Mixed-Use Property with Attached
For Sale
$1,100,000
140 Tindall Rd, Middletown, NJ 07748
Professional office improvements are paired with a four-bedroom home and on-site parking.
Property Size4,848 SF
Price / SF$226.90
Days on Market52
Property Features for 140 Tindall Rd
General Information
Standard status
Active
Size
4,848 SF
Building Details
Year Built
1953
Listing Agency:
Corcoran Baer & McIntosh
Listed By:
Pamela Woodward · License #9236013 (NJ)
(732) 859-0594
Source:
Obrienrealtyllc
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 7 at 1:52PM
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 Corcoran Baer & McIntosh
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Investment Insights
Based on property information with market context.
This mixed-use property combines a physician-office layout with an attached four-bedroom residence. The office area includes a waiting room, reception space, four exam rooms, a private office, two half bathrooms, storage, a staff kitchen, and an additional office or room. The residence offers spacious rooms, wood floors, two fireplaces, a partially finished basement, a two-car garage, and multi-zone heating and central air conditioning.
Built in 1953, the property is located at 140 Tindall Rd in Middletown, NJ. On-site parking supports the office component, while the central setting provides access to nearby restaurants, schools, and a library. The existing combination of professional and residential space offers a distinctive configuration for an owner-user or rental strategy.
Built in 1953, the property is located at 140 Tindall Rd in Middletown, NJ. On-site parking supports the office component, while the central setting provides access to nearby restaurants, schools, and a library. The existing combination of professional and residential space offers a distinctive configuration for an owner-user or rental strategy.
Key Highlights
- Office layout includes 4 exam rooms, reception space, waiting room, private office, storage, and staff kitchen
- Attached 4‑bedroom residence with 2 fireplaces and wood floors
- Partially finished basement and 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,174
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,480
$1.5M
Cap Rate 7%
$1,059,629
$1.1M
Cap Rate 9%
$824,156
$824.2K
Market Conditions
NOI Build-Up for 4,848 SF
Gross rent
$145.4K $30.00/SF
− Vacancy
−$46.5K −$9.60/SF
EGI
$98.9K $20.40/SF
− OpEx
−$24.7K −$5.10/SF
NOI
$74.2K $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%
$1,483,480
Cap Rate 7%
$1,059,629
Cap Rate 9%
$824,156
Alternative Uses
Best Use
Office B
$1.06M
$927.2K – $1.24M
NOI $74,174 @ 7.0% cap · market cap 6.74%
Second Best
Healthcare Medical
$1.03M
$902.3K – $1.20M
NOI $72,185 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,614 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Professional office improvements are paired with a four-bedroom home and on-site parking.
Where is this mixed-use property located?
The property is located at 140 Tindall Rd Middletown, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Office layout includes 4 exam rooms, reception space, waiting room, private office, storage, and staff kitchen; Attached 4‑bedroom residence with 2 fireplaces and wood floors; Partially finished basement and 2‑car garage
