Industrial-Flex Building with Drive-In
For Sale
Contact for pricing
15 Fairview Avenue, Little Silver, NJ 07739
Well-maintained industrial/flex building offers two 15-foot automatic drive-in doors, finished office space with A/C, and 13.7-foot clear height.
Property Size3,900 SF
Lot Size0.37 Acres
Price / SF$333.33
Days on Market51
Property Features for 15 Fairview Avenue
General Information
Standard status
Active
Size
3,900 SF
Lot size
0.37 Acres
Property subtype
Industrial
Zoning
B-1
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2013
Listing Agency:
Starker Commercial Realty LLC
Listed By:
Susan Taylor · License #NJ 0449027
Source:
Crexi
Added: Jul 7
Changed: Aug 14
Last Checked: Aug 26 at 9:11AM
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 Starker Commercial Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained 3,900-square-foot industrial/flex building is set on a 90' x 180' (irregular) lot and built for functional day-to-day operations. The warehouse area includes two 15-foot automatic drive-in doors and 13.7-foot clear ceiling height (12 feet to beam). Finished office space is included with air conditioning, along with a warehouse heating unit to support year-round use.
The property is located on Fairview Avenue in Little Silver, with access to Route 35, Route 36, and the Garden State Parkway. It is minutes from Downtown Red Bank and the Little Silver NJ Transit Station.
Additional building improvements noted include a roof replacement in 2013. The layout supports a range of industrial/flex applications, including warehouse, light manufacturing, contractor, service, distribution, and flex users.
The property is located on Fairview Avenue in Little Silver, with access to Route 35, Route 36, and the Garden State Parkway. It is minutes from Downtown Red Bank and the Little Silver NJ Transit Station.
Additional building improvements noted include a roof replacement in 2013. The layout supports a range of industrial/flex applications, including warehouse, light manufacturing, contractor, service, distribution, and flex users.
Key Highlights
- 3,900 SF well‑maintained industrial/flex building with finished office space and open warehouse layout.
- Two 15’ automatic drive‑in doors for easy loading and truck access.
- 13.7’ clear ceiling height (12’ to beam) with finished office space.
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
$63,972
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
4.92%
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%
$1,279,440
$1.3M
Cap Rate 7%
$913,886
$913.9K
Cap Rate 9%
$710,800
$710.8K
Market Conditions
NOI Build-Up for 3,900 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
$126.8K $32.52/SF
− Vacancy
−$28.4K −$7.28/SF
EGI
$98.4K $25.24/SF
− OpEx
−$34.4K −$8.83/SF
NOI
$64.0K $16.40/SF
Area
Monmouth County, NJ
Vacancy
22.40%
Lease Rate
$32.52 /SF/Yr
Expense Ratio
35.00%
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%
$1,279,440
Cap Rate 7%
$913,886
Cap Rate 9%
$710,800
Alternative Uses
Best Use
Flex RnD
$913.9K
$799.7K – $1.07M
NOI $63,972 @ 7.0% cap · market cap 4.92%
Second Best
Warehouse
$648.5K
$567.5K – $756.6K
NOI $45,397 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.02M
$891.1K – $1.19M
NOI $71,286 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07739, NJ
6,122
Population
2,352
Households
2.6
Avg Household Size
45
Median Age
80%
College-Educated
99%
High-School Grad
2.7 sq mi
ZIP Area
2,267
Density / Sq Mi
$220,746
Median Household Income
$94,569
Median Earnings
$3,501
Median Rent
$870,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained industrial/flex building offers two 15-foot automatic drive-in doors, finished office space with A/C, and 13.7-foot clear height.
Where is this flex space located?
The property is located at 15 Fairview Avenue Little Silver, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,900 SF well‑maintained industrial/flex building with finished office space and open warehouse layout.; Two 15’ automatic drive‑in doors for easy loading and truck access.; 13.7’ clear ceiling height (12’ to beam) with finished office space.
