Red Bank Professional Office
365 Broad Street, Red Bank, NJ 07701
New
COMMERCIAL - Red Bank, NJ
Type:Office
Property size:
2,634 SFLot size:
0.02 AcresPrice / SF:
$244/SF- Added:
- May 27, 2026
- Days on Market:
- 2
- Last Refresh:
- May 28 at 4:06 pm
Property Features for 365 Broad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 2
- Parking features
- Assigned, RV, Parking Lot, Off Street
- Standard status
- Active
- APN
- 39-00116-0000-00030-02-C3014
- Size
- 2,634 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11538
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Elizabeth DeFeo (732) 292-1400
Listing office Diane Turton, Realtors-Wall 2383 Highway 34 S, Spring Lake, NJ (732) 292-1400
Listing date May 27, 2026
MLS# 22615580
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.
HighLights
- Private elevator providing direct access to the expansive 2,600+ sq ft 4th‑floor suite.
- Prime location in Red Bank near Route 35 and Newman Springs Road, with easy access to transportation.
- Fully renovated in 2016 with modern finishes, including updated flooring, lighting, and fresh paint.
- Two private bathrooms (men's and women's) and a kitchenette area.
- Two private parking spaces included.
- Large executive office with penthouse views.
Overview
This professional office space in Red Bank, New Jersey, offers a versatile layout suitable for various professional uses. The 2,600+ square foot fourth-floor space was fully renovated in 2016 and features high ceilings and abundant natural light. The suite includes updated flooring, modern lighting, fresh paint, and a kitchenette area. It also contains two private bathrooms and two private parking spaces, with a private elevator providing direct access into the suite. The space was created by combining two suites into a larger one, and includes a large executive office with penthouse views. The property is situated in a highly visible location near Route 35 and Newman Springs Road, providing easy access to the Garden State Parkway, New Jersey Transit trains, and bus routes. Neighboring suites are occupied by medical practices, making this an excellent location for healthcare professionals, wellness providers, lawyers, or complementary service businesses. The property is located near 365 Broad Street, Red Bank, NJ 07701. The Atlantic Club is moving across the street.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$447.8K
NOI $40,300 @ 9.00% cap · cautious / downside scenario
Moderate
$575.7K
NOI $40,300 @ 7.00% cap · market / base-case scenario
Aggressive
$806.0K
NOI $40,300 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.0k | $30.00 |
| − Vacancy | −$25.3k | −$9.60 |
| EGI | $53.7k | $20.40 |
| − OpEx | −$13.4k | −$5.10 |
| NOI | $40.3k | $15.30 |
2,634 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$575.7K
$503.8K – $671.7K
NOI $40,300 @ 7.0% cap · market cap 6.25%
Second Best
Healthcare Medical
$560.3K
$490.2K – $653.7K
NOI $39,219 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$687.8K
$601.8K – $802.4K
NOI $48,145 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Red Bank
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.06305
- Latitude
- 40.339762
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Renovated office space with private elevator and parking.
Where is this office units located?
The property is located at 365 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Private elevator providing direct access to the expansive 2,600+ sq ft 4th‑floor suite.; Prime location in Red Bank near Route 35 and Newman Springs Road, with easy access to transportation.; Fully renovated in 2016 with modern finishes, including updated flooring, lighting, and fresh paint.
