Assisted Living Facility With Safety
For Sale
$1,400,000
600 Central Ave Unit 04, Plainfield, NJ 07060
Three-level residential care property with furnished living areas, bedrooms, kitchens, and comprehensive life-safety equipment.
Property Size4,588 SF
Price / SF$305.14
Days on Market205
Property Features for 600 Central Ave Unit 04
General Information
Standard status
Active
Size
4,588 SF
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
comprehensive alarm system
interior and exterior video surveillance
fire extinguishers
smoke and carbon monoxide detectors
Building Details
Year Built
1900
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
Listed By:
SONNIA D. MAYORGA
(732) 549-1998
Source:
Luminancerealty
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 16 at 1:47PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,588-square-foot residential health care facility was built in 1900 and is currently operating as an assisted living property. The three-level layout includes 12 beds, five bathrooms, a kitchen, living room, dining room, and additional kitchen space. The first floor contains two beds and two baths; the second floor has six beds and two baths; and the third floor provides four beds and one bath.
Safety infrastructure includes an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors serving the building, including the basement. The roof is approximately 2 years old, and the boiler is approximately 1 year old. The property is zoned R-4 and sits near Route 22, with access to Routes 287 and 78. Sale is on an as-is basis, with no repairs or credits from the seller.
Safety infrastructure includes an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors serving the building, including the basement. The roof is approximately 2 years old, and the boiler is approximately 1 year old. The property is zoned R-4 and sits near Route 22, with access to Routes 287 and 78. Sale is on an as-is basis, with no repairs or credits from the seller.
Key Highlights
- Currently operating residential health care facility with 12 beds
- 4,588 SF building constructed in 1900
- Three‑level layout includes 12 beds, five baths, kitchen, living room, and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,988
Cap Rate
4.07%
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 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,861 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
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 - Three-level residential care property with furnished living areas, bedrooms, kitchens, and comprehensive life-safety equipment.
Where is this assisted living facility located?
The property is located at 600 Central Ave Unit 04 Plainfield, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Currently operating residential health care facility with 12 beds; 4,588 SF building constructed in 1900; Three‑level layout includes 12 beds, five baths, kitchen, living room, and dining room
