Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    981 State Route 33 Monroe Township, NJ 08831
    Back to Search
    Property profile & analytics

    981 State Route 33 Monroe Township, NJ 08831

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 981 State Route 33

    Property type
    Specialty properties

    Description

    This exceptional offering presents two spacious office suites ideally situated within a professional office building at 981 State Route 33 W #B in Monroe Township, New Jersey, 08831. The property, categorized as Special Purpose, is priced at $2,000. The building is two stories, though the specific year of construction is unavailable. The suites are perfect for a variety of professional uses, including medical practices or general office spaces. Given its location in Monroe Township, Middlesex County, the property benefits from excellent accessibility and visibility. The listing does not include any residential units. While a capitalization rate is listed as 0.00%, further due diligence is recommended to fully understand the investment potential. The property's precise square footage is not specified in this listing, but the description highlights the substantial size of the two office spaces. Interested parties are encouraged to schedule a viewing to assess the suitability of this property for their specific needs. The property's latitude and longitude coordinates are 40.2668537, -74.4618129 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4618
    Latitude
    40.2669

    Comparable in this City

    • Value Estimation by Request

      952 State Rte 33 Hwy

      Automotive properties
      952 State Rte 33 Hwy, Monroe Township, NJ 08831
      View Details
    • Value Estimation by Request
      4,500 SF

      Helmetta Blvd

      VETERINARY, ANIMAL HOSPITAL • 4,500 SF
      Helmetta Blvd, Monroe Township, NJ 08831
      View Details
    • Value Estimation
      $520,000
      9,632 SF

      205 Rhode Hall Rd

      FUNERAL HOME • 9,632 SF
      205 Rhode Hall Rd, Monroe Township, NJ 08831-1127
      View Details
    • Value Estimation by Request

      381 Mounts Mills Rd

      Specialty properties
      381 Mounts Mills Rd, Monroe Township, NJ 08831
      View Details
    • Value Estimation by Request
      1,448 SF

      537 Englishtown Rd

      Land • 1,448 SF
      537 Englishtown Rd, Monroe Township, NJ 08831
      View Details
    • Value Estimation by Request
      14,000 SF

      15 Railroad Ave

      Land • 14,000 SF
      15 Railroad Ave, Jamesburg, NJ 08831
      View Details

    Similar Nearby for Sale

    • $450,000

      Liquor License in Monroe, NJ

      Liquor license available for sale in Monroe, New Jersey.
      Liquor License Ln, Monroe, NJ 08831
      View Details
    • Contact for pricing

      Jamesburg Office with Ample Parking

      Two-story office building in the heart of Jamesburg, New Jersey.
      9 Davison Ave, Jamesburg, NJ 08831
      View Details
    • $400,000
      0.71 Acres

      Monroe, NJ Commercial Land Opportunity

      High-traffic corner lot zoned for neighborhood commercial use.
      211 Cranbury Station Rd, Monroe, NJ 08831
      View Details
    • Contact for pricing
      170 SF

      Downtown Jamesburg Office Space Available

      Private office in a growing business district with shared amenities.
      31 E Railroad Ave E, Jamesburg, NJ 08831
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      New pad site suitable for restaurant or daycare.
      957 Nj-33, Monroe Township, NJ 08831
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Monroe Township, NJ.
      1600 Perrineville Rd, Monroe Township, NJ 08831
      View Details
    • Contact for pricing
      165,458 SF

      Industrial Space Near NJ Turnpike

      Available industrial space with convenient access to major highways.
      17 S Middlesex Ave, Monroe Township, NJ 08831
      View Details
    • $15 SF/Yr
      28,000 SF

      New Mini-Warehouse Space Available

      28,000 SF mini-warehouse space for rent, delivery December 2025.
      7 Union Hill Rd, Monroe, NJ 08831
      View Details
    • $2,700 /Mo

      Office Unit for Rent

      Office unit available for rent.
      983 State Route 33, Monroe, NJ 08831
      View Details
    • Contact for pricing

      Industrial Warehouse Space For Lease

      400,000 square foot logistics facility near NJ Turnpike.
      201 Middlesex Center Blvd, Monroe Township, NJ 08831
      View Details
    Request Owner's contact information
    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.
    981 State Route 33
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    981 State Route 33, Monroe Township, NJ, 08831
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!