Red Bank Office Building For
22 West Street, Red Bank, NJ 07701
COMMERCIAL - Red Bank, NJ
Property size:
2,976 SF- Added:
- Jan 27, 2026
- Days on Market:
- 110
- Last Refresh:
- May 17 at 6:06 am
Property Features for 22 West Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Parking features
- Guest
- Security features
- Security System
- Exterior features
- Lighting
- Basement
- Full
- Standard status
- Pending
- APN
- 39-00036-0000-00019
- Size
- 2,976 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16745
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Flooring type
- Tile, Wood
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Vincent Gogliormella (732) 946-9200
Listing office Heritage House Sotheby's International Realty 38 Main Street, Holmdel, NJ (732) 946-9200
Listing date Jan 27, 2026
MLS# 22602415
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.
HighLights
- Prestigious Red Bank address, enhancing business image and client perception.
- Flexible layout with three levels of prime office space.
- Eight spacious offices across the first and second floors, adaptable for various workspace configurations.
- Conference room ideal for meetings and strategy sessions.
- Private parking lot for 8 vehicles, supplemented by street parking.
- Proximity to world‑class dining, renowned theaters, and luxury shopping.
Overview
This commercial property in Red Bank, NJ, offers a blend of professional functionality and downtown charm. The flexible layout spans three levels of office space. The first and second floors each feature 4 spacious offices, outfitted with partitions to maximize individual workspaces. The third floor has two additional private offices. A large conference room is located on the second floor. A kitchen on the second level serves as a breakroom. Bathrooms are located on the first and second floors. There is storage space, including a full basement. A private lot accommodates 8 vehicles, supplemented by street parking. The property is suited for finance, accounting and wealth management, law firms and legal consultants, architects and engineering firms, insurance agencies, and creative studios. The building has a total size of 2976 square feet. The property is located in Red Bank, Monmouth County, New Jersey.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$505.9K
NOI $45,533 @ 9.00% cap · cautious / downside scenario
Moderate
$650.5K
NOI $45,533 @ 7.00% cap · market / base-case scenario
Aggressive
$910.7K
NOI $45,533 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.3k | $30.00 |
| − Vacancy | −$28.6k | −$9.60 |
| EGI | $60.7k | $20.40 |
| − OpEx | −$15.2k | −$5.10 |
| NOI | $45.5k | $15.30 |
2,976 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$650.5K
$569.2K – $758.9K
NOI $45,533 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.1K
$680.0K – $906.6K
NOI $54,397 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- Red Bank
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.079
- Latitude
- 40.3609
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Three-story office building in Red Bank, NJ with parking.
Where is this office units located?
The property is located at 22 West Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prestigious Red Bank address, enhancing business image and client perception.; Flexible layout with three levels of prime office space.; Eight spacious offices across the first and second floors, adaptable for various workspace configurations.
