Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    299 Spotswd-Engtwn Rd Rd Monroe Township, NJ 08831

    Sponsored
    For Sale
    $2,175,000

    Restaurant/Bar w/Liquor License & Apartments

    Property size:
    5,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional commercial property, located at 299 Spotswood-Englishtown Road in Monroe Township, New Jersey, presents a unique investment opportunity. The 0.459-acre lot features a two-story building totaling 5,036 square feet, constructed in 2000. The property currently includes all restaurant and bar equipment, adding significant value to the sale. A valuable liquor license is also included in the sale, providing immediate operational potential for a food and beverage establishment. Adding to the income potential, two apartments are currently rented, generating additional revenue streams. The property is zoned for commercial use and offers significant upside potential for various business ventures. The asking price is $2,175,000. The seller will consider selling the business and liquor license separately. This property is situated in Middlesex County, New Jersey, with a zip code of 08831. The property's coordinates are 40.3804046 latitude and -74.3959752 longitude. This is a rare opportunity to acquire a fully equipped commercial property with a liquor license and rental income in a desirable New Jersey location. Don't miss this chance to own a thriving business and valuable real estate.

    Property Features for 299 Spotswd-Engtwn Rd Rd

    General Information

    Property type
    Land
    Square Feet
    5,036 SF

    Building Details

    Year Built
    2000
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3959752
    Latitude
    40.3804046

    Nearby Similar for Sale

    • $1,950,000
      1.92 Acres

      Established Bar & Restaurant For Sale

      Turnkey bar and restaurant with a liquor license and outdoor seating.
      820 N Black Horse Pike, Williamstown, NJ 08094
      View Details
    • New
      $899,900
      2,875 SF

      Multi-Family Property on 10 Acres

      Four-unit residential property on 10.2 acres with redevelopment potential.
      871 Corkery Ln, Williamstown, NJ 08094
      View Details
    • $850,000
      5,000 SF

      Restaurant/Bar Opportunity on Black Horse Pike

      Fully equipped restaurant/bar on 3.62 acres with expansion potential.
      40 E Black Horse Pike, Williamstown, NJ 08094
      View Details
    • New
      Contact for pricing
      28,000 SF

      Mini-Warehouse Space in Central New Jersey

      28,000 SF mini-warehouse space available in Monroe Township, NJ.
      7A Union Hill Rd, Monroe Township, NJ 08831
      View Details
    • $389,900
      1,266 SF

      Clearbrook Home with FHA Mortgage

      Well-kept 3 bedroom home with assumable low-interest mortgage.
      109 Hemlock Plz, Monroe Township, NJ 08831
      View Details
    • $995,000
      3.62 Acres

      Restaurant/Bar Location on Black Horse

      Restaurant/Bar on 3.62 acres with parking.
      40 E Black Horse Pike, Williamstown, NJ 08094
      View Details
    • $995,000
      3.62 Acres

      Restaurant/Bar Opportunity on Black Horse Pike

      Restaurant/Bar on 3.62 acres with expansion potential and liquor license.
      40 E Black Horse Pike, Williamstown, NJ 08094
      View Details
    • $1,025,000

      Operating Nursery on 7 Acres

      Established nursery with high visibility, development potential.
      S Black Horse Park, Williamstown, NJ
      View Details
    • Contact for pricing
      25,000 SF

      Crane Served Industrial Facility

      25,000 SF crane served building with additional shop/office buildings.
      1920 12Th St, Williamstown, NJ 08831
      View Details
    • $4,450,000
      115 SF

      Winery and Vineyard For Sale

      Winery with tasting room, storage, and outdoor areas on 115+/- acres.
      870 W Malaga Rd, Williamstown, NJ 08094
      View Details
    • $1,290,000
      86,000 SF

      Monroe Township Warehouse For Sale

      86,000 SF warehouse with heavy power and ample parking.
      332 Applegarth Rd, Monroe Township, NJ 08831
      View Details
    • $5,190,089

      AutoZone Hub Location For Sale

      AutoZone hub location available for purchase.
      2099 N Black Horse Pike, Williamstown, NJ
      View Details

    FAQs

    What type of property is this?
    Land - Restaurant/Bar w/Liquor License & Apartments
    Where is this land located?
    The property is located at 299 Spotswd-Engtwn Rd Rd Monroe Township, NJ.
    What is the asking price?
    The asking price for this property is $2,175,000.
    Request Owner's contact information
    299 Spotswd-Engtwn Rd Rd Monroe Township, NJ 08831
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 Spotswd-Engtwn Rd Rd
    Monroe Township, NJ 08831
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    299 Spotswd-Engtwn Rd Rd Monroe Township, NJ 08831
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.