Medical Office
For Sale
$449,900
3701 Us Highway 9, Howell, NJ 07731
Approximately 1,640-square-foot medical office building offered for sale, subject to existing tenancy.
Property Size1,640 SF
Price / SF$274.33
Days on Market2000
Property Features for 3701 Us Highway 9
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Commercial
Building Details
Year Built
1950
Building Size
1,640 SF
Listing Agency:
Keller Williams Realty Central Monmouth
Listed By:
Mark J Krupnick
(833) 740-1234
Source:
Actionplusrealty
Added: Mar 8, 2021
Changed: Aug 28
Last Checked: Aug 28 at 5:53PM
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 Keller Williams Realty Central Monmouth
Investment Insights
Based on property information with market context.
This is an approximately 1,640-square-foot medical office building for sale. The sale will be subject to existing tenancy.
The property is located at 3701 US Highway 9 in Howell, NJ 07731. Prospective buyers should plan for the current tenant occupancy at the time of closing.
The listing is presented as an income-producing medical office asset with space sized for a dedicated medical practice use.
The property is located at 3701 US Highway 9 in Howell, NJ 07731. Prospective buyers should plan for the current tenant occupancy at the time of closing.
The listing is presented as an income-producing medical office asset with space sized for a dedicated medical practice use.
Key Highlights
- Approximately 1,640‑square‑foot medical office building for sale
- Year built: 1950
- Sale is subject to existing tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,840
$501.8K
Cap Rate 7%
$358,457
$358.5K
Cap Rate 9%
$278,800
$278.8K
Market Conditions
NOI Build-Up for 1,640 SF
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.
Gross rent
$49.2K $30.00/SF
− Vacancy
−$15.7K −$9.60/SF
EGI
$33.5K $20.40/SF
− OpEx
−$8.4K −$5.10/SF
NOI
$25.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,840
Cap Rate 7%
$358,457
Cap Rate 9%
$278,800
Alternative Uses
Best Use
Office B
$358.5K
$313.7K – $418.2K
NOI $25,092 @ 7.0% cap · market cap 5.58%
Second Best
Healthcare Medical
$348.8K
$305.2K – $407.0K
NOI $24,419 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07731, NJ
39,677
Population
14,102
Households
2.8
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
31.8 sq mi
ZIP Area
1,248
Density / Sq Mi
$130,064
Median Household Income
$57,228
Median Earnings
$2,619
Median Rent
$454,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Approximately 1,640-square-foot medical office building offered for sale, subject to existing tenancy.
Where is this medical office space located?
The property is located at 3701 Us Highway 9 Howell, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 1,640‑square‑foot medical office building for sale; Year built: 1950; Sale is subject to existing tenancy
