Medical Office and Showroom
For Sale
$850,000
333 Spotswood Englishtown Road, Monroe, NJ 08831
One-level building with reception, waiting, exam room, showroom, and flexible office space plus on-site parking.
Property Size2,505 SF
Price / SF$339.32
Days on Market120
Property Features for 333 Spotswood Englishtown Road
General Information
Standard status
Active
Size
2,505 SF
Property subtype
Commercial
Building Details
Stories
1
Listing Agency:
RE/MAX FIRST REALTY,INC.
Listed By:
KAREN SCARPA
(833) 740-1234
Source:
Actionplusrealty
Added: May 11
Changed: Sep 6
Last Checked: Sep 7 at 11:52AM
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.
Well-maintained commercial building with attractive stucco and stone curb appeal. The property features a one-level interior layout that includes an inviting reception area, comfortable waiting room, exam room, spacious showroom, and flexible office space. Recent interior updates include fresh paint, newer carpeting, and recessed lighting, creating a clean, professional environment for immediate occupancy.
Located at 333 Spotswood Englishtown Road, the property is positioned for high visibility and offers convenient building access with front and rear entrances. Wheelchair accessibility is provided via a handicap ramp, and the site includes abundant on-site parking.
A partially finished full basement is also available, providing additional storage and potential workspace. This versatile configuration supports a range of professional and service-oriented uses.
Located at 333 Spotswood Englishtown Road, the property is positioned for high visibility and offers convenient building access with front and rear entrances. Wheelchair accessibility is provided via a handicap ramp, and the site includes abundant on-site parking.
A partially finished full basement is also available, providing additional storage and potential workspace. This versatile configuration supports a range of professional and service-oriented uses.
Key Highlights
- Over 2,500 SF one‑level commercial building with reception, waiting room, exam room, showroom, and flexible office space
- Recessed lighting throughout plus newer carpeting and freshly painted interior
- Front and rear entrances and handicap ramp for wheelchair accessibility
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
$38,327
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
4.51%
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%
$766,540
$766.5K
Cap Rate 7%
$547,529
$547.5K
Cap Rate 9%
$425,856
$425.9K
Market Conditions
NOI Build-Up for 2,505 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
$75.2K $30.00/SF
− Vacancy
−$24.0K −$9.60/SF
EGI
$51.1K $20.40/SF
− OpEx
−$12.8K −$5.10/SF
NOI
$38.3K $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%
$766,540
Cap Rate 7%
$547,529
Cap Rate 9%
$425,856
Alternative Uses
Best Use
Office B
$547.5K
$479.1K – $638.8K
NOI $38,327 @ 7.0% cap · market cap 4.51%
Second Best
Healthcare Medical
$532.8K
$466.2K – $621.6K
NOI $37,298 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$654.1K
$572.3K – $763.1K
NOI $45,787 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - One-level building with reception, waiting, exam room, showroom, and flexible office space plus on-site parking.
Where is this medical office space located?
The property is located at 333 Spotswood Englishtown Road Monroe, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Over 2,500 SF one‑level commercial building with reception, waiting room, exam room, showroom, and flexible office space; Recessed lighting throughout plus newer carpeting and freshly painted interior; Front and rear entrances and handicap ramp for wheelchair accessibility
