Flexible Office
For Sale
Contact for pricing
239 Avenel St Unit 4, Avenel, NJ 07001
Tiled professional office space with reception, private restroom, storage, and a configurable bonus room.
Property Size10,000 SF
Price / SF$0.15
Days on Market50
Property Features for 239 Avenel St Unit 4
General Information
Standard status
Active
Size
10,000 SF
Additional Details
Office Units
1
Building Details
Year Built
1955
Listing Agency:
BHHS FOX & ROACH REALTORS
Listed By:
RHONDA L. BECK EDWARDS
(732) 946-3200
Source:
Luminancerealty
Added: Sep 5
Changed: Oct 11
Last Checked: Oct 5 at 9:31PM
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 BHHS FOX & ROACH REALTORS
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Investment Insights
Based on property information with market context.
Office Unit 4 offers a practical professional layout with tiled flooring throughout. The space includes two private offices, a waiting area, reception area, storage room, bonus room, and private bathroom. The bonus room can support an additional work area, break room, or office configuration.
Unit 4 may be combined with Unit 2 to create over 1,400 square feet of workspace. The property was built in 1955 and is located at 239 Avenel St in Avenel, New Jersey. Individual occupants are responsible for utilities serving their space, and the space has no CAM charges.
Unit 4 may be combined with Unit 2 to create over 1,400 square feet of workspace. The property was built in 1955 and is located at 239 Avenel St in Avenel, New Jersey. Individual occupants are responsible for utilities serving their space, and the space has no CAM charges.
Key Highlights
- Two private offices plus waiting and reception areas
- Bonus room suitable for work area, break room, or additional office
- Private bathroom and dedicated storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $15.30/SF
Area
Middlesex 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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 10,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 12,185.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Tiled professional office space with reception, private restroom, storage, and a configurable bonus room.
Where is this office unit located?
The property is located at 239 Avenel St Unit 4 Avenel, NJ.
What are key features of this property?
This property features: Two private offices plus waiting and reception areas; Bonus room suitable for work area, break room, or additional office; Private bathroom and dedicated storage room
