Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Route 33 Title is generated by Realmo AI

    402 Market St, Monroe Township, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use development with retail and residential units on Route 33.

    Type:LAND
    Property size:
    59 SF
    Lot size:
    3.38 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    232
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 402 Market St

    General Information

    Standard status
    Active
    Size
    59 SF
    Lot size
    3.38 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 402 Market St Contact us

    We can help!

    Listing Contact
    Gregg Medvin
    Gregg Medvin

    Listing agent Gregg Medvin

    Listing office Pierson Commercial Real Estate

    Listing date Oct 2, 2025

    Source Moodyscre

    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 Pierson Commercial Real Estate

    HighLights

    • Mixed‑use development featuring townhomes, residential units, and retail space along Route 33.
    • Excellent location with quick access to New Jersey Turnpike, Route 133, and Route 130.
    • Benefit from the high median income ($118,000 within 3 miles) and large daytime population (72,000 within 5 miles).
    • Retail building with up to 6,189 SF available.
    • Pad development available adjacent to Taco Bell.
    • Surrounded by national/regional retailers, schools, office complexes, logistics centers, and pharmaceutical companies.

    Overview

    This mixed-use development is located along the Route 33 corridor and includes approximately 186 townhomes and 48 residential units. The retail building offers up to 6,189 square feet of available space within an approximate 11,000 square foot building, along with one pad development available adjacent to Taco Bell. Route 33 provides access to the New Jersey Turnpike, Route 133, and Route 130. The area has median income levels of approximately $118,000 within a 3-mile radius. The daytime population density is approximately 72,000 within a 5-mile radius, due to the addition of warehousing in the market. The location benefits from strong residential growth and is surrounded by national and regional retailers, public and private schools, office complexes, logistics centers, and pharmaceutical companies.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.433
    Latitude
    40.3364

    Nearby Similar for Lease

    • $2,950/Mo

      Retail/Office Space in Shopping Center

      1,530 SF retail/office space in Glen at Cranbury.
      393 DAVIDSONS MILL Road, MONROE TOWNSHIP, NJ 08831
      View Details
    • $3,060/Mo
      1,530 SF

      Retail/Office Space in Shopping Center

      1,530 SF retail/office space available for lease.
      393 Davidsons Mill Rd, MONROE TOWNSHIP, NJ 08831
      View Details
    • Contact for pricing
      165,458 SF

      Industrial Space Near NJ Turnpike

      165,458 SF industrial space with convenient highway access.
      17 S Middlesex Ave, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      1,290,000 SF

      Monroe Township Industrial Space

      1,290,000 SF industrial space available for lease.
      33 State Rte-Building A, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      218,088 SF

      Warehouse Space Near Turnpike Exit

      218,088 SF warehouse with immediate highway access.
      2 South Middlesex Avenue, Monroe Township, NJ, 08831
      View Details
    • Contact for pricing
      6,189 SF

      Retail Space in Mixed-Use Development

      Retail space available in mixed-use development along Route 33.
      200 Joan Warren Way, Monroe Township, NJ
      View Details
    • Contact for pricing
      9,000 SF

      Williamstown Warehouse Space Available

      9,000 SF warehouse unit with loading dock and drive-in door.
      1041 Glassboro Rd, Williamstown, NJ
      View Details
    • Contact for pricing
      7,635 SF

      Monroe Township Office Space Available

      7,635 SF office space available for rent immediately.
      298 Applegarth Rd, Monroe Township, NJ
      View Details
    • Contact for pricing

      Monroe Township Warehouse Space

      1,281,000 SF warehouse space available for lease.
      904 Cranbury - South River Road, Monroe Township, NJ, 08831
      View Details
    • Contact for pricing
      1,734 SF

      Medical Space Available for Rent

      Pre-built medical space available immediately in Monroe Township, NJ.
      294 Applegarth Rd, Monroe Township, NJ
      View Details
    • Contact for pricing
      409,916 SF

      Industrial Space Available For Lease

      409,916 SF industrial space available for lease.
      265 Rhode Hall Rd, Monroe Township, NJ
      View Details
    • Contact for pricing
      400,000 SF

      Industrial Warehouse Space For Lease

      400,000 square foot logistics facility near NJ Turnpike.
      201 Middlesex Center Blvd, Monroe Township, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Mixed-use development with retail and residential units on Route 33.
    Where is this retail space located?
    The property is located at 402 Market St Monroe Township, NJ.
    What are key features of this property?
    This property features: Mixed‑use development featuring townhomes, residential units, and retail space along Route 33.; Excellent location with quick access to New Jersey Turnpike, Route 133, and Route 130.; Benefit from the high median income ($118,000 within 3 miles) and large daytime population (72,000 within 5 miles).
    (732) 707-6900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gregg Medvin
    Gregg Medvin
    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

    Thank You for Inquiry
    402 Market St, Monroe Township, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!