Commercial Building with On-Site
1405 State Route 35 Asbury Park, NJ 07712
1405 State Route 35, Asbury Park, NJ, 07712
$2,950,000
For Sale
$2,950,000
Approximately 14,000 sq ft commercial building with flexible interior layout and on-site parking, positioned for strong highway visibility.
Property Size13,814 SF
Price / SF$213.55
Days on Market84
Property Features for 1405 State Route 35
General Information
- Standard status
- Active
- Size
- 13,814 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing Agency
Town & Country Real Estate Consultants
Listed by
Esther Ashkenazi
(833) 740-1234
Source
Actionplusrealty
Added: Apr 25 Checked: Jul 17 at 2:51 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 Town & Country Real Estate Consultants
Investment Insights
Based on property information with market context.
Located at 1405 State Route 35, Ocean Twp, NJ 07712, this approximately 14,000 sq ft commercial building offers a flexible interior designed to support long-term growth. The layout is described as efficient and capable of accommodating a wide range of uses, including medical, professional offices, showroom, or mixed commercial operations. The building is also presented as suitable for either single-user occupancy or partial owner occupancy, with flexibility intended to allow for build-out to fit a specific business need.
The property is positioned for strong highway visibility and easy access for clients, staff, and deliveries, and it includes on-site parking. This combination of functional interior space and convenient access makes the building well-suited for an owner-occupant seeking to establish or expand operations in a property they can control directly.
The property is positioned for strong highway visibility and easy access for clients, staff, and deliveries, and it includes on-site parking. This combination of functional interior space and convenient access makes the building well-suited for an owner-occupant seeking to establish or expand operations in a property they can control directly.
Key Highlights
- Approximately 14,000 SF commercial building with a flexible interior layout for multiple business uses
- Year built: 1973 commercial building designed for flexible long‑term growth
- Can accommodate a wide range of uses including medical, professional offices, showroom, or mixed commercial operations
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 | $414.4k | $30.00 |
| − Vacancy | −$132.6k | −$9.60 |
| EGI | $281.8k | $20.40 |
| − OpEx | −$70.5k | −$5.10 |
| NOI | $211.4k | $15.30 |
13,814 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,354 @ 7.0% cap · market cap 7.16%
Second Best
Healthcare Medical
$2.94M
$2.57M – $3.43M
NOI $205,685 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,498 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Approximately 14,000 sq ft commercial building with flexible interior layout and on-site parking, positioned for strong highway visibility.
Where is this office building located?
The property is located at 1405 State Route 35 Asbury Park, NJ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approximately 14,000 SF commercial building with a flexible interior layout for multiple business uses; Year built: 1973 commercial building designed for flexible long‑term growth; Can accommodate a wide range of uses including medical, professional offices, showroom, or mixed commercial operations
