Open-Layout Office
For Sale
Contact for pricing
239 Avenel St Unit 8, Avenel, NJ 07001
Office space includes a private bathroom and places responsibility for individual-space utilities with each occupant.
Property Size10,000 SF
Price / SF$0.15
Days on Market49
Property Features for 239 Avenel St Unit 8
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: Sep 4
Changed: Oct 12
Last Checked: Oct 5 at 11:01PM
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.
This office unit at 239 Avenel St Unit 8 provides an open interior layout with a private bathroom and flexibility for customization. The space may accommodate professional-service operations and uses identified in the property information, including a salon, wellness studio, physical therapy practice, law office, accounting office, insurance agency, real estate office, design studio, training center, showroom, or photography studio.
The property was built in 1955 and is located in Avenel, NJ 07001. The occupancy arrangement does not include CAM charges, while occupants are responsible for the utilities serving their individual space.
The property was built in 1955 and is located in Avenel, NJ 07001. The occupancy arrangement does not include CAM charges, while occupants are responsible for the utilities serving their individual space.
Key Highlights
- Open office layout with a private bathroom
- No CAM charges
- Occupants are responsible for utilities serving their individual space
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
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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 - Office space includes a private bathroom and places responsibility for individual-space utilities with each occupant.
Where is this office unit located?
The property is located at 239 Avenel St Unit 8 Avenel, NJ.
What are key features of this property?
This property features: Open office layout with a private bathroom; No CAM charges; Occupants are responsible for utilities serving their individual space
