Updated Office Building with
113 Tindall Road Middletown, NJ 07748
113 Tindall Road, Middletown, NJ, 07748
$1,250,000
For Sale
$1,250,000
Two-story office building with garages and ample parking.
Property Size4,089 SF
Lot Size0.68 Acres
Price / SF$305.70
Days on Market143
Property Features for 113 Tindall Road
General Information
- Standard status
- Active
- Size
- 4,089 SF
- Lot size
- 0.68 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1908
Listing Agency
RE/MAX FIRST REALTY
(732) 257-3500
Listed by
JANE MUELLER
Source
Corcoran
Added: Feb 24 Checked: Jul 17 at 3:47 am
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.
The updated two-story professional office building at 113 Tindall Road offers excellent visibility. Originally constructed in the late 1700s as a farmhouse, the building retains select original hardwood flooring and woodwork. The original building footprint has been expanded and modernized with recessed lighting and newer HVAC and electrical systems. The first floor features a reception area, several large private offices, a conference room, and a kitchen. The second floor includes additional private offices, open workspace areas, and a large multi-purpose conference or training room. Restrooms are located on both levels. The large office sizes provide versatility to use as additional meeting and training rooms. The building also includes two attached two-car garages, totaling four garage spaces, that offer storage space. There is a partial basement and attic. The lot has approximately 60 parking spaces shared with the adjacent building. The building is suited for accounting, legal, insurance, consulting, sales, and a wide range of other professional and general office uses. The property is strategically located, offering convenient access to the business districts of Red Bank and Long Branch to the south, along with strong regional connectivity to the north. Newark Liberty International Airport is approximately a 50-minute drive away. The property has a size of 4089 square feet.
Key Highlights
- Excellent visibility and
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 | $122.7k | $30.00 |
| − Vacancy | −$39.3k | −$9.60 |
| EGI | $83.4k | $20.40 |
| − OpEx | −$20.9k | −$5.10 |
| NOI | $62.6k | $15.30 |
4,089 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story office building with garages and ample parking.
Where is this office building located?
The property is located at 113 Tindall Road 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: Excellent visibility and