Building Details

Year Built 1930

Listing Agency: Realty One Group Emerge j***@rogemerge.com

Listed By: Margaret Bednarczyk · License #1221299 Show Phone

Source: Defelicerealtygroup

Added: Oct 13 Changed: Oct 31 Last Checked: Oct 31 at 2:25PM

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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 Realty One Group Emerge

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This office unit has two separate offices and a bathroom. The interior was recently painted, and the building dates to 1930.

The property is at 217 Main Avenue in Bay Head, directly on Route 35 and about a block from the beach.

Key Highlights

• Two offices and one bathroom
• Recently painted interior
• Directly on Route 35 at 217 Main Avenue, Bay Head

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$4,667

Suggested Prices Based on Cap Rates

Cap Rate 5%

$93,340 $93.3K

Cap Rate 7%

$66,671 $66.7K

Cap Rate 9%

$51,856 $51.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 305 SF

Gross rent

$9.2K $30.00/SF

− Vacancy

−$2.9K −$9.60/SF

EGI

$6.2K $20.40/SF

− OpEx

−$1.6K −$5.10/SF

NOI

$4.7K $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%

$93,340

Cap Rate 7%

$66,671

Cap Rate 9%

$51,856

Alternative Uses

Best Use

Office B

$66.7K

$58.3K – $77.8K (±1% cap)

NOI $4,667 @ 7.0% cap · market cap 71.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$79.6K

$69.7K – $92.9K (±1% cap)

NOI $5,575 @ 7.0% cap · market cap 85.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Building Supply Spa & Massage Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

379

Businesses Nearby

Explore this area Business Placement

Demographics for 08742, NJ

25,056

Population

12,604

Households

2

Avg Household Size

46

Median Age

52%

College-Educated

95%

High-School Grad

5.6 sq mi

ZIP Area

4,474

Density / Sq Mi

$111,983

Median Household Income

$57,547

Median Earnings

$1,879

Median Rent

$576,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - The space includes a bathroom and was recently painted.

Where is this office unit located?

The property is located at 217 Main Avenue Bay Head, NJ.

What are key features of this property?

This property features: Two offices and one bathroom; Recently painted interior; Directly on Route 35 at 217 Main Avenue, Bay Head