Brick Office Building with Ramp
200 Monmouth Avenue Lakewood, NJ 08701
200 Monmouth Avenue, Lakewood, NJ, 08701
$849,000
For Sale
$849,000
Solid brick office building with tall windows, high ceilings, and ramp-accessible central entrance.
Property Size2,300 SF
Price / SF$369.13
Days on Market353
Property Features for 200 Monmouth Avenue
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
Imperial Real Estate Agency
Listed by
Joshua Spiegel
(833) 740-1234
Source
Actionplusrealty
Added: Aug 3, 2025 Updated: Jul 20 at 3:23 am Checked: Jul 20 at 3:23 am
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
Investment Insights
Based on property information with market context.
200 Monmouth Avenue is a solid brick office building with a classic facade featuring stone accents and a central entrance. The property includes steps and an accessibility ramp, along with tall windows designed to bring in natural light throughout the space.
Interiors are arranged with open floor areas, high ceilings, and flexible layouts currently configured for office or institutional use. A full lower level adds additional usable space and includes utility areas and restrooms.
The building’s straightforward configuration supports a range of professional office setups and can also accommodate an owner-user looking for a versatile, welcoming structure.
Interiors are arranged with open floor areas, high ceilings, and flexible layouts currently configured for office or institutional use. A full lower level adds additional usable space and includes utility areas and restrooms.
The building’s straightforward configuration supports a range of professional office setups and can also accommodate an owner-user looking for a versatile, welcoming structure.
Key Highlights
- 1950‑built solid brick office/institutional building with a classic façade and stone accents
- Central entrance with both steps and an accessibility ramp
- Tall windows and high ceilings help provide abundant natural light throughout
Local 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 | $69.0k | $30.00 |
| − Vacancy | −$22.1k | −$9.60 |
| EGI | $46.9k | $20.40 |
| − OpEx | −$11.7k | −$5.10 |
| NOI | $35.2k | $15.30 |
2,300 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Monmouth Hatzolah Garage
Ambulance Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Solid brick office building with tall windows, high ceilings, and ramp-accessible central entrance.
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: 1950‑built solid brick office/institutional building with a classic façade and stone accents; Central entrance with both steps and an accessibility ramp; Tall windows and high ceilings help provide abundant natural light throughout
