Two-Story Office Building For
274 Main Street Keansburg, NJ 07734
For Sale
$475,000
Two-story office building with parking lot near town center.
Property Size1,616 SF
Price / SF$293.94
Days on Market99
Property Features for 274 Main Street
General Information
Standard status
Active
Size
1,616 SF
Property subtype
Commercial
Building Details
Year Built
1997
Listing Agency:
COLDWELL BANKER REALTY
(732) 449-2777
Listed By:
LISA HORDEMAN
Source:
Corcoran
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 27 at 7:24AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This two-story office building is located steps from the center of town. The first floor features a reception area with new flooring, two offices, and a half bath. The second floor includes four offices, a full bath, and storage space. The building is well-maintained and situated on a corner lot with its own parking. The property offers an opportunity to lease individual offices. It is located close to transportation and restaurants, and is not far from the shore. The property has a size of 1616 square feet.
Key Highlights
- Corner lot location with private parking.
- Two‑story building suitable for multiple tenants or uses.
- Proximity to the center of town.
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 | $48.5k | $30.00 |
| − Vacancy | −$15.5k | −$9.60 |
| EGI | $33.0k | $20.40 |
| − OpEx | −$8.2k | −$5.10 |
| NOI | $24.7k | $15.30 |
1,616 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.0K
$369.2K – $492.3K
NOI $29,538 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with parking lot near town center.
Where is this office building located?
The property is located at 274 Main Street Keansburg, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Corner lot location with private parking.; Two‑story building suitable for multiple tenants or uses.; Proximity to the center of town.
