Assisted Living Facility with Safety
For Sale
$1,200,000
600 Central Avenue Unit 4, Plainfield, NJ 07060
The sale includes the operating business, facility license, and a three-level residential care layout.
Property Size4,588 SF
Price / SF$261.55
Days on Market8
Property Features for 600 Central Avenue Unit 4
General Information
Standard status
Active
Size
4,588 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
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
Tenancy
Single
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
Listed By:
SONNIA D. MAYORGA
(732) 549-1998
Source:
Actionplusrealty
Added: Oct 10
Changed: Oct 16
Last Checked: Oct 16 at 9:21AM
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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Investment Insights
Based on property information with market context.
This 4,588-square-foot assisted living facility is offered with its operating business and license. The three-level building has 12 bedrooms and five bathrooms: the first floor includes two bedrooms, two bathrooms, a kitchen, living room, and dining room; the second has six bedrooms and two bathrooms; and the third has four bedrooms and one bathroom. Safety features include an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors. The roof was replaced two years ago, and the boiler was replaced one year ago.
The property is in Plainfield, with access to Routes 22, 287, and 78. Local shops, dining, and everyday services are nearby.
The property is in Plainfield, with access to Routes 22, 287, and 78. Local shops, dining, and everyday services are nearby.
Key Highlights
- Sale includes real estate, an operating residential health care business, and its license
- 4,588 square feet across three levels, with 12 bedrooms and five bathrooms
- First floor has 2 bedrooms, 2 bathrooms, a 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
Single-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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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 business, facility license, and a three-level residential care layout.
Where is this assisted living facility located?
The property is located at 600 Central Avenue Unit 4 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: Sale includes real estate, an operating residential health care business, and its license; 4,588 square feet across three levels, with 12 bedrooms and five bathrooms; First floor has 2 bedrooms, 2 bathrooms, a kitchen, living room, and dining room
