Flex Space Building with
1405 State Route 35 Asbury Park, NJ 07712
1405 State Route 35, Asbury Park, NJ, 07712
$2,950,000
For Sale
$2,950,000
COMMERCIAL - Ocean Twp, NJ
Property Size13,814 SF
Lot Size2.20 Acres
Price / SF$213.55
Days on Market47
Property Features for 1405 State Route 35
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 37-00197-0000-00008
- Size
- 13,814 SF
- Lot size
- 2.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 31987
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 2
Listing Agency
Town & Country Real Estate Consultants
(732) 531-1114
204 Monmouth Road, Eatontown, NJ
Listed by
Esther Ashkenazi
(732) 531-1114
Added: Jun 5 Checked: Jul 21 at 12:06 am
MLS# 22616939
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is an approximately 14,000-square-foot commercial building positioned to support flexible, long-term use. The layout is described as efficient and adaptable, with interior flexibility intended to accommodate a wide range of business needs. The building is presented as suitable for either single-user occupancy or partial owner occupancy, with the ability to support different commercial configurations through customized build-out.
The site includes on-site parking and is described as offering strong highway visibility with easy access for clients, staff, and deliveries. The property is located at 1405 State Route 35 in Ocean Twp, New Jersey, within Monmouth County.
For tenants, buyers, or operators looking to establish or expand in a space they can own, the building’s versatility aligns with uses identified in the offering, including medical use, professional offices, showrooms, or mixed commercial operations. The combination of flexible interior layout and practical site access can be beneficial for teams that need a property capable of evolving with their operational requirements over time.
The site includes on-site parking and is described as offering strong highway visibility with easy access for clients, staff, and deliveries. The property is located at 1405 State Route 35 in Ocean Twp, New Jersey, within Monmouth County.
For tenants, buyers, or operators looking to establish or expand in a space they can own, the building’s versatility aligns with uses identified in the offering, including medical use, professional offices, showrooms, or mixed commercial operations. The combination of flexible interior layout and practical site access can be beneficial for teams that need a property capable of evolving with their operational requirements over time.
Key Highlights
- Approx. 14,000 SF commercial building built in 1973
- Forced air heating system
- Public water and public sewer
Local Financial Insights For Flex RnD
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 | $449.2k | $32.52 |
| − Vacancy | −$100.6k | −$7.28 |
| EGI | $348.6k | $25.24 |
| − OpEx | −$122.0k | −$8.83 |
| NOI | $226.6k | $16.40 |
13,814 SF · lease $32.52/SF/yr · vacancy 22.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.24M
$2.83M – $3.78M
NOI $226,592 @ 7.0% cap · market cap 7.68%
Second Best
Office B
$3.02M
$2.64M – $3.52M
NOI $211,354 @ 7.0% cap · market cap 7.16%
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
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Falco's Catering — The Renaissance, 1110 NJ-35, Ocean Township, NJ 07712
- Wegmans Catering — 1104 NJ-35, Ocean Township, NJ 07712
FAQs
What type of property is this?
Flex space - Multi-use commercial building with flexible interior and on-site parking for owner-occupants and mixed operations.
Where is this flex space 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: Approx. 14,000 SF commercial building built in 1973; Forced air heating system; Public water and public sewer
