First-Floor Professional Office
For Sale
$799,000
257 Monmouth Road 1B & 2B, Oakhurst, NJ 07755
Flexible office layout with reception, private rooms, collaborative workspace, and convenient parking access.
Property Size2,600 SF
Price / SF$307.31
Days on Market186
Property Features for 257 Monmouth Road 1B & 2B
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Office
Additional Details
Floor
First Floor
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,800
Building Details
Building Size
2,600 SF
Year Built
1988
Listing Agency:
Patrick Parker Realty
(732) 455-5252
Listed By:
Daniel C Black
(732) 455-5252
Source:
Sackmanrealty
Added: Feb 5
Changed: Aug 3
Last Checked: Aug 9 at 11:43AM
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 2,600-square-foot first-floor office suite combines two units within a building constructed in 1988. The interior includes a waiting area, reception space, 4–5 exam rooms or private offices, an executive office, staff break room, employee restroom, file and storage room, and open collaborative area. Windows on three sides provide natural light throughout the suite, while two common restrooms serve the building.
The layout supports medical, legal, financial, and other professional office uses identified for the property. Its location at 257 Monmouth Road in Oakhurst, New Jersey, provides convenient access and easy parking.
The layout supports medical, legal, financial, and other professional office uses identified for the property. Its location at 257 Monmouth Road in Oakhurst, New Jersey, provides convenient access and easy parking.
Key Highlights
- 2,600 sq ft double‑unit professional office suite
- First‑floor location with windows on three sides
- 4‑5 exam rooms or private offices plus executive office
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
Current Use
Lease Details
2
Office units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout with reception, private rooms, collaborative workspace, and convenient parking access.
Where is this office units 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 double‑unit professional office suite; First‑floor location with windows on three sides; 4‑5 exam rooms or private offices plus executive office
