Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    353 Main Street Spotswood, NJ 08884

    View on Map
    Claim this Listing
    For Sale
    $540,000

    MULTI_FAMILY - Spotswood, NJ

    Property size:
    1,615 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $334/SF
    Added:
    Nov 13, 2025
    Days on Market:
    163
    Last Refresh:
    Apr 25 at 8:06 pm

    Property Features for 353 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    GC
    Bathrooms
    1
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    14
    Interior features
    Paneling
    Standard status
    Active
    APN
    2400108000000035
    Size
    1,615 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    12161

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1933
    Floors in Building
    3
    Flooring type
    Paneling, Carpet, Tile - Ceramic, Wood
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Anil Sharma

    Listing agent Anil Sharma

    Listing office MID-STATE REALTY 391 SPOTSWD-ENGLISHTWN RD ST 1, Monroe Township, NJ

    Listing date Nov 13, 2025

    MLS# 2607520R

    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.

    Overview

    Spotswood Income-Generating Commercial Property

    This well-kept, centrally located income-generating property is situated in the heart of the Spotswood business district. The main level features two offices, totaling approximately 450 square feet, currently owner-occupied by an attorney. The lower level includes a reception area, a half bath, and a large office, currently tenant-occupied by a realtor. The top floor offers two offices, totaling 500 square feet, along with a half bath and pantry area; these are currently vacant and present potential for additional income. The building includes 14 parking spaces. The property is located minutes from Route 18. The lot size is 0.2295 acres. The property size is 1615 square feet. The zoning is GC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Pragati ... Law Firm Absolute Estate Sales ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spotswood
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3849626
    Latitude
    40.3957938

    Nearby Similar for Sale

    • $1,600
      19,188 SF

      Retail Space in Spotswood Center

      Retail space available in high-demand Spotswood shopping center.
      491 Manalapan Road, Spotswood, NJ 08884
      View Details
    • $1,400
      1,615 SF

      Spotswood Office Building For Sale

      Two-unit commercial office building in the heart of Spotswood.
      353 Main Street, Spotswood, NJ 08884
      View Details
    • $1,100,000
      3,147 SF

      Spotswood Multifamily Investment Opportunity

      Five units with potential for a sixth in Spotswood, NJ.
      549 Main Street, Spotswood, NJ 08884
      View Details

    FAQs

    What type of property is this?
    Office building - Centrally located Spotswood commercial property with income potential.
    Where is this office building located?
    The property is located at 353 Main Street Spotswood, NJ.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: Income‑generating property in a central Spotswood business district location.; 14 parking spaces included.; Minutes from Route 18.
    (732) 251-8900
    We can help!
    Listing Contact
    Anil Sharma
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!