Assisted Living Facility with Safety
New
For Sale
$1,200,000
600 Central Ave, Plainfield, NJ 07060
The sale includes the operating residential care business and its license.
Property Size4,588 SF
Price / SF$261.55
Days on Market3
Property Features for 600 Central Ave
General Information
Standard status
Active
Size
4,588 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$15,620
Amenities
comprehensive alarm system
interior and exterior video surveillance
fire extinguishers
smoke and carbon monoxide detectors
Central air
Asphalt Shingle Roof
1 Car Width
1 Unit Cooling
1 Unit Heating
Blacktop Driveway
Central Air Cooling
Hard Surface
Level Lot
Parking Lot-Exclusive
Radiators - Hot Water Heating
Wall A/C Unit(s) Cooling
Building Details
Year Built
1900
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed By:
SONNIA D. MAYORGA
(732) 208-3890
Source:
Corcoran
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:10AM
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 ELITE REALTORS
Investment Insights
Based on property information with market context.
Built in 1900, this 4,588-square-foot assisted living property is currently operating as a residential health care facility. The sale includes the real estate, business, and license. Its three-story layout places two bedrooms, two bathrooms, a kitchen, living room, and dining room on the first floor; six bedrooms and two bathrooms on the second; and four bedrooms with one bathroom on the third. A roof installed two years ago and a boiler installed one year ago are among the building updates.
Safety and security equipment is installed across the building, including the basement. Features include an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors.
The property is minutes from Route 22, with access to Routes 287, 78, and 22. Local shops, restaurants, and everyday services are nearby.
Safety and security equipment is installed across the building, including the basement. Features include an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors.
The property is minutes from Route 22, with access to Routes 287, 78, and 22. Local shops, restaurants, and everyday services are nearby.
Key Highlights
- Operating residential health care facility; real estate, business, and license included
- 4,588‑square‑foot building constructed in 1900
- First floor: 2 beds, 2 baths, kitchen, living room, and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,988
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,760
$1.1M
Cap Rate 7%
$814,114
$814.1K
Cap Rate 9%
$633,200
$633.2K
Market Conditions
NOI Build-Up for 4,588 SF
Gross rent
$110.1K $24.00/SF
− Vacancy
−$6.5K −$1.42/SF
EGI
$103.6K $22.58/SF
− OpEx
−$46.6K −$10.16/SF
NOI
$57.0K $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%
$1,139,760
Cap Rate 7%
$814,114
Cap Rate 9%
$633,200
Alternative Uses
Best Use
Apartment 5plus
$814.1K
$712.4K – $949.8K
NOI $56,988 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,861 @ 7.0% cap · market cap 6.99%
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
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- 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 residential care business and its license.
Where is this assisted living facility located?
The property is located at 600 Central Ave Plainfield, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Operating residential health care facility; real estate, business, and license included; 4,588‑square‑foot building constructed in 1900; First floor: 2 beds, 2 baths, kitchen, living room, and dining room
