Red Bank Modern Office
For Sale
$104,900
130 Maple Avenue #WB--4, Red Bank, NJ 07701
Updated office unit in Red Bank's 'Courts' community.
Property Size290 SF
Price / SF$361.72
Days on Market285
Property Features for 130 Maple Avenue #WB--4
General Information
Standard status
Active
Size
290 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,101
Amenities
Paver Block
Building Details
Year Built
1984
Listing Agency:
RE/MAX CENTRAL
(732) 972-1000
Listed By:
MARCI DISCIULLO · License #343892
(908) 415-5483
Source:
Corcoran
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:08AM
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 CENTRAL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This updated, modern two-room office unit is located within the 'Courts of Red Bank' community in Red Bank, Monmouth County, New Jersey. The property offers an opportunity to own space suitable for various business needs. The location is convenient and provides ample parking. Elevator access and restroom facilities are located close to the unit. The property size is 290 square feet.
Key Highlights
- Own office space instead of leasing.
- Updated, modern two‑room office.
- Located in the highly regarded 'Courts of Red Bank' community.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,437
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,740
$88.7K
Cap Rate 7%
$63,386
$63.4K
Cap Rate 9%
$49,300
$49.3K
Market Conditions
NOI Build-Up for 290 SF
Gross rent
$8.7K $30.00/SF
− Vacancy
−$2.8K −$9.60/SF
EGI
$5.9K $20.40/SF
− OpEx
−$1.5K −$5.10/SF
NOI
$4.4K $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%
$88,740
Cap Rate 7%
$63,386
Cap Rate 9%
$49,300
Alternative Uses
Best Use
Office B
$63.4K
$55.5K – $74.0K
NOI $4,437 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$75.7K
$66.3K – $88.4K
NOI $5,301 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Monmouth County, NJ
Properties on Market for Office Units in Monmouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Updated office unit in Red Bank's 'Courts' community.
Where is this office unit located?
The property is located at 130 Maple Avenue #WB--4 Red Bank, NJ.
What is the asking price?
The asking price for this property is $104,900.
What are key features of this property?
This property features: Own office space instead of leasing.; Updated, modern two‑room office.; Located in the highly regarded 'Courts of Red Bank' community.
