Double Unit Professional Office
For Sale
$799,000
257 Monmouth Road, Oakhurst, NJ 07755
First-floor double suite with a reception area, multiple private rooms, and staff amenities for professional use.
Property Size2,600 SF
Price / SF$307.31
Days on Market284
Property Features for 257 Monmouth Road
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Office
Amenities
Central Air
3
Other
Lighted, On Site.
Sidewalks.
Building Details
Year Built
1988
Listing Agency:
Patrick Parker Realty
(732) 455-5252
Listed By:
Daniel Black
(732) 455-5252
Source:
Xome
Added: Oct 31, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:44AM
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 Patrick Parker Realty
Investment Insights
Based on property information with market context.
This first-floor double unit premium professional suite offers a bright, flexible layout designed for a range of professional practices. The space includes a welcoming waiting area, a large reception area, and multiple exam rooms or private offices, along as an executive office and an open collaborative workspace. Additional features include a dedicated staff/break room, employee restroom, and a file/storage room, along with two convenient common restrooms.
The suite is located at 257 Monmouth Road and provides convenient access with easy parking.
Configured for both private room and collaborative work, the unit’s three-sided window exposure supports an efficient, comfortable day-to-day operating environment.
The suite is located at 257 Monmouth Road and provides convenient access with easy parking.
Configured for both private room and collaborative work, the unit’s three-sided window exposure supports an efficient, comfortable day-to-day operating environment.
Key Highlights
- 2,600 sq ft first‑floor double premium professional suite in Oakhurst
- Flexible layout with welcoming waiting area, large reception space, and 4–5 exam rooms/private offices
- Includes executive office, dedicated staff/break room, employee restroom, and file/storage room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,780
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,600
$795.6K
Cap Rate 7%
$568,286
$568.3K
Cap Rate 9%
$442,000
$442.0K
Market Conditions
NOI Build-Up for 2,600 SF
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.
Gross rent
$78.0K $30.00/SF
− Vacancy
−$25.0K −$9.60/SF
EGI
$53.0K $20.40/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $15.30/SF
Area
Monmouth 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,600
Cap Rate 7%
$568,286
Cap Rate 9%
$442,000
Alternative Uses
Best Use
Office B
$568.3K
$497.3K – $663.0K
NOI $39,780 @ 7.0% cap · market cap 4.98%
Second Best
Healthcare Medical
$553.0K
$483.9K – $645.2K
NOI $38,713 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 07755, NJ
6,375
Population
2,411
Households
2.6
Avg Household Size
42
Median Age
47%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
2,198
Density / Sq Mi
$133,299
Median Household Income
$54,090
Median Earnings
$2,448
Median Rent
$655,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor double suite with a reception area, multiple private rooms, and staff amenities for professional use.
Where is this office units located?
The property is located at 257 Monmouth Road Oakhurst, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,600 sq ft first‑floor double premium professional suite in Oakhurst; Flexible layout with welcoming waiting area, large reception space, and 4–5 exam rooms/private offices; Includes executive office, dedicated staff/break room, employee restroom, and file/storage room
