Brick Office
For Sale
$849,000
Pending
200 Monmouth Avenue, Lakewood, NJ 08701
Open floor areas and a full lower level support office or institutional layouts.
Property Size2,300 SF
Days on Market287
Property Features for 200 Monmouth Avenue
General Information
Standard status
Pending
Size
2,300 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Imperial Real Estate Agency
Listed By:
Joshua Spiegel · License #1754739
(732) 905-5511
Source:
Defelicerealtygroup
Added: Jan 22
Changed: Nov 3
Last Checked: Nov 4 at 6:48AM
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 Imperial Real Estate Agency
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,300-square-foot office property has a brick exterior with stone detailing and tall windows. The main level features open areas, high ceilings, and adaptable room arrangements. A separate lower level adds utility areas and restrooms. The entrance includes stairs and an accessibility ramp.
Located at 200 Monmouth Avenue in Lakewood, the property is configured for office or institutional use.
Located at 200 Monmouth Avenue in Lakewood, the property is configured for office or institutional use.
Key Highlights
- 2,300‑square‑foot office building constructed in 1950
- Open main‑level areas with high ceilings and adaptable layouts
- Full lower level with utility areas and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,190
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,800
$703.8K
Cap Rate 7%
$502,714
$502.7K
Cap Rate 9%
$391,000
$391.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$69.0K $30.00/SF
− Vacancy
−$22.1K −$9.60/SF
EGI
$46.9K $20.40/SF
− OpEx
−$11.7K −$5.10/SF
NOI
$35.2K $15.30/SF
Area
Ocean 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%
$703,800
Cap Rate 7%
$502,714
Cap Rate 9%
$391,000
Alternative Uses
Best Use
Office B
$502.7K
$439.9K – $586.5K
NOI $35,190 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.6K
$525.5K – $700.7K
NOI $42,040 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,421
Businesses Nearby
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Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
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 building - Open floor areas and a full lower level support office or institutional layouts.
Where is this office building located?
The property is located at 200 Monmouth Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,300‑square‑foot office building constructed in 1950; Open main‑level areas with high ceilings and adaptable layouts; Full lower level with utility areas and restrooms
