Corner Lot Mixed-Use
For Sale
$775,000
375 Spotswood Englishtown Road, Monroe, NJ 08831
3,600 sq ft residence with commercial space and parking.
Property Size3,608 SF
Price / SF$214.80
Days on Market523
Property Features for 375 Spotswood Englishtown Road
General Information
Standard status
Active
Size
3,608 SF
Taxes and HOA fees
Annual Taxes
$12,838
Building Details
Year Built
1978
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
DANIELLE MCSHANE
Source:
Corcoran
Added: May 15, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This 3,600 sq. ft. corner lot property features a blend of residential comfort and commercial potential. The residence includes 4 bedrooms, 2 full baths, and 2 half baths. The expansive den features a fireplace and skylight. The eat-in kitchen is designed for casual dining. A walk-in attic offers storage solutions. The fenced yard provides privacy and security, complemented by a deck for outdoor entertaining and a shed for additional storage. Landscaping enhances the property's charm, with a sprinkler system for maintenance. Attached to the home is a renovated commercial space currently operating as a barber shop, featuring its own bathroom and a private entrance from a connecting street. This space can be rezoned and utilized for another business venture. A dedicated parking lot serves both residential and commercial needs. The property is located on Spotswood Englishtown Road in Monroe, NJ.
Key Highlights
- Attached, newly renovated commercial space with separate entrance, bathroom, and dedicated parking.
- Spacious 3,600 sq. ft. residence with 4 bedrooms, 2 full baths, and 2 half baths.
- Desirable corner lot location with beautifully lit landscaping, sprinkler system, and great curb appeal.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,484
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,109,680
$1.1M
Cap Rate 7%
$792,629
$792.6K
Cap Rate 9%
$616,489
$616.5K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$108.2K $30.00/SF
− Vacancy
−$7.4K −$2.04/SF
EGI
$100.9K $27.96/SF
− OpEx
−$45.4K −$12.58/SF
NOI
$55.5K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,109,680
Cap Rate 7%
$792,629
Cap Rate 9%
$616,489
Alternative Uses
Best Use
Apartment 5plus
$792.6K
$693.6K – $924.7K
NOI $55,484 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$735.7K
$643.7K – $858.3K
NOI $51,498 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$942.1K
$824.4K – $1.10M
NOI $65,948 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
156
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 3,600 sq ft residence with commercial space and parking.
Where is this mixed-use property located?
The property is located at 375 Spotswood Englishtown Road Monroe, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Attached, newly renovated commercial space with separate entrance, bathroom, and dedicated parking.; Spacious 3,600 sq. ft. residence with 4 bedrooms, 2 full baths, and 2 half baths.; Desirable corner lot location with beautifully lit landscaping, sprinkler system, and great curb appeal.
