Updated Medical Office
For Sale
$650,000
320 Spotswood Englishtown Road, Monroe, NJ 08831
COMMERCIAL - Monroe, NJ
Property Size1,392 SF
Lot Size0.23 Acres
Price / SF$466.95
Days on Market54
Property Features for 320 Spotswood Englishtown Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Parking
9
Parking features
Garage
Interior features
Carpeting
Lot features
Corner Lot, Level, Near Public Transit
Standard status
Active
APN
1200150000000001
Size
1,392 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8510
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
kitchenette
conference room
handicap accessible
Building Details
Year built
1985
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet
Building materials
Stucco, Vinyl Siding
Roof type
Asphalt
Listing Agency:
RE/MAX FIRST REALTY, INC. · RE/MAX International
(732) 257-3500
Listed By:
Karen Scarpa · License #8838475
(732) 257-3500
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 29 at 12:06AM
MLS# 2770004M
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 updated commercial office building offers a flexible interior layout designed for a range of professional uses. The space includes two private offices, a spacious conference room, an open area currently configured with 11 cubicles, and two half bathrooms. A kitchenette with a refrigerator, sink, and countertop supports everyday break and work needs, and the interior is described as bright and move-in ready.
The property is located on a busy road with high visibility and is presented with a stucco and stone exterior. Exterior amenities include nine dedicated parking spaces and a ramp providing handicap accessibility.
With its combination of private work areas, meeting space, and an open layout, the building is suited to organizations seeking a turnkey office environment with on-site parking.
The property is located on a busy road with high visibility and is presented with a stucco and stone exterior. Exterior amenities include nine dedicated parking spaces and a ramp providing handicap accessibility.
With its combination of private work areas, meeting space, and an open layout, the building is suited to organizations seeking a turnkey office environment with on-site parking.
Key Highlights
- Commercial office building with nearly 1,400 SF of flexible workspace
- Interior layout includes two private offices, a spacious conference room, and an open area currently set up for 11 cubicles
- Two half bathrooms plus 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
Yes
Paved road access
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 - Updated office building with private offices, 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 with nearly 1,400 SF of flexible workspace; Interior layout includes two private offices, a spacious conference room, and an open area currently set up for 11 cubicles; Two half bathrooms plus kitchenette with refrigerator, sink, and countertop
