Office Unit with Flexible
For Sale
Contact for pricing
239 Avenel St Unit 6, Avenel, NJ 07001
Tiled interior includes reception, waiting, storage, and private bathroom areas.
Property Size10,000 SF
Price / SF$0.15
Days on Market61
Property Features for 239 Avenel St Unit 6
General Information
Standard status
Active
Size
10,000 SF
Building Details
Year Built
1955
Listing Agency:
BHHS FOX & ROACH REALTORS
Listed By:
RHONDA L. BECK EDWARDS
(732) 946-3200
Source:
Luminancerealty
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 5 at 11:18PM
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 at 239 Avenel Street provides a practical arrangement for professional use, with two private offices, a reception area, waiting space, storage, a bonus room, and a private bathroom. Tile flooring extends throughout the unit. The bonus room can serve as additional work, break, or office space based on operational needs.
The unit may be combined with Unit 2 to create more than 1,400 square feet of workspace. The configuration is suited to professional-service operations identified for the property, including legal, medical, dental, accounting, insurance, wellness, salon, design, and consulting uses. Individual-space utilities are the responsibility of the occupants. The building dates to 1955.
The unit may be combined with Unit 2 to create more than 1,400 square feet of workspace. The configuration is suited to professional-service operations identified for the property, including legal, medical, dental, accounting, insurance, wellness, salon, design, and consulting uses. Individual-space utilities are the responsibility of the occupants. The building dates to 1955.
Key Highlights
- Two private offices plus reception and waiting areas
- Bonus room can accommodate work, break, or office functions
- 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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Current Use
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Tiled interior includes reception, waiting, storage, and private bathroom areas.
Where is this office unit located?
The property is located at 239 Avenel St Unit 6 Avenel, NJ.
What are key features of this property?
This property features: Two private offices plus reception and waiting areas; Bonus room can accommodate work, break, or office functions; Private bathroom and dedicated storage room
