Building Details

Year Built 1987

Listing Agency: C21/ Action Plus Realty c***@actionplusrealty.com

Listed By: Bernard O Gutherz · License #0336386 Show Phone

Source: Defelicerealtygroup

Added: Apr 28 Changed: Oct 31 Last Checked: Oct 31 at 3:13AM

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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 C21/ Action Plus Realty

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Investment Insights

Based on property information with market context.

This 8,000-square-foot flex property offers two main entrances and dock-height loading. Interior clear height ranges from 16 to 18 feet, and the building dates to 1987.

The property is at 2248 US 9 in Howell, New Jersey, with access to Interstate 195 nearby.

Key Highlights

• 8,000 SF flex space
• Dock‑height loading
• 16–18 feet of interior height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,689

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,533,780 $1.5M

Cap Rate 7%

$1,095,557 $1.1M

Cap Rate 9%

$852,100 $852.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$115.2K $14.40/SF

− Vacancy

−$5.6K −$0.71/SF

EGI

$109.6K $13.69/SF

− OpEx

−$32.9K −$4.11/SF

NOI

$76.7K $9.59/SF

Area

Monmouth County, NJ

Vacancy

4.90%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,533,780

Cap Rate 7%

$1,095,557

Cap Rate 9%

$852,100

Alternative Uses

Best Use

Flex RnD

$1.87M

$1.64M – $2.19M (±1% cap)

NOI $131,225 @ 7.0% cap · market cap 1,141.09%

Second Best

Warehouse

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,122 @ 7.0% cap · market cap 809.76%

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,227 @ 7.0% cap · market cap 1,271.54%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Hair Salon Pharmacy Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store

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

18 ft

Clear height

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

301

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 07731, NJ

39,677

Population

14,102

Households

2.8

Avg Household Size

40

Median Age

42%

College-Educated

94%

High-School Grad

31.8 sq mi

ZIP Area

1,248

Density / Sq Mi

$130,064

Median Household Income

$57,228

Median Earnings

$2,619

Median Rent

$454,900

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two primary entrances and dock-height loading support flexible warehouse operations.

Where is this flex space located?

The property is located at 2248 Us 9 Howell, NJ.

What are key features of this property?

This property features: 8,000 SF flex space; Dock‑height loading; 16–18 feet of interior height