Assisted Living Facility with Safety
New
For Sale
$1,300,000
518 Central Avenue, Plainfield, NJ 07060
Commercial Sale, Plainfield, NJ
Property Size6,144 SF
Lot Size0.23 Acres
Price / SF$211.59
Days on Market2
Property Features for 518 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-4
Parking
1
Parking features
On Street
Interior features
Appliances, Fixtures
Appliances
Appliances
Lot features
Level
Directions
GPS TO 520 Central Ave Plainfield NJ 07060
Standard status
Active
APN
1200708000000006
Size
6,144 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17773
Utilities
Sewer type
Public Sewer
Heating system
Steam, Other (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
comprehensive alarm system
interior and exterior video surveillance
fire extinguishers
smoke and carbon monoxide detectors
Building Details
Year built
1900
Floors in Building
3
Flooring type
Wood, Laminate, Tile
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
(732) 549-1998
Listed By:
Sonnia Mayorga
(732) 208-3890
Added: Oct 13
Last Checked: Oct 14 at 6:06PM
MLS# 2706180R
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.
Investment Insights
Based on property information with market context.
This 6,144-square-foot assisted living property includes the operating business and license. Its 0.2324-acre site contains a three-level building with a first-floor kitchen, living room, dining room, two bedrooms, one bath, and a staff room. The second floor has six beds and two baths; the third has six beds and one bath. Safety provisions include an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors. R-4 zoning is identified for the property.
The Plainfield property is minutes from Route 22, with access to Routes 287 and 78. Shops, restaurants, and everyday services are nearby. The building was constructed in 1900 and has public water and public sewer.
The Plainfield property is minutes from Route 22, with access to Routes 287 and 78. Shops, restaurants, and everyday services are nearby. The building was constructed in 1900 and has public water and public sewer.
Key Highlights
- 6,144 square feet on a 0.2324‑acre lot
- Sale includes the operating residential health care business and license
- First floor has 2 bedrooms, 1 bath, a staff room, living room, dining room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,316
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,320
$1.5M
Cap Rate 7%
$1,090,229
$1.1M
Cap Rate 9%
$847,956
$848.0K
Market Conditions
NOI Build-Up for 6,144 SF
Gross rent
$147.5K $24.00/SF
− Vacancy
−$8.7K −$1.42/SF
EGI
$138.8K $22.58/SF
− OpEx
−$62.4K −$10.16/SF
NOI
$76.3K $12.42/SF
Area
Somerset County, NJ
Vacancy
5.90%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,320
Cap Rate 7%
$1,090,229
Cap Rate 9%
$847,956
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,316 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,302 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,936
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07060, NJ
48,423
Population
16,154
Households
3
Avg Household Size
35
Median Age
22%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
9,685
Density / Sq Mi
$72,882
Median Household Income
$32,867
Median Earnings
$1,629
Median Rent
$369,400
Median Home Value
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Similar Off Market Nearby
- Shirlynn House — 1275 Arlington Ave, Plainfield, NJ 07060
- Plainfield Tower West — 601 W 7th St, Plainfield, NJ 07060
- Advocate Group Care — 602 Central Ave, Plainfield, NJ 07060
Frequently Asked Questions
What type of property is this?
Assisted living facility - The sale includes the operating care business and its license, with a multi-floor residential layout.
Where is this assisted living facility located?
The property is located at 518 Central Avenue Plainfield, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,144 square feet on a 0.2324‑acre lot; Sale includes the operating residential health care business and license; First floor has 2 bedrooms, 1 bath, a staff room, living room, dining room, and kitchen
