Office Building for
For Sale
$9,632,000
11 Tindall Rd, Middletown, NJ 07748
For sale office building in Middletown, New Jersey, presented exclusively by Marcus & Millichap.
Property Size44,000 SF
Price / SF$218.91
Days on Market140
Property Features for 11 Tindall Rd
General Information
Standard status
Active
Size
44,000 SF
Property subtype
Single-Tenant Office
Lease Type
NN
Amenities
44,000 Square Foot Headquarters Facility Fully Occupied by T&M Associates, a Long-Established Regional Engineering and Consulting Firm with over 375 Employees and Operations Across over 40 States.
Tenant Responsible for Taxes, Insurance, Utilities, Repairs, and Maintenance, Minimizing Landlord Responsibilities.
Three-Story Office Building Situated on 4.43 Acres with 184 Parking Spaces and a Strong 4.18/1,000 Square Foot Parking Ratio.
Building Details
Building Size
44,000 SF
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source:
Marcusmillichap
Added: Jun 3
Changed: Oct 7
Last Checked: Oct 19 at 3:13AM
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 Marcus & Millichap - New Jersey
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Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to exclusively present 11 Tindall Rd, Middletown, Monmouth County, New Jersey. The offering is for a commercial office property and is being marketed for sale.
The property’s address is 11 Tindall Rd in Middletown, within Monmouth County, New Jersey. No additional improvements, suite details, or leasing information were provided in the public remarks.
The stated property size is 44,000, supporting a multi-tenant or multi-configuration office building format, though specific unit layout details are not included in the available information.
The property’s address is 11 Tindall Rd in Middletown, within Monmouth County, New Jersey. No additional improvements, suite details, or leasing information were provided in the public remarks.
The stated property size is 44,000, supporting a multi-tenant or multi-configuration office building format, though specific unit layout details are not included in the available information.
Key Highlights
- For sale office building in Middletown, Monmouth County, New Jersey
- Office building built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$673,200
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,464,000
$13.5M
Cap Rate 7%
$9,617,143
$9.6M
Cap Rate 9%
$7,480,000
$7.5M
Market Conditions
NOI Build-Up for 44,000 SF
Gross rent
$1.32M $30.00/SF
− Vacancy
−$422.4K −$9.60/SF
EGI
$897.6K $20.40/SF
− OpEx
−$224.4K −$5.10/SF
NOI
$673.2K $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%
$13,464,000
Cap Rate 7%
$9,617,143
Cap Rate 9%
$7,480,000
Alternative Uses
Best Use
Office B
$9.62M
$8.42M – $11.22M
NOI $673,200 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.49M
$10.05M – $13.40M
NOI $804,250 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 07748, NJ
28,169
Population
10,446
Households
2.7
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
2,167
Density / Sq Mi
$152,488
Median Household Income
$72,287
Median Earnings
$1,483
Median Rent
$568,000
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
Frequently Asked Questions
What type of property is this?
Office building - For sale office building in Middletown, New Jersey, presented exclusively by Marcus & Millichap.
Where is this office building located?
The property is located at 11 Tindall Rd Middletown, NJ.
What is the asking price?
The asking price for this property is $9,632,000.
What are key features of this property?
This property features: For sale office building in Middletown, Monmouth County, New Jersey; Office building built in 1990
