315 Forsgate Dr, Monroe Township, NJ 08831-1539
This exceptional 2-story, 2,989 square foot commercial building, situated on a 1.42-acre lot in Monroe Township, New Jersey (08831), presents a unique investment opportunity. Built in 1969, the property boasts a desirable location at 315 Forsgate Drive, offering excellent visibility and accessibility. The building currently houses a thriving physical therapy practice on the entire second floor, which is included in the sale – complete with all equipment, treatment tables, and exercise equipment. This turnkey setup provides immediate income potential. A separate entrance and ample parking cater to both tenants and clients. The first floor currently features a chiropractic practice under lease until 2026, generating consistent rental income. An oversized garage is also included, adding to the property's versatility. The building's adaptable layout makes it suitable for a wide range of businesses, including HVAC, contracting, and electrical services. This property offers significant potential for growth and diverse income streams, making it an attractive investment in a thriving New Jersey market. The asking price is $995,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.