Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    207 Commercial Ct Morganville, NJ 07751

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for lease in Commercial Court Business Park.

    Property size:
    3,570 SF
    Lot size:
    1.82 Acres

    Property Features for 207 Commercial Ct

    General Information

    Size
    3,570 SF
    Lot size
    1.82 Acres

    We can help!

    Listing Contact
    John R. Longo
    Source: Moodyscre

    Listing Agent: John R. Longo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Morganville Office Space Available

    This office space is located at 207 Commercial Ct in Morganville, NJ. Built in 2001, the building has a total size of approximately 10,169 square feet. The available space is approximately 7,000 square feet, divisible into approximately 1,800 square feet and approximately 5,200 square feet. The construction is fully finished with interior soundproofing. There are 54 parking spaces available. The property is zoned Industrial Office Research (IOR). It is located in the Commercial Court Business Park and is 6 minutes from Marlboro shopping, banking, major restaurants, and retailers. Verizon Fiber Optic Services are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cartel Auto Group Car Dealership Fairway Independent Mortgage ... Loan Service Victor P Cale ... Loan Service Forbes Auto Glass ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganville
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2814125
    Latitude
    40.3559453

    Nearby Similar for Lease

    • Contact for pricing
      7,405 SF

      Renovated Office Suites in Morganville

      Private office spaces in a newly renovated building in Morganville.
      457 Rte 79, Morganville, NJ 07751
      View Details
    • Contact for pricing
      740,520 SF

      Renovated Office Building For Lease

      Fully renovated building suitable for various professional businesses.
      457 Rte 79, Morganville, NJ 07751
      View Details
    • Contact for pricing
      12,000 SF

      Warehouse with Outdoor Storage

      20,000 SF building with warehouse, office, and outdoor storage.
      173 Amboy Rd, Morganville, NJ 07751
      View Details
    • Contact for pricing
      3,000 SF

      Marlboro Township Office Space Available

      Office space for rent with easy highway access.
      436 Hwy 79, Morganville, NJ 07751
      View Details
    • Contact for pricing
      6,700 SF

      Morganville Warehouse with Office Space

      6,700 SF warehouse with office, loading dock, and drive-in.
      260 Tennent Rd, Morganville, NJ 07751
      View Details
    • Contact for pricing
      3,000 SF

      Office Space with Ample Parking

      Office space with convenient access and parking.
      436 Hwy 79, Morganville, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in Commercial Court Business Park.
    Where is this office units located?
    The property is located at 207 Commercial Ct Morganville, NJ.
    What are key features of this property?
    This property features: - Fully Finished with Interior Soundproofing; - ±7,000 SF Available, divisible into ±1,800 SF and ±5,200 SF; - 54 Parking Spaces
    (908) 803-1876 Call to check price and availability
    Request Owner's contact information
    207 Commercial Ct Morganville, NJ 07751
    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.
    207 Commercial Ct
    Morganville, NJ 07751
    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
    207 Commercial Ct Morganville, NJ 07751
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John R. Longo
    (908) 803-1876 (973) 379-6644
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!