Office Building with Route 520
For Sale
Contact for pricing
186 County Road 520 Suite 3, Morganville, NJ 07751
The office property is positioned for medical or professional use and is near Routes 9 and 18.
Property Size12,000 SF
Price / SF$0.00
Days on Market153
Property Features for 186 County Road 520 Suite 3
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Office
Additional Details
Property Use
Medical or Professional Office
Building Details
Year Built
2019
Listing Agency:
Summit Realty Services Inc.
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Source:
Defelicerealtygroup
Added: Jun 3
Changed: Oct 31
Last Checked: Oct 31 at 3:35AM
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 Summit Realty Services Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property was built in 2019 and is identified as suitable for medical or professional office use. It has frontage on Route 520 and is professionally managed and maintained.
Businesses, retail uses, and residential communities surround the property. Routes 9 and 18, along with other major thoroughfares, are a short drive away.
Businesses, retail uses, and residential communities surround the property. Routes 9 and 18, along with other major thoroughfares, are a short drive away.
Key Highlights
- Route 520 frontage
- Built in 2019
- Medical and professional office use identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,675
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,573,500
$3.6M
Cap Rate 7%
$2,552,500
$2.6M
Cap Rate 9%
$1,985,278
$2.0M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$316.8K $26.40/SF
− Vacancy
−$19.0K −$1.58/SF
EGI
$297.8K $24.82/SF
− OpEx
−$119.1K −$9.93/SF
NOI
$178.7K $14.89/SF
Area
Monmouth County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,573,500
Cap Rate 7%
$2,552,500
Cap Rate 9%
$1,985,278
Alternative Uses
Best Use
Office B
$2.62M
$2.30M – $3.06M
NOI $183,600 @ 7.0% cap · market cap 655,714.29%
Second Best
Healthcare Medical
$2.55M
$2.23M – $2.98M
NOI $178,675 @ 7.0% cap · market cap 638,125.00%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,341 @ 7.0% cap · market cap 783,360.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 07751, NJ
21,493
Population
7,567
Households
2.8
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
16.6 sq mi
ZIP Area
1,295
Density / Sq Mi
$172,576
Median Household Income
$86,544
Median Earnings
$2,636
Median Rent
$663,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The office property is positioned for medical or professional use and is near Routes 9 and 18.
Where is this office building located?
The property is located at 186 County Road 520 Suite 3 Morganville, NJ.
What are key features of this property?
This property features: Route 520 frontage; Built in 2019; Medical and professional office use identified
