Medical Office
For Sale
$850,000
333 Spotswood Englishtown Road, Monroe, NJ 08831
COMMERCIAL - Monroe, NJ
Property Size2,505 SF
Lot Size0.28 Acres
Price / SF$339.32
Days on Market48
Property Features for 333 Spotswood Englishtown Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Parking
16
Parking features
Garage
Interior features
Lighting Fixtures
Lot features
Corner Lot, Level
Directions
Main St Spotswood Or Texas Rd To Spotswood Englishtown Rd.
Standard status
Active
APN
1200163000000001
Size
2,505 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10507
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Lighting fixtures, Carpet, Tile - Ceramic
Building materials
Brick, 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 8
Changed: Aug 4
Last Checked: Aug 24 at 3:06AM
MLS# 2770005M
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.
Well-maintained medical or professional office building with an accommodating one-level layout. The interior includes a reception area, waiting room, exam room, spacious showroom, and flexible office space. Improvements include freshly painted finishes, newer carpeting, and recessed lighting throughout.
The property features front and rear entrances and wheelchair accessibility via a handicap ramp, along with abundant on-site parking. A partially finished full basement provides additional storage or workspace potential. Exterior curb appeal is described as stucco and stone, and the building is offered in NC zoning in Monroe, NJ at 333 Spotswood Englishtown Road.
The property features front and rear entrances and wheelchair accessibility via a handicap ramp, along with abundant on-site parking. A partially finished full basement provides additional storage or workspace potential. Exterior curb appeal is described as stucco and stone, and the building is offered in NC zoning in Monroe, NJ at 333 Spotswood Englishtown Road.
Key Highlights
- Commercial building with ~2,500+ SF on one level, with a reception area, waiting room, exam room, showroom, and flexible office space
- Freshly painted interior with newer carpeting and recessed lighting, plus lighting fixtures throughout
- Front and rear entrances and wheelchair accessibility via a handicap ramp
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
165
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 - Turnkey one-level suite with reception, waiting room, exam room, showroom, offices, and accessible ramp plus parking.
Where is this office building 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: Commercial building with ~2,500+ SF on one level, with a reception area, waiting room, exam room, showroom, and flexible office space; Freshly painted interior with newer carpeting and recessed lighting, plus lighting fixtures throughout; Front and rear entrances and wheelchair accessibility via a handicap ramp
