Office Condo With Private
For Sale
$225,000
2 Hartford Dr Unit 104, Tinton Falls, NJ 07701
Three enclosed offices, an in-unit bathroom, and adaptable workspace support a range of professional operations.
Property Size750 SF
Price / SF$300
Days on Market73
Property Features for 2 Hartford Dr Unit 104
General Information
Standard status
Active
Size
750 SF
Listing Agency:
G & G Agency Inc
Listed By:
Michael Gruosso · License #0566857
(732) 704-4033
Source:
Soldbypattie
Added: Aug 5
Changed: Sep 5
Last Checked: Oct 7 at 3:41PM
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 G & G Agency Inc
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Investment Insights
Based on property information with market context.
This office condominium provides approximately 750 SF of workspace arranged with three private offices and a dedicated bathroom. The layout also includes flexible area that may be customized for professional operations, making the suite suitable for a range of small-business formats.
The property is located at 2 Hartford Dr Unit 104 in Tinton Falls, with downtown Red Bank and the Fort Monmouth Netflix campus only minutes away. Association coverage supports a low-maintenance ownership structure by addressing property maintenance responsibilities.
The property is located at 2 Hartford Dr Unit 104 in Tinton Falls, with downtown Red Bank and the Fort Monmouth Netflix campus only minutes away. Association coverage supports a low-maintenance ownership structure by addressing property maintenance responsibilities.
Key Highlights
- Approximately 750 SF office condominium
- Three private offices and a private bathroom
- Flexible interior space that can be customized
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,475
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Three enclosed offices, an in-unit bathroom, and adaptable workspace support a range of professional operations.
Where is this office units located?
The property is located at 2 Hartford Dr Unit 104 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: Approximately 750 SF office condominium; Three private offices and a private bathroom; Flexible interior space that can be customized
