Updated Medical Office
320 Spotswood Englishtown Road Monroe, NJ 08831
320 Spotswood Englishtown Road, Monroe, NJ, 08831
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For Sale
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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 Market9
Property Features for 320 Spotswood Englishtown Road
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1985
Listing Agency
RE/MAX FIRST REALTY, INC.
Listed by
KAREN SCARPA
Source
Crexi
Added: Jul 9 Checked: Jul 16 at 6:42 am
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $30.00 |
| − Vacancy | −$13.4k | −$9.60 |
| EGI | $28.4k | $20.40 |
| − OpEx | −$7.1k | −$5.10 |
| NOI | $21.3k | $15.30 |
1,392 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Monroe Comprehensive Medical ...
Alternative Medicine Practice
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FAQs
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
