Medical Office Building with
For Sale
$680,000
2412 Plainfield Avenue, South Plainfield, NJ 07080
Well-suited for medical uses with ample parking and a corner position that supports patient access and visibility.
Property Size1,824 SF
Price / SF$372.81
Days on Market121
Property Features for 2412 Plainfield Avenue
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
JACK PEDERSEN REALTY
(908) 755-8300
Listed By:
LAURA C. TSOUNIS · License #1328118
(833) 740-1234
Source:
Actionplusrealty
Added: Apr 26
Changed: Aug 23
Last Checked: Aug 24 at 6:37AM
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 building is arranged for professional use and has a long operating history, having been used for many years as a well-established dental practice. The property benefits from an existing tenant-ready layout typical of healthcare workflows, with improvements already oriented toward delivering care on-site.
Located on a busy corner, the building provides both convenient street access and options for visitors. Parking is available on-site, and street parking is also available, which can help reduce friction for patients, staff, and appointments.
For buyers seeking an office property with an existing medical track record, this offers a practical starting point. The combination of a healthcare-oriented history and on-site parking makes the asset a straightforward fit for medical operators looking for a ready-use environment, or for investors evaluating an office building positioned for customer-based services.
Located on a busy corner, the building provides both convenient street access and options for visitors. Parking is available on-site, and street parking is also available, which can help reduce friction for patients, staff, and appointments.
For buyers seeking an office property with an existing medical track record, this offers a practical starting point. The combination of a healthcare-oriented history and on-site parking makes the asset a straightforward fit for medical operators looking for a ready-use environment, or for investors evaluating an office building positioned for customer-based services.
Key Highlights
- Built in 1967
- Corner position with patient access and visibility
- Previously used as a long‑running dental office
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 - Well-suited for medical uses with ample parking and a corner position that supports patient access and visibility.
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: Built in 1967; Corner position with patient access and visibility; Previously used as a long‑running dental office
