Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220 Forsgate Dr, Unit C Monroe, NJ 08831

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully renovated office space in downtown Jamesburg Business District.

    Property size:
    1,000 SF

    Property Features for 220 Forsgate Dr

    General Information

    Standard status
    Active
    Size
    1,000 SF

    We can help!

    Listing Contact
    John H Burke
    Source: Corcoran

    Listing Agency: CENTURY 21 BURKE REALTY Listing Agent: John H Burke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Office Space Available

    This is a fully renovated second-floor office space featuring new flooring, painting, and lighting. The space offers 1000 square feet and is located in a well-maintained building in the downtown Jamesburg Business District. New vinyl flooring is being installed. The property has street frontage and is suitable for various professional uses such as an attorney's office, CPA practice, or insurance agency. Off-street parking is available in a large lot behind the building. The property is located close to the New Jersey Turnpike and Highway 33.
    Location Intelligence

    Current Use by Public Records

    Levinson Axelrod, P.A. Law Firm RSN Insurance Agency Insurance Agency Michele Berger, RD Physician Amanda M. Straley, ... Physician Scamporino Construction LLC Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4360959
    Latitude
    40.3473273

    Nearby Similar for Sale

    • $645,000

      Move-In Ready Ranch Home

      Comfortable single-level living in a 55+ active adult community.
      143 Valencia Dr, Monroe, NJ 08831
      View Details
    • Contact for pricing
      3,525 SF

      Monroe Auto Mechanic Shop For Sale

      Auto mechanic shop with car lift, bays, office, parking.
      31 Bordentown Tpke, Monroe, NJ 08831
      View Details
    • Contact for pricing
      2,600 SF

      Monroe Office Space For Sale

      Office space with kitchen and bath available for purchase.
      236 Possum Holw Rd, Monroe, NJ 08831
      View Details
    • $349,999
      4,600 SF

      Established Pizzeria in Monroe, NJ

      Turnkey pizzeria with strong reputation and growth potential in Monroe.
      393 Davidsons Ml Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      1,100 SF

      Monroe Office Space on Route 33

      Office space on Route 33, ideal for medical use.
      983 W State Rte 33, Monroe, NJ 08831
      View Details
    • $2,175,000
      5,036 SF

      Monroe Commercial Property with Apartments

      Two-story building with restaurant, bar, apartments, and liquor license.
      299 Spotswd-Engtwn Rd Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      28,000 SF

      New Mini-Warehouse Space Available

      28,000 SF mini-warehouse space for sale, delivery December 2025.
      7 Un Hl Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      28,000 SF

      New Mini-Warehouse Space Available

      Under construction mini-warehouse space for sale, delivery December 2025.
      7 Un Hl Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      72,178 SF

      Mixed-Use Retail and Warehouse Campus

      Mixed-use retail/warehouse campus on 9.5 acres in Monroe, NJ.
      1809 N Black Horse Pike, Monroe, NJ
      View Details
    • Contact for pricing
      1,200 SF

      Modern Office Space Available

      Clean, modern office space with highway visibility and ample parking.
      981 State Route 33, Monroe, NJ 08831
      View Details
    • Contact for pricing
      1,000 SF

      First Floor Office Unit

      Bright office unit with lakefront view, suitable for medical use.
      100 Lakeview Dr, Monroe, NJ 08831
      View Details
    • $1,050,000
      1,426 SF

      Commercial Property with Warehouse Facility

      Commercial property featuring a warehouse and residential ranch.
      127 Applegarth Rd, Monroe, NJ 08831
      View Details

    FAQs

    What type of property is this?
    Office units - Fully renovated office space in downtown Jamesburg Business District.
    Where is this office units located?
    The property is located at 220 Forsgate Dr, Unit C Monroe, NJ.
    What are key features of this property?
    This property features: - Fully renovated space with **new flooring, painting, and lighting.**; - 1,000 square feet of spacious area suitable for various businesses.; - Ample off-street parking in a large lot.
    (732) 658-6800
    Request Owner's contact information
    220 Forsgate Dr, Unit C Monroe, NJ 08831
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220 Forsgate Dr, Unit C
    Monroe, NJ 08831
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 Forsgate Dr, Unit C Monroe, NJ 08831
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John H Burke
    Real Estate License ID: 1221032
    (732) 658-6800 (732) 910-2994
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!