Updated Medical Office
For Sale
$650,000
320 Spotswood Englishtown Road, Monroe, NJ 08831
Bright office building with two private offices, a conference room, kitchenette, and nine dedicated parking spaces.
Property Size1,392 SF
Price / SF$466.95
Days on Market70
Property Features for 320 Spotswood Englishtown Road
General Information
Standard status
Active
Size
1,392 SF
Total Parking Spaces
9
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1985
Listing Agency:
RE/MAX FIRST REALTY,INC.
(732) 257-3500
Listed By:
KAREN SCARPA · License #8838475
(833) 740-1234
Source:
Actionplusrealty
Added: Jun 21
Changed: Aug 24
Last Checked: Aug 26 at 9:46AM
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 RE/MAX FIRST REALTY,INC.
Investment Insights
Based on property information with market context.
This updated commercial office building offers flexible workspace designed for a variety of professional uses. The interior includes two private offices, a spacious conference room, an open area currently set up with cubicles, and two half bathrooms. A kitchenette is provided with a refrigerator, sink, and countertop.
The building features a stucco and stone exterior and sits in a highly visible position on a busy road. Nine dedicated parking spaces are available for employees and clients, and the property includes a ramp for handicap accessibility.
The current layout provides space that can support different workplace configurations while maintaining private office and meeting space. The overall presentation is move-in ready, with an emphasis on abundant natural light throughout the work areas.
The building features a stucco and stone exterior and sits in a highly visible position on a busy road. Nine dedicated parking spaces are available for employees and clients, and the property includes a ramp for handicap accessibility.
The current layout provides space that can support different workplace configurations while maintaining private office and meeting space. The overall presentation is move-in ready, with an emphasis on abundant natural light throughout the work areas.
Key Highlights
- Commercial office building built in 1985 with approximately 1,400 SF of flexible workspace
- Interior includes two private offices, a spacious conference room, and an open area currently set up for 11 cubicles
- Two half bathrooms plus a kitchenette with refrigerator, sink, and countertop
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
$21,298
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
3.28%
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%
$425,960
$426.0K
Cap Rate 7%
$304,257
$304.3K
Cap Rate 9%
$236,644
$236.6K
Market Conditions
NOI Build-Up for 1,392 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
$41.8K $30.00/SF
− Vacancy
−$13.4K −$9.60/SF
EGI
$28.4K $20.40/SF
− OpEx
−$7.1K −$5.10/SF
NOI
$21.3K $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%
$425,960
Cap Rate 7%
$304,257
Cap Rate 9%
$236,644
Alternative Uses
Best Use
Office B
$304.3K
$266.2K – $355.0K
NOI $21,298 @ 7.0% cap · market cap 3.28%
Second Best
Healthcare Medical
$296.1K
$259.1K – $345.4K
NOI $20,726 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$363.5K
$318.1K – $424.1K
NOI $25,444 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Bright office building with two private offices, a conference room, kitchenette, and nine dedicated parking spaces.
Where is this office building located?
The property is located at 320 Spotswood Englishtown Road Monroe, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Commercial office building built in 1985 with approximately 1,400 SF of flexible workspace; Interior includes two private offices, a spacious conference room, and an open area currently set up for 11 cubicles; Two half bathrooms plus a kitchenette with refrigerator, sink, and countertop
