Brick Office Building with
For Sale
$849,000
Pending
200 Monmouth Avenue, Lakewood, NJ 08701
Commercial Sale, Lakewood, NJ
Property Size2,300 SF
Lot Size0.81 Acres
Days on Market268
Property Features for 200 Monmouth Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Directions
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Standard status
Pending
APN
15-00126-0000-00010
Size
2,300 SF
Lot size
0.81 Acres
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Listing Agency:
Imperial Real Estate Agency
(732) 905-5511
Listed By:
Joshua Spiegel · License #1754739
(917) 588-0531
Added: Jan 22
Changed: Oct 8
Last Checked: Oct 17 at 12:06AM
MLS# 22602069
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,300-square-foot brick office building at 200 Monmouth Avenue features a central entry with both stairs and an accessibility ramp. Tall windows bring natural light into open interior areas with high ceilings and flexible layouts. The property is currently configured for office or institutional use, with a full lower level that includes utility areas and restrooms.
The 0.81-acre property is served by public water and public sewer. Heating is provided by oil, and parking is available on the street. The building offers a straightforward configuration for an owner-user or other office-oriented occupant seeking open space and supplemental lower-level area.
The 0.81-acre property is served by public water and public sewer. Heating is provided by oil, and parking is available on the street. The building offers a straightforward configuration for an owner-user or other office-oriented occupant seeking open space and supplemental lower-level area.
Key Highlights
- 2,300‑square‑foot brick office building constructed in 1950
- Central entrance includes steps and an accessibility ramp
- Open floor areas with high ceilings and flexible layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,190
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,800
$703.8K
Cap Rate 7%
$502,714
$502.7K
Cap Rate 9%
$391,000
$391.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$69.0K $30.00/SF
− Vacancy
−$22.1K −$9.60/SF
EGI
$46.9K $20.40/SF
− OpEx
−$11.7K −$5.10/SF
NOI
$35.2K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,800
Cap Rate 7%
$502,714
Cap Rate 9%
$391,000
Alternative Uses
Best Use
Office B
$502.7K
$439.9K – $586.5K
NOI $35,190 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.6K
$525.5K – $700.7K
NOI $42,040 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Adaptable office property with natural light, open floor areas, and a full lower level for additional functional space.
Where is this office building located?
The property is located at 200 Monmouth Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,300‑square‑foot brick office building constructed in 1950; Central entrance includes steps and an accessibility ramp; Open floor areas with high ceilings and flexible layouts
