Medical Office with
For Sale
$680,000
2412 Plainfield Avenue, South Plainfield, NJ 07080
Commercial Sale, South Plainfield, NJ
Property Size1,824 SF
Lot Size0.43 Acres
Price / SF$372.81
Days on Market94
Property Features for 2412 Plainfield Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OPA1
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
9
Parking features
Driveway, On Street
Interior features
Fixtures
Lot features
Business District, Corner Lot, Level
Directions
Corner of Lowden and Plainfield Ave's
Standard status
Active
APN
2122002730000000010000
Size
1,824 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1324196
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Zoned, Baseboard
Cooling system
Zoned
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Flooring type
Carpet, Tile, Laminate
Building materials
Brick, Glass
Roof type
Asphalt
Listing Agency:
JACK PEDERSEN REALTY
(908) 755-8300
Listed By:
Laura Tsounis · License #1328118
(908) 917-3247
Added: Jun 3
Changed: Sep 3
Last Checked: Sep 4 at 1:06PM
MLS# 2617003R
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.
Investment Insights
Based on property information with market context.
This 1,824-square-foot medical office property occupies a 0.427-acre lot and has served as a dental office for many years. The building includes fixtures, two bathrooms, tile, laminate, and carpet flooring, with brick and glass construction. Heating is provided by baseboard, zoned, and radiant systems, while cooling is zoned.
Parking includes 9 spaces, with 1 designated space, along with additional street parking. The property was built in 1967 and is served by public water and public sewer. The roof is asphalt, and the property is located at 2412 Plainfield Avenue in South Plainfield, NJ 07080.
Parking includes 9 spaces, with 1 designated space, along with additional street parking. The property was built in 1967 and is served by public water and public sewer. The roof is asphalt, and the property is located at 2412 Plainfield Avenue in South Plainfield, NJ 07080.
Key Highlights
- 1,824 SF medical office building on a 0.427‑acre lot
- Long‑established dental office use
- 9 parking spaces, including 1 designated space; additional street parking available
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
$27,907
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
4.10%
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%
$558,140
$558.1K
Cap Rate 7%
$398,671
$398.7K
Cap Rate 9%
$310,078
$310.1K
Market Conditions
NOI Build-Up for 1,824 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
$54.7K $30.00/SF
− Vacancy
−$17.5K −$9.60/SF
EGI
$37.2K $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%
$558,140
Cap Rate 7%
$398,671
Cap Rate 9%
$310,078
Alternative Uses
Best Use
Office B
$398.7K
$348.8K – $465.1K
NOI $27,907 @ 7.0% cap · market cap 4.10%
Second Best
Healthcare Medical
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,340 @ 7.0% cap · market cap 4.90%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established dental office with dedicated parking, fixtures, two bathrooms, and OPA1 zoning.
Where is this medical office space located?
The property is located at 2412 Plainfield Avenue 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: 1,824 SF medical office building on a 0.427‑acre lot; Long‑established dental office use; 9 parking spaces, including 1 designated space; additional street parking available
