Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Keansburg Waterfront Office Suite Title is generated by Realmo AI

    40 Carr Avenue, Keansburg, NJ 07734

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - Keansburg, NJ

    Property size:
    4,680 SF
    Lot size:
    0.08 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    268
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for 40 Carr Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    23-00014-0000-00003
    Size
    4,680 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8532

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2

    We can help!

    Listing Contact
    Justine Gillette

    Listing agent Justine Gillette

    Listing office Sackman Realty 513 Cookman Ave., Asbury Park, NJ

    Listing date Sep 8, 2025

    MLS# 22527215

    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

    • Prime commercial location in Keansburg's waterfront redevelopment zone.
    • Flexible office suite suitable for medical, professional, or creative use.
    • Located steps from Sandy Hook Bay.
    • Strong visibility and steady foot traffic in a rapidly revitalizing district.
    • Easy access to Route 36, ferry service, and NYC transit connections.
    • Includes four private offices, open work area, kitchenette, restroom, and storage.

    Overview

    Located at 40 Carr Avenue in Keansburg, New Jersey, this commercial opportunity is situated in the heart of the waterfront redevelopment zone, steps from Sandy Hook Bay. The flexible office suite features four private offices, an open work area, a kitchenette, a restroom, and storage. The property is suitable for medical, professional, or creative uses. The district is experiencing major residential and mixed-use growth, with strong visibility and steady foot traffic. The property offers easy access to Route 36, ferry service, and NYC transit connections. The property has a lot size of 0.08 acres and a property size of 4680 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Keansburg
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.135009
    Latitude
    40.453887

    Nearby Similar for Lease

    • $20 SF/Yr
      1,375 SF

      Keansburg Storefront in Mixed-Use Development

      Ground floor storefront in Keansburg's Baypoint development, steps from beach.
      19 Carr Avenue, Keansburg, NJ 07734
      View Details
    • $20 SF/Yr
      2,800 SF

      Retail Space in Keansburg, NJ

      Retail property available for lease in Keansburg, New Jersey.
      19 Carr Avenue, Keansburg, NJ 07734
      View Details
    • $20 SF/Yr
      1,276 SF

      Retail Space in Keansburg, NJ

      Retail property available for lease in Keansburg, New Jersey.
      19 Carr Avenue, Keansburg, NJ 07734
      View Details
    • $947/Mo
      192 SF

      Keansburg Office Space For Rent

      Private office space bathed in natural light, convenient location.
      21 Church Street, Keansburg, NJ 07734
      View Details
    • $658/Mo
      375 SF

      Keansburg Loft Office or Storage

      Three-room loft office or storage space in Keansburg, New Jersey.
      21 Church Street, Keansburg, NJ 07734
      View Details
    • $641/Mo
      160 SF

      Office Space in Keansburg, NJ

      Office space for rent in Keansburg, New Jersey.
      21 Church Street, Keansburg, NJ 07734
      View Details
    • Contact for pricing
      4,680 SF

      Keansburg Commercial Space For Rent

      Flexible commercial space in Keansburg's evolving waterfront district.
      40 Carr Avenue, Keansburg, NJ 07734
      View Details
    • $630/Mo

      Private Office in Keansburg, NJ

      Serene workspace ideal for wellness, therapy, or professional services.
      21 Church Street, Keansburg, NJ 07734
      View Details
    • Contact for pricing
      1,100 SF

      Keansburg Retail/Office Space Available

      Highly visible corner location, ideal for retail, office, or service.
      295 Main Street, Keansburg, NJ 07734
      View Details
    • $20 SF/Yr
      1,375 SF

      Baypoint Storefront in Keansburg

      Ground floor storefront in Keansburg's new mixed-use development.
      19 Carr Avenue #3, Keansburg, NJ 07734
      View Details
    • $20 SF/Yr
      2,800 SF

      Keansburg Flex/Industrial Space Available

      2800 SF flex/industrial space for rent in Keansburg, NJ.
      19 Carr Avenue #201, Keansburg, NJ 07734
      View Details
    • $20 SF/Yr
      1,276 SF

      Keansburg Office Space Available

      Office unit available for lease in Keansburg, New Jersey.
      19 Carr Avenue #2, Keansburg, NJ 07734
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible office space in Keansburg's revitalizing waterfront district.
    Where is this office units located?
    The property is located at 40 Carr Avenue Keansburg, NJ.
    What are key features of this property?
    This property features: Prime commercial location in Keansburg's waterfront redevelopment zone.; Flexible office suite suitable for medical, professional, or creative use.; Located steps from Sandy Hook Bay.
    (732) 798-8188
    We can help!
    Listing Contact
    Justine Gillette
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Carr Avenue, Keansburg, NJ 07734
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!