Two-Story Professional Office
New
For Sale
$1,250,000
113 Tindall Rd, Middletown, NJ 07748
The property combines private offices, collaborative workspace, meeting areas, and attached garages for storage.
Property Size4,089 SF
Days on Market4
Property Features for 113 Tindall Rd
General Information
Standard status
Active
Size
4,089 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,262
Building Details
Building Size
4,089 SF
Year Built
1908
Buildings
1
Stories
2
Listing Agency:
RE/MAX First Realty
Listed By:
Jane Mueller
(732) 257-3500
Source:
Elliman
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 7 at 2:31PM
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 RE/MAX First Realty
Investment Insights
Based on property information with market context.
At 113 Tindall Road, this updated two-story office building pairs traditional woodwork and hardwood floors with modernized systems, including newer HVAC and electrical. The first floor has a reception area, private offices, a conference room, and a kitchen. Upstairs are additional offices, open work areas, and a large room suited to conferences or training. Restrooms serve both floors; a partial basement and attic provide additional space. Two attached two-car garages add storage capacity or may provide supplemental income.
The property has approximately 60 parking spaces shared with the adjacent building. Its Middletown location offers access to business districts in Red Bank and Long Branch, while Newark Liberty International Airport is approximately a 50-minute drive away.
The property has approximately 60 parking spaces shared with the adjacent building. Its Middletown location offers access to business districts in Red Bank and Long Branch, while Newark Liberty International Airport is approximately a 50-minute drive away.
Key Highlights
- Two‑story office building with newer HVAC and electrical systems
- First‑floor reception, private offices, conference room, and kitchen
- Upper‑level offices, open workspace, and large conference or training room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,562
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,240
$1.3M
Cap Rate 7%
$893,743
$893.7K
Cap Rate 9%
$695,133
$695.1K
Market Conditions
NOI Build-Up for 4,089 SF
Gross rent
$122.7K $30.00/SF
− Vacancy
−$39.3K −$9.60/SF
EGI
$83.4K $20.40/SF
− OpEx
−$20.9K −$5.10/SF
NOI
$62.6K $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%
$1,251,240
Cap Rate 7%
$893,743
Cap Rate 9%
$695,133
Alternative Uses
Best Use
Office B
$893.7K
$782.0K – $1.04M
NOI $62,562 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.3K – $1.25M
NOI $74,740 @ 7.0% cap · market cap 5.98%
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
388
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
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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 - The property combines private offices, collaborative workspace, meeting areas, and attached garages for storage.
Where is this office building located?
The property is located at 113 Tindall Rd Middletown, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑story office building with newer HVAC and electrical systems; First‑floor reception, private offices, conference room, and kitchen; Upper‑level offices, open workspace, and large conference or training room
