$3.0M
Cap Rate 9%
$2,316,156
$2.3M
Market Conditions
NOI Build-Up for 14,000 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
$369.6K $26.40/SF
− Vacancy
−$22.2K −$1.58/SF
EGI
$347.4K $24.82/SF
− OpEx
−$139.0K −$9.93/SF
NOI
$208.5K $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 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%
$4,169,080
Cap Rate 7%
$2,977,914
Cap Rate 9%
$2,316,156
Alternative Uses
Best Use
Healthcare Medical
$2.98M
$2.61M – $3.47M
NOI $208,454 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.26M
NOI $255,898 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
504
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - 14,000 sq ft wellness center built in 2020.
Where is this medical center located?
The property is located at 15 E Railroad Ave Monroe Township, NJ.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Modern, custom‑built (2020) **14,000 sq ft wellness center with high‑end finishes.**; Includes **18 treatment rooms, rehab gym, digital X‑ray, elevator, and smart tech.**; Fully ADA‑compliant with 43 parking spaces.
