Second-Floor Office Condo
For Sale
$330,000
2130 Highway 35, Sea Girt, NJ 08750
COMMERCIAL - Sea Girt, NJ
Property Size1,090 SF
Lot Size0.02 Acres
Price / SF$302.75
Days on Market138
Property Features for 2130 Highway 35
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional
Parking features
Parking Lot, Off Street
Directions
Exit 98 to Alliare Rd. Make Left onto Route 35. Head south past two traffic lights. Building 1 located east side of highway across the street from Design Line Kitchen and Soar Rehab. Bordering roads are between ocean rd in spring lake heights and sea girt ave sea girt. Honda dealer to the north, Brook 35 Plaza to the south.
Subdivision
Sea Girt Est.
Standard status
Active
APN
52-00276-0000-00026-0124
Size
1,090 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5046
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Listing Agency:
Sitar Realty Company
(732) 449-2000
Listed By:
Thomas Deveney
(732) 449-2000
Added: Apr 7
Changed: Aug 4
Last Checked: Aug 22 at 2:06PM
MLS# 22609272
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.
Investment Insights
Based on property information with market context.
Turn-key second-floor office condo in the Brook 35 Park office condo complex. The unit includes a waiting room, three offices (two average size and one large office), a secretary/file room, a common area kitchenette/storage room, and two separate bathrooms. The layout is designed to support a wide range of professional uses as either a main or satellite location.
The property sits on a 0.02-acre lot and was built in 1987. It totals 1,090 square feet and features forced air heating. Public water and public sewer services are provided. Parking is available off street in a parking lot setting.
This is a straightforward, ready-to-operate office space configured around multiple private rooms, supporting client-facing work areas and day-to-day office functions within one suite.
The property sits on a 0.02-acre lot and was built in 1987. It totals 1,090 square feet and features forced air heating. Public water and public sewer services are provided. Parking is available off street in a parking lot setting.
This is a straightforward, ready-to-operate office space configured around multiple private rooms, supporting client-facing work areas and day-to-day office functions within one suite.
Key Highlights
- Second‑floor office condo in Brook 35 Park complex
- Waiting room plus three offices, secretary/file room, and two bathrooms
- Common area kitchenette/storage room included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,677
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,540
$333.5K
Cap Rate 7%
$238,243
$238.2K
Cap Rate 9%
$185,300
$185.3K
Market Conditions
NOI Build-Up for 1,090 SF
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.
Gross rent
$32.7K $30.00/SF
− Vacancy
−$10.5K −$9.60/SF
EGI
$22.2K $20.40/SF
− OpEx
−$5.6K −$5.10/SF
NOI
$16.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$333,540
Cap Rate 7%
$238,243
Cap Rate 9%
$185,300
Alternative Uses
Best Use
Office B
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.6K
$249.0K – $332.1K
NOI $19,923 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 08750, NJ
3,505
Population
2,032
Households
1.7
Avg Household Size
55
Median Age
71%
College-Educated
99%
High-School Grad
1.9 sq mi
ZIP Area
1,845
Density / Sq Mi
$150,357
Median Household Income
$66,603
Median Earnings
$2,039
Median Rent
$1,117,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condo with a waiting room, three offices, kitchenette/storage, and two bathrooms in a Brook 35 Park complex.
Where is this office units located?
The property is located at 2130 Highway 35 Sea Girt, NJ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Second‑floor office condo in Brook 35 Park complex; Waiting room plus three offices, secretary/file room, and two bathrooms; Common area kitchenette/storage room included
