Renovated Three-Room Office
For Sale
Contact for pricing
Pending
45 Main Street #5, Holmdel, NJ 07733
A private first-level suite offers a three-room layout and its own half bath.
Property Size700 SF
Days on Market1597
Property Features for 45 Main Street #5
General Information
Standard status
Pending
Size
700 SF
Property subtype
Office
Space & Availability
Floor
1
Condition
Turnkey
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Listing Agency:
DeFelice Realty Group, LLC
Listed By:
Carol DeFelice
(732) 581-4555
Source:
Defelicerealtygroup
Added: Jun 17, 2022
Changed: Oct 28
Last Checked: Oct 28 at 4:08PM
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 DeFelice Realty Group, LLC
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Investment Insights
Based on property information with market context.
This renovated office suite contains 700 square feet arranged across three rooms, with a private half bath and a first-level position. A neutral paint scheme and a floor plan designed around multiple rooms define the interior configuration.
The property is at 45 Main Street in Holmdel, along Route 520, also identified as Main Street and Newman Springs Road. Parking is available in a front lot for patrons and a rear lot for tenants and workers.
The property is at 45 Main Street in Holmdel, along Route 520, also identified as Main Street and Newman Springs Road. Parking is available in a front lot for patrons and a rear lot for tenants and workers.
Key Highlights
- 700‑square‑foot office suite with three rooms
- Private half bath
- First‑level location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,710
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,200
$214.2K
Cap Rate 7%
$153,000
$153.0K
Cap Rate 9%
$119,000
$119.0K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$21.0K $30.00/SF
− Vacancy
−$6.7K −$9.60/SF
EGI
$14.3K $20.40/SF
− OpEx
−$3.6K −$5.10/SF
NOI
$10.7K $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%
$214,200
Cap Rate 7%
$153,000
Cap Rate 9%
$119,000
Alternative Uses
Best Use
Office B
$153.0K
$133.9K – $178.5K
NOI $10,710 @ 7.0% cap · market cap 1,098.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 1,312.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 07733, NJ
17,266
Population
6,318
Households
2.7
Avg Household Size
46
Median Age
67%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
970
Density / Sq Mi
$175,559
Median Household Income
$100,004
Median Earnings
$3,501
Median Rent
$814,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A private first-level suite offers a three-room layout and its own half bath.
Where is this office unit located?
The property is located at 45 Main Street #5 Holmdel, NJ.
What are key features of this property?
This property features: 700‑square‑foot office suite with three rooms; Private half bath; First‑level location
