Building Details

Building Size 2,600 SF

Year Built 1988

Listing Agency: Patrick Parker Realty

Listed By: Daniel C Black Show Phone

Source: Sackmanrealty

Added: Feb 5 Changed: Oct 15 Last Checked: Oct 16 at 4:32PM

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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

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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.

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 / Yr

$39,780

Cap Rate

4.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,600 $795.6K

Cap Rate 7%

$568,286 $568.3K

Cap Rate 9%

$442,000 $442.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,600 SF

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 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 (±1% cap)

NOI $39,780 @ 7.0% cap · market cap 4.98%

Second Best

Healthcare Medical

$553.0K

$483.9K – $645.2K (±1% cap)

NOI $38,713 @ 7.0% cap · market cap 4.85%

Theoretical Best

Office A

$678.9K

$594.1K – $792.1K (±1% cap)

NOI $47,524 @ 7.0% cap · market cap 5.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Evan Adler Physician Michael P. Boyle, ... Physician Grande Financial Services, ... Financial Advisor David J. Fisher, ... Alternative Medicine Practice Adelson Lance J ... Dental Office

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Spa & Massage Center Electrical Service Auto Repair Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

446

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - First-floor double suite with a reception area, multiple private rooms, and staff amenities for professional use.

Where is this office unit located?

The property is located at 257 Monmouth Road 1B & 2B 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