Renovated Victorian Office
For Sale
$1,650,000
286 Broad Street, Red Bank, NJ 07701
Commercial Sale, Red Bank, NJ
Property Size3,589 SF
Lot Size0.28 Acres
Price / SF$459.74
Days on Market177
Property Features for 286 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Parking features
On Street
Directions
Property is located at the intersection of Broad St and Bergen Pl
Standard status
Active
APN
12-01202-0000-00005
Size
3,589 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16664
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
conference room
kitchen
dry basement for storage
detached 2-car garage
large front porch
enclosed porch
Building Details
Year built
1885
Floors in Building
3
Flooring type
Wood
Listing Agency:
Benchmark Realty Group LLC
(732) 440-9663
Listed By:
Charles Frank
(732) 747-5575
Added: Apr 13
Changed: Oct 2
Last Checked: Oct 6 at 7:06AM
MLS# 22610097
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 standalone professional office building in Red Bank occupies three levels and was built in 1885. The 3,589-square-foot property includes 9 offices, a first-floor conference room, an open work area, kitchen, two bathrooms, and a dry basement for storage. A detached 2-car garage, front porch, enclosed porch, wood flooring, and abundant natural light add to the building’s functional layout and character. Renovations were completed in 2016, with additional details available from the office.
The property includes parking for 12 cars along with on-street parking. Public water and public sewer serve the building. Its Broad Street address places the office in Red Bank, Monmouth County, with signage and visibility identified as notable property features.
The property includes parking for 12 cars along with on-street parking. Public water and public sewer serve the building. Its Broad Street address places the office in Red Bank, Monmouth County, with signage and visibility identified as notable property features.
Key Highlights
- 3,589‑square‑foot standalone office building
- Three‑level Victorian property built in 1885
- 9 offices plus first‑floor conference room and open work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,912
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,098,240
$1.1M
Cap Rate 7%
$784,457
$784.5K
Cap Rate 9%
$610,133
$610.1K
Market Conditions
NOI Build-Up for 3,589 SF
Gross rent
$107.7K $30.00/SF
− Vacancy
−$34.5K −$9.60/SF
EGI
$73.2K $20.40/SF
− OpEx
−$18.3K −$5.10/SF
NOI
$54.9K $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 Rate 5%
$1,098,240
Cap Rate 7%
$784,457
Cap Rate 9%
$610,133
Alternative Uses
Best Use
Office B
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.2K
$820.0K – $1.09M
NOI $65,601 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone professional office property with multiple work areas, private offices, parking, and prominent signage opportunities.
Where is this office building located?
The property is located at 286 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 3,589‑square‑foot standalone office building; Three‑level Victorian property built in 1885; 9 offices plus first‑floor conference room and open work area
