First-Floor Professional Office
For Sale
$799,000
257 Monmouth Road, Oakhurst, NJ 07755
Commercial Sale, Oakhurst, NJ
Property Size2,600 SF
Lot Size6.44 Acres
Price / SF$307.31
Days on Market218
Property Features for 257 Monmouth Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional, Multi-Use, Commercial
Rooms
Basement
Parking features
Parking Lot
Security features
Security System
Lot features
Cul-De-Sac, Dead End Street, Sidewalks
Directions
Monmouth rd to Donnalisa Dr. Building B 1st Floor
Subdivision
Oakhurst
Standard status
Active
APN
37-00022-0000-00020-0000-C-1B
Size
2,600 SF
Lot size
6.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8800
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Listing Agency:
Patrick Parker Realty
(732) 455-5252
Listed By:
Daniel C Black
(732) 618-4122
Added: Feb 5
Changed: Sep 2
Last Checked: Sep 11 at 6:06AM
MLS# 22603248
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.
Investment Insights
Based on property information with market context.
This 2,600-square-foot office unit occupies the first floor of a building at 257 Monmouth Road in Oakhurst, New Jersey. The double-unit configuration provides a flexible professional layout with a waiting area, reception space, 4-5 exam rooms or private offices, an executive office, staff and break room, employee restroom, file and storage room, and open collaborative area. Windows on three sides bring natural light into the suite, while two common restrooms support daily operations.
The property was built in 1988 and includes forced-air heating, central air, public water, public sewer, and a parking lot. Its configuration supports a range of office-based professional uses without relying on a fixed room arrangement.
The property was built in 1988 and includes forced-air heating, central air, public water, public sewer, and a parking lot. Its configuration supports a range of office-based professional uses without relying on a fixed room arrangement.
Key Highlights
- 2,600 square feet of first‑floor office space
- Double‑unit configuration with flexible professional layout
- 4‑5 exam rooms or private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,600
$795.6K
Cap Rate 7%
$568,286
$568.3K
Cap Rate 9%
$442,000
$442.0K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.0K $30.00/SF
− Vacancy
−$25.0K −$9.60/SF
EGI
$53.0K $20.40/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $15.30/SF
Area
Monmouth 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,600
Cap Rate 7%
$568,286
Cap Rate 9%
$442,000
Alternative Uses
Best Use
Office B
$568.3K
$497.3K – $663.0K
NOI $39,780 @ 7.0% cap · market cap 4.98%
Second Best
Healthcare Medical
$553.0K
$483.9K – $645.2K
NOI $38,713 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 07755, NJ
6,375
Population
2,411
Households
2.6
Avg Household Size
42
Median Age
47%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
2,198
Density / Sq Mi
$133,299
Median Household Income
$54,090
Median Earnings
$2,448
Median Rent
$655,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible suite layout includes reception, private rooms, executive office, staff area, storage, and shared restroom access.
Where is this office units located?
The property is located at 257 Monmouth Road Oakhurst, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,600 square feet of first‑floor office space; Double‑unit configuration with flexible professional layout; 4‑5 exam rooms or private offices
