Mixed-Use Property with Detached
New
For Sale
$1,250,000
Pending
176 Old Forge Road, Monroe, NJ 08831
A single-family home and substantial detached garage offer space for residential, office, and equipment-storage functions.
Property Size3,024 SF
Lot Size1.80 Acres
Days on Market5
Property Features for 176 Old Forge Road
General Information
Standard status
Pending
Size
3,024 SF
Lot size
1.80 Acres
Property subtype
Commercial
Zoning
R60
Taxes and HOA fees
Annual Taxes
$12,973
Building Details
Building Size
3,024 SF
Year Built
1977
Stories
1
Listing Agency:
MID-STATE REALTY
Listed By:
John Profaci · License #9231545
(908) 692-5419
Source:
Lacerdarealtors
Added: Oct 29
Last Checked: Oct 29 at 2:49PM
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 MID-STATE REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on approximately 1.8 acres, the property combines an improved single-family home with a detached garage measuring 42' x 72'. The home offers potential for office or live-work use, while the garage provides space for storage, vehicles, or workshop activity. The property is zoned R60 and was built in 1977.
Key Highlights
- Approximately 1.8 acres
- Detached garage measures 42' x 72'
- Improved single‑family home with office or live‑work potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,267
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,340
$925.3K
Cap Rate 7%
$660,957
$661.0K
Cap Rate 9%
$514,078
$514.1K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$90.7K $30.00/SF
− Vacancy
−$29.0K −$9.60/SF
EGI
$61.7K $20.40/SF
− OpEx
−$15.4K −$5.10/SF
NOI
$46.3K $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%
$925,340
Cap Rate 7%
$660,957
Cap Rate 9%
$514,078
Alternative Uses
Best Use
Office B
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 3.70%
Second Best
Mixed Use
$373.8K
$327.1K – $436.1K
NOI $26,165 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$789.6K
$690.9K – $921.2K
NOI $55,274 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A single-family home and substantial detached garage offer space for residential, office, and equipment-storage functions.
Where is this mixed-use property located?
The property is located at 176 Old Forge Road Monroe, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 1.8 acres; Detached garage measures 42' x 72'; Improved single‑family home with office or live‑work potential
