Two-Story Office
For Sale
$475,000
274 Main Street, Keansburg, NJ 07734
Commercial Sale, Keansburg, NJ
Property Size1,616 SF
Lot Size0.19 Acres
Price / SF$293.94
Days on Market137
Property Features for 274 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office
Parking
6
Parking features
Off Street, Parking Lot
Exterior features
Lighting
Lot features
Corner Lot
Directions
Corner of Main and Church
Standard status
Active
APN
23-00130-0000-00001
Size
1,616 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7625
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty
Listed By:
Lisa Hordeman
(732) 449-2777
Added: Apr 21
Changed: Sep 4
Last Checked: Sep 4 at 9:06AM
MLS# 22611087
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.
This 1,616-square-foot office building occupies a 0.19-acre corner parcel and was constructed in 1997. The two-level layout includes six offices, a reception area, storage, one full bathroom, and one half bathroom. Recent flooring is installed in the reception area, while central air, vinyl flooring, stucco construction, shingle roofing, and exterior lighting serve the property.
The building includes its own parking lot with off-street parking. Public water and public sewer are available. The property is situated near the town center, with transportation and restaurants nearby and the shore within the surrounding area. Individual office leasing is identified as a potential use in the property information.
The building includes its own parking lot with off-street parking. Public water and public sewer are available. The property is situated near the town center, with transportation and restaurants nearby and the shore within the surrounding area. Individual office leasing is identified as a potential use in the property information.
Key Highlights
- 1,616 SF office building on a 0.19‑acre corner parcel
- Two‑level layout with 6 offices, reception area, storage, full bath, and half bath
- Constructed in 1997 with central air and vinyl flooring
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
$24,725
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
5.21%
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%
$494,500
$494.5K
Cap Rate 7%
$353,214
$353.2K
Cap Rate 9%
$274,722
$274.7K
Market Conditions
NOI Build-Up for 1,616 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
$48.5K $30.00/SF
− Vacancy
−$15.5K −$9.60/SF
EGI
$33.0K $20.40/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.7K $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%
$494,500
Cap Rate 7%
$353,214
Cap Rate 9%
$274,722
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
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 07734, NJ
12,772
Population
5,349
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,513
Density / Sq Mi
$89,073
Median Household Income
$41,228
Median Earnings
$1,638
Median Rent
$310,000
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 building - Corner office property with private parking, multiple offices, storage, and public utilities.
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: 1,616 SF office building on a 0.19‑acre corner parcel; Two‑level layout with 6 offices, reception area, storage, full bath, and half bath; Constructed in 1997 with central air and vinyl flooring
