High-Visibility Medical Office
For Sale
$680,000
2412-2414 Plainfield Ave, South Plainfield, NJ 07080
Previously operated as a dental office and positioned for strong visibility in a busy South Plainfield area.
Property Size1,826 SF
Price / SF$372.40
Days on Market133
Property Features for 2412-2414 Plainfield Ave
General Information
Standard status
Active
Size
1,826 SF
Property subtype
General Commercial
Amenities
Central Air
3
Tile, Vinyl, Other
Parking.
9 Parking Spaces. On Site, On Street.
Sidewalks.
Building Details
Year Built
1965
Listing Agency:
Jack Pedersen Realty
(908) 755-8300
Listed By:
Laura Tsounis · License #1328118
(908) 755-8300
Source:
Xome
Added: Apr 11
Changed: Aug 12
Last Checked: Aug 21 at 4:49AM
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 Jack Pedersen Realty
Investment Insights
Based on property information with market context.
This medical office suite was previously established and operated as a dental office for many years. The space is configured as an office-based medical setting, offering a practical foundation for an operator looking to continue serving the healthcare needs of the local community.
Located at 2412-2414 Plainfield Avenue in South Plainfield, NJ 07080, the property is described as being conveniently situated in a busy area. The listing also highlights high visibility, which can support walk-in traffic and brand recognition for medical and office users that benefit from being seen by passing customers.
For tenants, buyers, or owner-operators, the most straightforward fit is a healthcare practice or related professional use that can leverage the existing office improvements associated with a long-running dental operation. As presented, the property offers a streamlined option for an experienced practice team seeking a high-visibility medical office suite in a well-traveled commercial setting.
Located at 2412-2414 Plainfield Avenue in South Plainfield, NJ 07080, the property is described as being conveniently situated in a busy area. The listing also highlights high visibility, which can support walk-in traffic and brand recognition for medical and office users that benefit from being seen by passing customers.
For tenants, buyers, or owner-operators, the most straightforward fit is a healthcare practice or related professional use that can leverage the existing office improvements associated with a long-running dental operation. As presented, the property offers a streamlined option for an experienced practice team seeking a high-visibility medical office suite in a well-traveled commercial setting.
Key Highlights
- Previously used as a dental office
- Central air cooling and heating (Heating: 3)
- Flooring includes tile, vinyl, and other materials
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
$27,938
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
4.11%
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%
$558,760
$558.8K
Cap Rate 7%
$399,114
$399.1K
Cap Rate 9%
$310,422
$310.4K
Market Conditions
NOI Build-Up for 1,826 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
$54.8K $30.00/SF
− Vacancy
−$17.5K −$9.60/SF
EGI
$37.3K $20.40/SF
− OpEx
−$9.3K −$5.10/SF
NOI
$27.9K $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 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%
$558,760
Cap Rate 7%
$399,114
Cap Rate 9%
$310,422
Alternative Uses
Best Use
Office B
$399.1K
$349.2K – $465.6K
NOI $27,938 @ 7.0% cap · market cap 4.11%
Second Best
Healthcare Medical
$388.4K
$339.9K – $453.1K
NOI $27,188 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,376 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07080, NJ
24,261
Population
8,433
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
2,959
Density / Sq Mi
$126,161
Median Household Income
$61,777
Median Earnings
$1,928
Median Rent
$444,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Previously operated as a dental office and positioned for strong visibility in a busy South Plainfield area.
Where is this medical office space located?
The property is located at 2412-2414 Plainfield Ave South Plainfield, NJ.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Previously used as a dental office; Central air cooling and heating (Heating: 3); Flooring includes tile, vinyl, and other materials
