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Property profile & analytics
OFF-MARKET
Commercial real estate

208 New Rd Monmouth Junction, NJ 08852-2032

9.79 ac lot
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US59-0933454
Property summary
AI-generated overview

This exceptional retail opportunity presents 60,000 square feet of vacant space within a 78,500-square-foot multi-tenant commercial building situated on a 9.75-acre lot in Middlesex County. The property boasts a prime location on Route 1, a high-traffic thoroughfare with over 62,000 vehicles passing daily. Its visibility is further enhanced by its placement at a signalized intersection. The space is ideal for a variety of uses, including food service, fitness centers, and medical facilities. Flexible lease terms are available, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 50,000 square feet. This property is part of a proposed retail development on an existing hotel site, offering significant potential for growth and synergy. The substantial lot size provides ample parking and room for future expansion. The high daily traffic count and strategic location ensure maximum exposure and visibility for any tenant. This is a rare opportunity to secure a prominent retail space in a thriving area. The property is currently undergoing development, presenting a chance to be part of a dynamic and growing commercial center.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 9.79 ac (426,583 SF)
Zoning code C-3
APN 21 00095-0000-00048- 13
UPID US59-0933454
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Laxmi Acquiition LLC · 15 yrs held
Laxmi Acquiition LLC
since 2011
4 recorded transactions
2014
Price N/A
2011
$2.2M
2011
Price N/A
2007
Price N/A
Zoning & alternative use
C-3 · Monmouth Junction, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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