Tinton Falls Office
For Sale
$225,000
Pending
2 Hartford Drive, Tinton Falls, NJ 07701
COMMERCIAL - Tinton Falls, NJ
Property Size750 SF
Lot Size0.01 Acres
Days on Market95
Property Features for 2 Hartford Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Professional
Rooms
Basement
Parking features
Open
Security features
Security System
Interior features
Handicapped
Basement
Walk-Out Access
Accessibility
Accessible Approach with Ramp
Directions
Take Garden State Parkway South to Exit 105 for NJ-36 toward Eatontown/Long Branch, then follow Hope Road to Hartford Drive in Tinton Falls. 2 Hartford Drive will be in a residential neighborhood just off Hope Road.
Standard status
Pending
APN
49-00015-0000-00016-14
Lot size
0.01 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick
Listing Agency:
G & G Agency Inc
(732) 531-2000
Listed By:
Michael Gruosso · License #0566857
(732) 531-2000
Added: May 27
Changed: Aug 10
Last Checked: Aug 29 at 1:06PM
MLS# 22615646
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 750 SF office condo is located in Tinton Falls, New Jersey, and offers an opportunity for ownership of a professional office space. The property is situated in the heart of Tinton Falls, just minutes from downtown Red Bank and Netflix's new Fort Monmouth campus. The layout includes 3 private offices, a private bathroom, and flexible space that can be customized. It is suitable for attorneys, therapists, consultants, creatives, startups, and other small businesses seeking a highly accessible Monmouth County location. The property benefits from low-maintenance ownership with Association coverage.
Key Highlights
- Prime location in Tinton Falls, near Red Bank and Netflix's Fort Monmouth campus.
- 750 SF office condo with 3 private offices and a private bathroom.
- Flexible space suitable for various professional uses (attorneys, therapists, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,500
$229.5K
Cap Rate 7%
$163,929
$163.9K
Cap Rate 9%
$127,500
$127.5K
Market Conditions
NOI Build-Up for 750 SF
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.
Gross rent
$22.5K $30.00/SF
− Vacancy
−$7.2K −$9.60/SF
EGI
$15.3K $20.40/SF
− OpEx
−$3.8K −$5.10/SF
NOI
$11.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$229,500
Cap Rate 7%
$163,929
Cap Rate 9%
$127,500
Alternative Uses
Best Use
Office B
$163.9K
$143.4K – $191.3K
NOI $11,475 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.8K
$171.4K – $228.5K
NOI $13,709 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office space in Tinton Falls, minutes from Red Bank.
Where is this office units located?
The property is located at 2 Hartford Drive Tinton Falls, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime location in Tinton Falls, near Red Bank and Netflix's Fort Monmouth campus.; 750 SF office condo with **3 private offices and a private bathroom.**; Flexible space suitable for various professional uses (attorneys, therapists, etc.).
