Sea Girt Office
1-800 The Plz Sea Girt, NJ 07753
1-800 The Plz, Sea Girt, NJ, 07753
$595,000
For Sale
$595,000
Turn-key office condo in desirable Sea Girt location.
Property Size2,000 SF
Price / SF$297.50
Days on Market90
Property Features for 1-800 The Plz
General Information
- Standard status
- Active
- Size
- 2,000 SF
Listing Agency
Ward Wight Sotheby's International Realty
(732) 449-3322
Listed by
Keith W Kernan · License #0560338
(732) 449-3322
Source
Exprealty
Added: Apr 20 Checked: Jul 17 at 6:15 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ward Wight Sotheby's International Realty
Investment Insights
Based on property information with market context.
This first-floor, turn-key office condo is located in Sea Girt. The combined two-office unit offers an open floor plan with recently updated flooring, two private offices, a bathroom, and workspace. The condo offers approximately 2,000 square feet of space. The units are also listed separately, each approximately 1,000 square feet and can be separated, as the units are deeded individually. There is parking available. It is suited for professional general office use.
Key Highlights
- Outstanding Sea Girt ''in‑town'' location
- Turn‑key, first‑floor office condo
- Approximately 2,000 square feet of space (combined units)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $30.00 |
| − Vacancy | −$19.2k | −$9.60 |
| EGI | $40.8k | $20.40 |
| − OpEx | −$10.2k | −$5.10 |
| NOI | $30.6k | $15.30 |
2,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turn-key office condo in desirable Sea Girt location.
Where is this office units located?
The property is located at 1-800 The Plz Sea Girt, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Outstanding Sea Girt ''in‑town'' location; Turn‑key, first‑floor office condo; Approximately 2,000 square feet of space (combined units)
