Medical Office with Attached
New
For Sale
$600,000
235 Prospect Plains Road, Monroe, NJ 08831
Commercial Sale, Monroe, NJ
Property Size1,104 SF
Lot Size0.44 Acres
Price / SF$543.48
Days on Market3
Property Features for 235 Prospect Plains Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Parking
20
Interior features
Refrigeration
Appliances
Refrigeration
Lot features
Business District, Commercial Area, Wooded
Directions
Applegarth Rd to Prospect Plains Rd.Located near Monroe Commons building & near senior communities.
Standard status
Active
APN
1200056000000061
Size
1,104 SF
Lot size
0.44 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5782
Utilities
Sewer type
Septic Tank, Public Sewer
Heating system
Radiant
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Wood, Tile - Ceramic, Tile
Roof type
Asphalt
Listing Agency:
NEW JERSEY REALTY, LLC.
(609) 655-9222
Listed By:
Nayna Bawa
(917) 969-0093
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 25 at 4:06AM
MLS# 2706799R
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 1,104-square-foot medical office has a waiting area, two treatment rooms, a kitchenette, and an open bay, along with an attached garage. Tile and wood flooring are present, and the property is offered in as-is condition. The site encompasses 0.44 acres and carries NC zoning.
At 235 Prospect Plains Road in Monroe, the property is near the Rossmoor and Clearbrook senior communities and St. Peter’s and RWJH medical centers. Access to the New Jersey Turnpike and Route 33 is also noted.
At 235 Prospect Plains Road in Monroe, the property is near the Rossmoor and Clearbrook senior communities and St. Peter’s and RWJH medical centers. Access to the New Jersey Turnpike and Route 33 is also noted.
Key Highlights
- 1,104‑square‑foot medical office on 0.44 acres
- NC zoning
- Waiting area, two treatment rooms, kitchenette, and open bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,891
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,820
$337.8K
Cap Rate 7%
$241,300
$241.3K
Cap Rate 9%
$187,678
$187.7K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$33.1K $30.00/SF
− Vacancy
−$10.6K −$9.60/SF
EGI
$22.5K $20.40/SF
− OpEx
−$5.6K −$5.10/SF
NOI
$16.9K $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%
$337,820
Cap Rate 7%
$241,300
Cap Rate 9%
$187,678
Alternative Uses
Best Use
Office B
$241.3K
$211.1K – $281.5K
NOI $16,891 @ 7.0% cap · market cap 2.82%
Second Best
Healthcare Medical
$234.8K
$205.5K – $274.0K
NOI $16,438 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$288.3K
$252.2K – $336.3K
NOI $20,179 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Monroe Animal Hospital — 179 Prospect Plains Rd, Monroe Township, NJ 08831
Frequently Asked Questions
What type of property is this?
Medical Office Space - A two-treatment-room layout includes a waiting area, kitchenette, and open bay.
Where is this medical office space located?
The property is located at 235 Prospect Plains Road Monroe, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,104‑square‑foot medical office on 0.44 acres; NC zoning; Waiting area, two treatment rooms, kitchenette, and open bay
