Two-Unit Office
New
For Sale
$449,000
274 Main Street, Keansburg, NJ 07734
Commercial Sale, Keansburg, NJ
Property Size1,616 SF
Lot Size0.19 Acres
Price / SF$277.85
Days on Market2
Property Features for 274 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Multi-Family, Commercial, Central Business
Rooms
Basement
Parking
6
Parking features
Parking Lot
Lot features
Curbing
Directions
Route 36 to Main Street
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
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
2
Flooring type
Vinyl
Listing Agency:
Brothers Commercial Brokerage, Inc
Listed By:
Daniel Lynch
(732) 747-5575
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 7:06PM
MLS# 22633295
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.
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Investment Insights
Based on property information with market context.
The 1,616-square-foot office building occupies an 8,232-square-foot lot and has two units, each with separate gas and electric service. The upper floor is accessed through its own entrance along the side of the building. Interior features include vinyl flooring, forced-air heat, central air conditioning, and a basement. The property was built in 1997 and has a newer roof and renovated interior.
Located on Main Street in Keansburg’s business district, the property includes a parking lot and is served by public water and public sewer. The prior use was a law office. Residential conversion of the upper floor is subject to municipal approvals.
Located on Main Street in Keansburg’s business district, the property includes a parking lot and is served by public water and public sewer. The prior use was a law office. Residential conversion of the upper floor is subject to municipal approvals.
Key Highlights
- 1,616 square feet on an 8,232‑square‑foot lot
- Two units with separate gas and electric service
- Upper floor has a separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,725
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
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
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 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 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.0K
$369.2K – $492.3K
NOI $29,538 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A separate side entrance and individual gas and electric service serve the upper unit.
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 $449,000.
What are key features of this property?
This property features: 1,616 square feet on an 8,232‑square‑foot lot; Two units with separate gas and electric service; Upper floor has a separate side entrance
