Renovated Office
For Sale
Contact for pricing
Pending
22 S Holmdel Road #1, Holmdel, NJ 07733
Three rooms provide a defined layout within a commercial building that offers a large shared parking lot.
Property Size590 SF
Days on Market1836
Property Features for 22 S Holmdel Road #1
General Information
Standard status
Pending
Size
590 SF
Property subtype
Office
Additional Details
Condition
Newly Renovated
Property Use
Office
Amenities
large shingle sign
Listing Agency:
DeFelice Realty Group, LLC
Listed By:
Carol DeFelice
(732) 581-4555
Source:
Defelicerealtygroup
Added: Oct 21, 2021
Changed: Oct 28
Last Checked: Oct 28 at 4:28PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office unit contains three rooms within an office building. The property is located at 22 S Holmdel Road #1 in Holmdel, New Jersey, and the reported property size is 590 square feet.
The building has a large parking lot and a high-visibility road frontage. A large shingle sign is available for a business identification panel. The address is in Holmdel Township’s business district.
The building has a large parking lot and a high-visibility road frontage. A large shingle sign is available for a business identification panel. The address is in Holmdel Township’s business district.
Key Highlights
- Renovated office unit with three rooms
- 590 square feet
- Large parking lot at the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,027
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,540
$180.5K
Cap Rate 7%
$128,957
$129.0K
Cap Rate 9%
$100,300
$100.3K
Market Conditions
NOI Build-Up for 590 SF
Gross rent
$17.7K $30.00/SF
− Vacancy
−$5.7K −$9.60/SF
EGI
$12.0K $20.40/SF
− OpEx
−$3.0K −$5.10/SF
NOI
$9.0K $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%
$180,540
Cap Rate 7%
$128,957
Cap Rate 9%
$100,300
Alternative Uses
Best Use
Office B
$129.0K
$112.8K – $150.5K
NOI $9,027 @ 7.0% cap · market cap 911.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$154.1K
$134.8K – $179.7K
NOI $10,784 @ 7.0% cap · market cap 1,089.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
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 - Three rooms provide a defined layout within a commercial building that offers a large shared parking lot.
Where is this office unit located?
The property is located at 22 S Holmdel Road #1 Holmdel, NJ.
What are key features of this property?
This property features: Renovated office unit with three rooms; 590 square feet; Large parking lot at the building
