Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    957 Nj-33 Monroe Township, NJ 08831
    Back to Search
    Property profile & analytics

    957 Nj-33 Monroe Township, NJ 08831

    View on Map
    • Day care centers
    • 30,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 957 Nj-33

    Property size
    30,800 SF
    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 30,800 square foot multi-tenant retail and restaurant property in Monroe Township, New Jersey, presents a unique investment opportunity. Currently undergoing redevelopment, a significant 13,800 square foot space is available. The site features a new pad site designed for a quick-service restaurant with a drive-thru, and plans are in place for a new daycare center. Strategically located at a signalized intersection on Route 33, this property benefits from substantial new residential growth in the immediate vicinity. Route 33 provides excellent commuter access to the New Jersey Turnpike, just 1.5 miles away, ensuring high visibility and convenient access for customers. The strong consumer spending power in the area is noteworthy, with over $500 million in consumer spending within a 3-mile radius (based on ESRI 2023 data). Ideal tenants for the available space include quick-service restaurants with drive-thrus, daycare/childcare centers, salons, various restaurant concepts (pizza, delicatessen, etc.), and healthcare providers. This property offers a compelling combination of prime location, redevelopment potential, and strong market demand, making it an attractive investment for discerning buyers. The Middlesex County location provides further advantages for business growth and stability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4697
    Latitude
    40.2679

    Comparable in this City

    • Value Estimation by Request
      11,000 SF

      33 And Joan Warren Way

      Restaurants • 11,000 SF
      33 And Joan Warren Way, Monroe Township, NJ 08831
      View Details
    • Value Estimation by Request

      3059 Englishtown Rd

      Retail properties & Spaces
      3059 Englishtown Rd, Monroe Township, NJ 08831
      View Details
    • Value Estimation by Request
      1,292 SF

      5 Union Hill Rd

      Retail properties & Spaces • 1,292 SF
      5 Union Hill Rd, Monroe Township, NJ 08831
      View Details
    • Value Estimation by Request

      Liquor License

      Retail properties & Spaces
      0 Liquor License, Jamesburg, NJ 08831
      View Details
    • 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
      2,250 SF

      216 Docks Cor Rd

      BAR, TAVERN • 2,250 SF
      216 Docks Cor Rd, Monroe Township, NJ 08831-1186
      View Details

    Similar Nearby for Sale

    • $349,999
      4,600 SF

      Established Pizzeria in Monroe, NJ

      Turnkey pizzeria with strong reputation and growth potential in Monroe.
      393 Davidsons Mill Rd, Monroe, NJ 08831
      View Details
    • $500,000

      Retail Property in Jamesburg, NJ

      Retail property available for sale in Jamesburg, New Jersey.
      Liquor Ln, Jamesburg, NJ 08831
      View Details
    • $450,000

      Liquor License in Monroe, NJ

      Liquor license available for sale in Monroe, New Jersey.
      Liquor License Ln, Monroe, NJ 08831
      View Details
    • $2,175,000
      5,036 SF

      Restaurant, Bar, Apartments, and License

      Restaurant, bar, apartments, land, and liquor license for sale.
      299 Spotswd-Engtwn Rd, Monroe, 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
    • $3,060 /Mo

      Retail/Office Space in Shopping Center

      1,530 SF retail/office space available for lease.
      393 Davidsons Mill Rd, Monroe Township, NJ 08831
      View Details
    • Contact for pricing

      High-Performing Community Shopping Center

      Community center in affluent Monroe Township, New Jersey.
      1600 Perrineville Rd, Monroe Township, NJ 08831
      View Details
    • $2,950 /Mo
      82,764 SF

      Retail/Office Space in Shopping Center

      1,530 SF retail/office space in Glen at Cranbury.
      393 Davidsons Mill 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
    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.
    957 Nj-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
    957 Nj-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!