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    Middletown Commercial Building For Lease Title is generated by Realmo AI

    2 Kings Highway, Middletown, NJ 07748

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    COMMERCIAL - Middletown, NJ

    Property size:
    5,531 SF
    Lot size:
    0.53 Acres
    Added:
    May 30, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 2 at 12:06 am

    Property Features for 2 Kings Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    19
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    32-00816-0000-00003
    Size
    5,531 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    18140

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Jeanne A. Rich

    Listing agent Jeanne A. Rich License #8840733

    Listing office Coldwell Banker Realty 864 Highway 35, Spring Lake, NJ

    Listing date May 30, 2026

    MLS# 22616061

    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.

    HighLights

    • Prime corner location on Kings Highway and Route 35.
    • B‑3 zoning allows for a wide range of uses.
    • Stand‑alone building with 5,531 sq ft.
    • 19 on‑site parking spaces available.
    • Proximity to neighboring municipalities, GSP, and train station.
    • Newer roof and two‑zoned HVAC system.

    Overview

    This stand-alone building offers 5,531 square feet of space and is situated on a prime corner lot at the intersection of Kings Highway and Route 35 in Middletown, New Jersey, near the Municipal Building, Police station, and Real Estate Office. The property is zoned B-3, accommodating various uses such as urgent care, wellness center, veterinary or animal hospital with boarding, physical therapy, pain management center, florist, deli, and retail. The building features a newer roof and includes 19 on-site parking spaces, two of which are handicap accessible. It is equipped with a two-zoned HVAC system with three air handlers and condensers. The location is 5 to 15 minutes to most neighboring municipalities: Red Bank, Fair Haven, Rumson, Shrewsbury, Hazlet, Holmdel, Port Monmouth, Belford, Leonardo, Atlantic Highlands, Highlands, Keyport, Keansburg and Union Beach. The property is also located 10 minutes to the Garden State Parkway and 5 minutes to the Train station. The lot size is 0.53 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Middletown Animal Hospital: Yurkus Michael D DVM — 1330 NJ-35, Middletown Township, NJ 07748
    • Middletown Animal Hospital: Mitra Matthias M DVM — 1330 NJ-35, Middletown Township, NJ 07748
    • Middletown Animal Hospital — 1330 NJ-35, Middletown Township, NJ 07748
    • Middletown Animal Hospital: Margolis Aisha DVM — 1330 NJ-35, Middletown Township, NJ 07748
    • Middletown Animal Hospital: Velazquez Francisco DVM — 1330 NJ-35, Middletown Township, NJ 07748

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.10247
    Latitude
    40.393298

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    FAQs

    What type of property is this?
    Medical Office Space - Stand-alone building on prime corner location, many uses allowed.
    Where is this medical office space located?
    The property is located at 2 Kings Highway Middletown, NJ.
    What are key features of this property?
    This property features: Prime corner location on Kings Highway and Route 35.; B‑3 zoning allows for a wide range of uses.; Stand‑alone building with 5,531 sq ft.
    (732) 671-1000
    We can help!
    Listing Contact
    Jeanne A. Rich
    Real Estate License ID: 8840733
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2 Kings Highway, Middletown, NJ 07748
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