Subdividable Mini-Warehouse Flex
For Sale
Contact for pricing
7-b Union Hill Road 1-4 Monroe, Monroe Township, NJ 08831
Under construction mini-warehouse facility offers subdividable units with offices, bathrooms, and drive-in access.
Property Size28,000 SF
Price / SF$0.20
Days on Market105
Property Features for 7-b Union Hill Road 1-4 Monroe
General Information
Standard status
Active
Size
28,000 SF
Total Parking Spaces
32
Zoning
NC
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
8
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$53,760
Amenities
Concrete,Dropped Ceiling,Lighting Fixtures,Unfinished Interior
8
true
1
Dropped Ceiling,Lighting Fixtures,Unfinished Interior
Industrial Park
Private,Well
32
0.00 x 0.00
Parking Lot,On Site,Paved
28000
Building Details
Building Size
28,000 SF
Year Built
2025
Stories
1
Listed By:
Steven Bonavita · License #1429895
(732) 991-3166
Source:
Sbonavita.remax
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 7 at 9:31AM
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 Steven Bonavita
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Investment Insights
Based on property information with market context.
Under construction for delivery starting June 2026, this mini-warehouse/flex facility will include two 14,000-square-foot buildings that can be subdivided into 3,500-square-foot units. Each unit is equipped with two bathrooms, a mix of three-phase 120/220V electrical service with 200-amp capacity, and 336 square feet of office space with a window. Units also feature a separate entrance, utility meters, a 20-foot clear height, and a 10' x 14' drive-in door.
The property includes generous parking with 65 spaces. It is located in Central New Jersey, about 10 minutes from Exit 8A of the New Jersey Turnpike, providing convenient access to Manalapan and the New Jersey Shore to the east, as well as Edison and New Brunswick to the north. Showings are available by appointment only, and access is restricted while construction is in progress.
Unit layouts can be customized to meet specific tenant needs, with the space designed to support a range of trades and light industrial uses, including electrical, HVAC, and plumbing contractors, as well as cabinet makers, woodworkers, printers, and machine shops.
The property includes generous parking with 65 spaces. It is located in Central New Jersey, about 10 minutes from Exit 8A of the New Jersey Turnpike, providing convenient access to Manalapan and the New Jersey Shore to the east, as well as Edison and New Brunswick to the north. Showings are available by appointment only, and access is restricted while construction is in progress.
Unit layouts can be customized to meet specific tenant needs, with the space designed to support a range of trades and light industrial uses, including electrical, HVAC, and plumbing contractors, as well as cabinet makers, woodworkers, printers, and machine shops.
Key Highlights
- Under construction for delivery starting June 2026: 28,000 SF mini‑warehouse in two 14,000 SF buildings
- Buildings can be subdivided into 3,500 SF units for flexible tenant sizing
- Each 3,500 SF unit includes two bathrooms, 336 SF office space with a window, and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,279
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,285,580
$6.3M
Cap Rate 7%
$4,489,700
$4.5M
Cap Rate 9%
$3,491,989
$3.5M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$477.1K $17.04/SF
− Vacancy
−$28.2K −$1.01/SF
EGI
$449.0K $16.03/SF
− OpEx
−$134.7K −$4.81/SF
NOI
$314.3K $11.22/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,285,580
Cap Rate 7%
$4,489,700
Cap Rate 9%
$3,491,989
Alternative Uses
Best Use
Flex RnD
$5.81M
$5.09M – $6.78M
NOI $406,967 @ 7.0% cap · market cap 7,343.32%
Second Best
Warehouse
$5.45M
$4.77M – $6.36M
NOI $381,624 @ 7.0% cap · market cap 6,886.03%
Theoretical Best
Office A
$7.31M
$6.40M – $8.53M
NOI $511,795 @ 7.0% cap · market cap 9,234.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
8
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Under construction mini-warehouse facility offers subdividable units with offices, bathrooms, and drive-in access.
Where is this flex space located?
The property is located at 7-b Union Hill Road 1-4 Monroe Monroe Township, NJ.
What are key features of this property?
This property features: Under construction for delivery starting June 2026: 28,000 SF mini‑warehouse in two 14,000 SF buildings; Buildings can be subdivided into 3,500 SF units for flexible tenant sizing; Each 3,500 SF unit includes two bathrooms, 336 SF office space with a window, and a separate entrance
