Listing Agency: Silvera Realty Co.

Listed By: Esther Silvera · License #1643477 Show Phone

Source: Defelicerealtygroup

Added: Nov 18, 2025 Changed: Oct 31 Last Checked: Oct 31 at 2:58AM

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Investment Insights

Based on property information with market context.

This first-floor office suite in Building B offers approximately 900 square feet arranged with an open area, private offices, and a reception space. The property is part of a professional complex with ample parking, and the suite is described as move-in ready.

The West Long Branch address provides access to Routes 36, 71, and 18. Monmouth University, Monmouth Medical Center, and local shopping are nearby.

Key Highlights

• Approximately 900 sq ft
• First‑floor suite in Building B of a professional complex
• Open layout, private offices, and reception area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,770

Suggested Prices Based on Cap Rates

Cap Rate 5%

$275,400 $275.4K

Cap Rate 7%

$196,714 $196.7K

Cap Rate 9%

$153,000 $153.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 900 SF

Gross rent

$27.0K $30.00/SF

− Vacancy

−$8.6K −$9.60/SF

EGI

$18.4K $20.40/SF

− OpEx

−$4.6K −$5.10/SF

NOI

$13.8K $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%

$275,400

Cap Rate 7%

$196,714

Cap Rate 9%

$153,000

Alternative Uses

Best Use

Office B

$196.7K

$172.1K – $229.5K (±1% cap)

NOI $13,770 @ 7.0% cap · market cap 888.39%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$235.0K

$205.6K – $274.2K (±1% cap)

NOI $16,451 @ 7.0% cap · market cap 1,061.35%

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

Orsini, Gilson, and Miller ... Physician Cosmedx Comfort LLC. Skin Care Clinic Live Better Hearing ... Physician Paul Barnickel Physician Dr. Robert Murphy Pediatrician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Garden Center Daycare Center Butcher Bakery

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

Location Intelligence

Trade Area within ½ mile

653

Businesses Nearby

Explore this area Business Placement

Demographics for 07764, NJ

8,587

Population

3,030

Households

2.8

Avg Household Size

31

Median Age

46%

College-Educated

92%

High-School Grad

2.9 sq mi

ZIP Area

2,961

Density / Sq Mi

$123,661

Median Household Income

$48,446

Median Earnings

$1,936

Median Rent

$631,300

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 - A roughly 900-square-foot suite combines open workspace, private offices, and a reception area within a professional complex.

Where is this office unit located?

The property is located at 223 Monmouth Road First Floor West Long Branch, NJ.

What are key features of this property?

This property features: Approximately 900 sq ft; First‑floor suite in Building B of a professional complex; Open layout, private offices, and reception area