Professional Office with Parking
169 Demorest Avenue Avenel, NJ 07001
169 Demorest Avenue, Avenel, NJ, 07001
$679,900
For Sale
$679,900
Well-maintained office space with parking near major highways.
Property Size1,621 SF
Lot Size0.34 Acres
Price / SF$419.43
Days on Market100
Property Features for 169 Demorest Avenue
General Information
- Standard status
- Active
- Size
- 1,621 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency
CENTURY 21 MAIN STREET REALTY
(732) 750-4663
Listed by
JOSEPH CIMILLUCA
Source
Corcoran
Added: Apr 9 Checked: Jul 17 at 4:03 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 CENTURY 21 MAIN STREET REALTY
Investment Insights
Based on property information with market context.
This well-maintained professional office space is located near major highways and New York City buses. The property includes parking for up to 10 cars, as well as a 3-car garage. Currently used as an appraisal office, the layout features a main office area, a break area, a private office, and two bathrooms. The property sits on a large, deep 150-foot lot. It is suitable for various professional uses such as an accountant, attorney, architect, or insurance office.
Key Highlights
- Parking for 10 cars plus a 3‑car garage.
- Convenient location near major highways and NY buses.
- Suitable for professional office use (Accountant, Attorney, Architect, Insurance, etc.).
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 | $48.6k | $30.00 |
| − Vacancy | −$15.6k | −$9.60 |
| EGI | $33.1k | $20.40 |
| − OpEx | −$8.3k | −$5.10 |
| NOI | $24.8k | $15.30 |
1,621 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$354.3K
$310.0K – $413.4K
NOI $24,801 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.3K
$370.4K – $493.8K
NOI $29,629 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kane Appraisal Co.
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office space with parking near major highways.
Where is this office units located?
The property is located at 169 Demorest Avenue Avenel, NJ.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Parking for 10 cars plus a **3‑car garage**.; Convenient location near major highways and NY buses.; Suitable for professional office use (Accountant, Attorney, Architect, Insurance, etc.).
