Four-Office
For Sale
Contact for pricing
208 Maple Avenue Suite 4, Red Bank, NJ 07701
Second-floor workspace includes a private bathroom and shared area for waiting or meetings.
Property Size1,200 SF
Price / SF$0.96
Days on Market150
Property Features for 208 Maple Avenue Suite 4
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
Second Floor
Property Use
Office
Amenities
4 private offices
shared common area
private bathroom
Building Details
Year Built
1920
Listing Agency:
Heritage House Sotheby's International Realty
Listed By:
Kelly Sherman · License #1327097
(732) 842-8100
Source:
Defelicerealtygroup
Added: Jun 5
Changed: Oct 31
Last Checked: Oct 31 at 3:21AM
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 Heritage House Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot office unit occupies the second floor and is arranged with four private offices, a shared common area, and a private bathroom. The shared space can serve as a waiting area or meeting room. Existing furniture may remain for tenant use by arrangement.
The suite is at 208 Maple Avenue in Red Bank, minutes from the Garden State Parkway, the train station, and downtown. The building dates to 1920.
The suite is at 208 Maple Avenue in Red Bank, minutes from the Garden State Parkway, the train station, and downtown. The building dates to 1920.
Key Highlights
- Four private offices and a shared common area
- Private bathroom within the suite
- 1,200 square feet on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,360
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,200
$367.2K
Cap Rate 7%
$262,286
$262.3K
Cap Rate 9%
$204,000
$204.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$36.0K $30.00/SF
− Vacancy
−$11.5K −$9.60/SF
EGI
$24.5K $20.40/SF
− OpEx
−$6.1K −$5.10/SF
NOI
$18.4K $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%
$367,200
Cap Rate 7%
$262,286
Cap Rate 9%
$204,000
Alternative Uses
Best Use
Office B
$262.3K
$229.5K – $306.0K
NOI $18,360 @ 7.0% cap · market cap 1,596.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 1,907.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace includes a private bathroom and shared area for waiting or meetings.
Where is this office unit located?
The property is located at 208 Maple Avenue Suite 4 Red Bank, NJ.
What are key features of this property?
This property features: Four private offices and a shared common area; Private bathroom within the suite; 1,200 square feet on the second floor
