Professional Office Condo with Three
2 Hartford Drive Unit 104 Tinton Falls, NJ 07701
For Sale
$225,000
Office condo offering three private offices and a private bathroom for professional services and small businesses.
Property Size750 SF
Price / SF$300
Days on Market94
Property Features for 2 Hartford Drive Unit 104
General Information
Standard status
Active
Size
750 SF
Property subtype
General Commercial
Listing Agency:
Maui Luxury Real Estate LLC
(808) 280-5987
Listed By:
Adam Rixey · License #0566857
(808) 280-5987
Source:
Xome
Added: Apr 27
Changed: Jul 6
Last Checked: Jul 18 at 1:37AM
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 Maui Luxury Real Estate LLC
Investment Insights
Based on property information with market context.
This for-sale office condo is approximately 750 SF and is configured with three private offices, a private bathroom, and additional flexible space that can support a range of professional office layouts. The unit is designed for a self-contained work environment, with the private offices supporting separate offices, consultations, or focused work areas.
Located at 2 Hartford Drive in Tinton Falls, the property is positioned for convenient access to downtown Red Bank and is described as being just minutes from Netflix’s new Fort Monmouth campus. As an office condo, it also benefits from association coverage intended to support low-maintenance ownership.
The space is well suited for owner-occupants and small businesses that need dedicated rooms for client-facing meetings, appointments, or individual work, along with room to adapt the remaining area for day-to-day operations. It may also be a practical fit for buyers seeking professional-use space in Monmouth County where ongoing responsibilities are supported by association coverage.
Located at 2 Hartford Drive in Tinton Falls, the property is positioned for convenient access to downtown Red Bank and is described as being just minutes from Netflix’s new Fort Monmouth campus. As an office condo, it also benefits from association coverage intended to support low-maintenance ownership.
The space is well suited for owner-occupants and small businesses that need dedicated rooms for client-facing meetings, appointments, or individual work, along with room to adapt the remaining area for day-to-day operations. It may also be a practical fit for buyers seeking professional-use space in Monmouth County where ongoing responsibilities are supported by association coverage.
Key Highlights
- Approximately 750 SF office condo with 3 private offices and flexible space for professional uses
- Includes a private bathroom
- Central air cooling and heating (3 listed)
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 | $22.5k | $30.00 |
| − Vacancy | −$7.2k | −$9.60 |
| EGI | $15.3k | $20.40 |
| − OpEx | −$3.8k | −$5.10 |
| NOI | $11.5k | $15.30 |
750 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office condo offering three private offices and a private bathroom for professional services and small businesses.
Where is this office units located?
The property is located at 2 Hartford Drive 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 condo with 3 private offices and flexible space for professional uses; Includes a private bathroom; Central air cooling and heating (3 listed)
