Divisible Office
248 Broad Street Red Bank, NJ 07701
248 Broad Street, Red Bank, NJ, 07701
$1,995,000
Pending
For Sale
$1,995,000
Pending
COMMERCIAL - Red Bank, NJ
Property Size4,810 SF
Lot Size0.39 Acres
Days on Market47
Property Features for 248 Broad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 26
- Parking features
- Off Street
- Basement
- Partial, Crawl Space
- Standard status
- Pending
- APN
- 39-00101-0000-00018
- Size
- 4,810 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 19625
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Shingle
Listing agency
O'Brien Realty, LLC
(732) 229-3532
Listed by
Paul D Ryan · License #8243252
(732) 229-3532
Added: Jun 5 Updated: Jul 20 at 11:19AM Checked: Jul 21 at 4:06PM
MLS# 22616883
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
First time offered, this stately office building totals approximately 4,810 square feet and can be used as a whole or divided into individual units. The property includes finished third-floor area that could potentially add approximately 300 square feet.
The building is located on Red Bank’s most visible street and includes over 25 parking spaces, supporting straightforward tenant access for employees and visitors.
Zoned PO, the property provides a wide variety of uses, offering flexibility for buyers seeking an office building that can be configured to suit multiple unit scenarios or a single-tenant layout. Building only.
The building is located on Red Bank’s most visible street and includes over 25 parking spaces, supporting straightforward tenant access for employees and visitors.
Zoned PO, the property provides a wide variety of uses, offering flexibility for buyers seeking an office building that can be configured to suit multiple unit scenarios or a single-tenant layout. Building only.
Key Highlights
- Approximately 4,800 SF office building on Red Bank’s most visible street
- Over 25 parking spaces with off‑street parking
- Brick construction with shingle roof and central air
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.3k | $30.00 |
| − Vacancy | −$46.2k | −$9.60 |
| EGI | $98.1k | $20.40 |
| − OpEx | −$24.5k | −$5.10 |
| NOI | $73.6k | $15.30 |
4,810 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$919.9K – $1.23M
NOI $73,593 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,919 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Approximately 4,800 SF office building with more than 25 parking spaces on a highly visible street.
Where is this office building located?
The property is located at 248 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Approximately 4,800 SF office building on Red Bank’s most visible street; Over 25 parking spaces with off‑street parking; Brick construction with shingle roof and central air
