Professional Office
For Sale
$575,000
438 Main Street, Spotswood, NJ 08884
One-level office property with private offices, conference space, client reception, storage, and on-site parking.
Property Size1,284 SF
Price / SF$447.82
Days on Market123
Property Features for 438 Main Street
General Information
Standard status
Active
Size
1,284 SF
Property subtype
Commercial
Building Details
Year Built
1959
Listing Agency:
RE/MAX 1st ADVANTAGE
Listed By:
ROBERT DEKANSKI · License #232901
(732) 827-5344
Source:
Actionplusrealty
Added: Jun 7
Changed: Oct 6
Last Checked: Oct 7 at 2:16PM
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 1st ADVANTAGE
Investment Insights
Based on property information with market context.
This one-level office building is configured for professional operations, with a reception area, waiting area, conference room, three private offices, kitchenette, and two half bathrooms. Hardwood flooring, recessed lighting, shadow box molding, neutral finishes, central air conditioning, and forced hot air contribute to a finished workplace environment. A full unfinished basement and pull-down attic access provide additional storage capacity.
The property includes a private parking lot accommodating 10+ vehicles, a freestanding business sign, and an ADA-accessible ramp. The building is currently operating as a professional law office and is located at 438 Main St in Spotswood, NJ, near public transportation, shopping, dining, and other local amenities.
The property includes a private parking lot accommodating 10+ vehicles, a freestanding business sign, and an ADA-accessible ramp. The building is currently operating as a professional law office and is located at 438 Main St in Spotswood, NJ, near public transportation, shopping, dining, and other local amenities.
Key Highlights
- Three private offices plus reception, waiting, and conference areas
- Private on‑site parking lot accommodating 10+ vehicles
- Full unfinished basement and pull‑down attic access for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,645
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,900
$392.9K
Cap Rate 7%
$280,643
$280.6K
Cap Rate 9%
$218,278
$218.3K
Market Conditions
NOI Build-Up for 1,284 SF
Gross rent
$38.5K $30.00/SF
− Vacancy
−$12.3K −$9.60/SF
EGI
$26.2K $20.40/SF
− OpEx
−$6.5K −$5.10/SF
NOI
$19.6K $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 Rate 5%
$392,900
Cap Rate 7%
$280,643
Cap Rate 9%
$218,278
Alternative Uses
Best Use
Office B
$280.6K
$245.6K – $327.4K
NOI $19,645 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.3K
$293.4K – $391.2K
NOI $23,469 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 08884, NJ
8,185
Population
3,318
Households
2.5
Avg Household Size
45
Median Age
34%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
3,559
Density / Sq Mi
$101,125
Median Household Income
$57,834
Median Earnings
$1,097
Median Rent
$358,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - One-level office property with private offices, conference space, client reception, storage, and on-site parking.
Where is this office building located?
The property is located at 438 Main Street Spotswood, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three private offices plus reception, waiting, and conference areas; Private on‑site parking lot accommodating 10+ vehicles; Full unfinished basement and pull‑down attic access for storage
