Flexible Second-Floor Office
For Sale
Contact for pricing
2 Meridian Road #2a, Eatontown, NJ 07724
A versatile professional layout includes private offices, shared work areas, and a break room.
Property Size1,840 SF
Price / SF$1.50
Days on Market164
Property Features for 2 Meridian Road #2a
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Property Use
Office
Amenities
open workspace
kitchen/break room
staging/media room
flex office space
private offices
shared common area restrooms
Building Details
Year Built
1983
Listing Agency:
C21 Thomson & Co.
Listed By:
Michael Fabozzi · License #1648315
(732) 945-7035
Source:
Defelicerealtygroup
Added: May 21
Changed: Oct 31
Last Checked: Oct 31 at 3:15AM
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 C21 Thomson & Co.
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Investment Insights
Based on property information with market context.
The second-floor office suite contains approximately 1,840 square feet, arranged with two private offices, an open work area, a kitchen and break room, and an additional room suited to staging, media, or flex office use. Restrooms are shared in the common area.
At 2 Meridian Road in Eatontown, the property sits just off Route 35 and offers access to major highways. Established businesses, retail, and restaurants are in the surrounding area. On-site parking is available for tenants and visitors.
At 2 Meridian Road in Eatontown, the property sits just off Route 35 and offers access to major highways. Established businesses, retail, and restaurants are in the surrounding area. On-site parking is available for tenants and visitors.
Key Highlights
- Approximately 1,840 SF of second‑floor office space
- Two private offices plus open workspace
- Kitchen and break room within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,152
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
$563.0K
Cap Rate 7%
$402,171
$402.2K
Cap Rate 9%
$312,800
$312.8K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$55.2K $30.00/SF
− Vacancy
−$17.7K −$9.60/SF
EGI
$37.5K $20.40/SF
− OpEx
−$9.4K −$5.10/SF
NOI
$28.2K $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%
$563,040
Cap Rate 7%
$402,171
Cap Rate 9%
$312,800
Alternative Uses
Best Use
Office B
$402.2K
$351.9K – $469.2K
NOI $28,152 @ 7.0% cap · market cap 1,020.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.5K
$420.4K – $560.5K
NOI $33,632 @ 7.0% cap · market cap 1,218.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 07724, NJ
23,494
Population
10,424
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
1,942
Density / Sq Mi
$99,170
Median Household Income
$53,234
Median Earnings
$1,640
Median Rent
$487,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A versatile professional layout includes private offices, shared work areas, and a break room.
Where is this office unit located?
The property is located at 2 Meridian Road #2a Eatontown, NJ.
What are key features of this property?
This property features: Approximately 1,840 SF of second‑floor office space; Two private offices plus open workspace; Kitchen and break room within the suite
