Office Unit with Reception
For Sale
Contact for pricing
2-239 Avenel St, Avenel, NJ 07001
Tiled professional suite with three offices, client waiting space, reception, and dedicated storage.
Property Size10,000 SF
Price / SF$0.15
Days on Market67
Property Features for 2-239 Avenel St
General Information
Standard status
Active
Size
10,000 SF
Taxes and HOA fees
Annual Taxes
$34,169
Listing Agency:
BHHS FOX & ROACH REALTORS
(732) 946-3200
Listed By:
RHONDA L. BECK EDWARDS
Source:
Exprealty
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 23 at 12:19PM
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 BHHS FOX & ROACH REALTORS
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 unit features a practical interior layout with three private offices, a waiting area, reception space, and a storage room. Tiled flooring runs throughout the suite, supporting a clean, consistent finish for professional occupancy. The space is located at 2-239 Avenel St in Avenel, New Jersey.
The unit can be combined with Unit 4 to create more than 1,400 square feet of workspace. Occupants are responsible for utilities serving their individual space, and the property has no CAM charges.
The unit can be combined with Unit 4 to create more than 1,400 square feet of workspace. Occupants are responsible for utilities serving their individual space, and the property has no CAM charges.
Key Highlights
- Three offices plus waiting, reception, and storage areas
- Tiled flooring throughout the office unit
- Can be combined with Unit 4 for over 1,400 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $15.30/SF
Area
Middlesex 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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 10,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 12,185.60%
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
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Tiled professional suite with three offices, client waiting space, reception, and dedicated storage.
Where is this office unit located?
The property is located at 2-239 Avenel St Avenel, NJ.
What are key features of this property?
This property features: Three offices plus waiting, reception, and storage areas; Tiled flooring throughout the office unit; Can be combined with Unit 4 for over 1,400 sq. ft.
