Corner Retail
504 Monmouth Road #7, Millstone, NJ 08510
For Sale
Contact for pricing
Two-sided windows bring natural light into the unit, with parking available at the center.
Property Size9,300 SF
Price / SF$0.28
Days on Market83
Property Features for 504 Monmouth Road #7
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Keller Williams Realty West Monmouth
Listed By:
Melina Bradley · License #1970479
(732) 536-9010
Source:
Defelicerealtygroup
Added: Aug 18
Changed: Nov 7
Last Checked: Nov 7 at 1:29PM
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 Keller Williams Realty West Monmouth
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Investment Insights
Based on property information with market context.
This retail suite contains just over 1,100 square feet and sits at a corner of a strip center built in 1999. Windows along two sides provide natural light. The center is described as well maintained and under new ownership.
The property is on Monmouth Road in Millstone, near Dunkin' and Gulf Gas Station. The remarks identify retail, salon, nail studio, esthetics, and other professional uses as options for the space. Parking is available at the center.
The property is on Monmouth Road in Millstone, near Dunkin' and Gulf Gas Station. The remarks identify retail, salon, nail studio, esthetics, and other professional uses as options for the space. Parking is available at the center.
Key Highlights
- Just over 1,100 square feet in a corner suite
- Windows on two sides provide natural light
- Strip center built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,742
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,654,840
$2.7M
Cap Rate 7%
$1,896,314
$1.9M
Cap Rate 9%
$1,474,911
$1.5M
Market Conditions
NOI Build-Up for 9,300 SF
Gross rent
$200.9K $21.60/SF
− Vacancy
−$11.2K −$1.21/SF
EGI
$189.6K $20.39/SF
− OpEx
−$56.9K −$6.12/SF
NOI
$132.7K $14.27/SF
Area
Somerset County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,654,840
Cap Rate 7%
$1,896,314
Cap Rate 9%
$1,474,911
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.21M
NOI $132,742 @ 7.0% cap · market cap 5,056.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,989 @ 7.0% cap · market cap 6,475.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 08510, NJ
5,101
Population
1,891
Households
2.7
Avg Household Size
45
Median Age
62%
College-Educated
95%
High-School Grad
17.7 sq mi
ZIP Area
288
Density / Sq Mi
$201,875
Median Household Income
$61,711
Median Earnings
$645,200
Median Home Value
Market
Average Price Trend$/SF for Retail space in Somerset County, NJ
Properties on Market for Retail space in Somerset County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Two-sided windows bring natural light into the unit, with parking available at the center.
Where is this retail space located?
The property is located at 504 Monmouth Road #7 Millstone, NJ.
What are key features of this property?
This property features: Just over 1,100 square feet in a corner suite; Windows on two sides provide natural light; Strip center built in 1999
