Corner Two-Story Office
For Sale
$475,000
274 Main Street, Keansburg, NJ 07734
COMMERCIAL - Keansburg, NJ
Property Size1,616 SF
Lot Size0.19 Acres
Price / SF$293.94
Days on Market136
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: Aug 4
Last Checked: Sep 3 at 5:06PM
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 two-story office building includes a reception area on the first floor along with two offices and a half bath. The second floor features four offices, a full bath, and plenty of storage space. The property is well maintained, with vinyl flooring and central air conditioning. Exterior amenities include exterior lighting, and the building is constructed of stucco with a shingle roof.
Set on a corner location, the building has its own parking lot with off-street parking. Utilities are provided via public water and public sewer, supporting straightforward everyday operations.
The first and second-floor office layouts make the building suitable for flexible office use and the ability to lease individual offices. Built in 1997 and totaling 1,616 square feet on a 0.19-acre lot, it provides a compact footprint with a clear, functional floor plan.
Set on a corner location, the building has its own parking lot with off-street parking. Utilities are provided via public water and public sewer, supporting straightforward everyday operations.
The first and second-floor office layouts make the building suitable for flexible office use and the ability to lease individual offices. Built in 1997 and totaling 1,616 square feet on a 0.19-acre lot, it provides a compact footprint with a clear, functional floor plan.
Key Highlights
- 1,616 SF two‑story office building with reception, multiple offices, and bath facilities
- Corner location with its own parking lot and off‑street parking
- First floor: reception area, two offices, and a half bath
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
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 units - Two-story office building with central air, public utilities, and an on-site parking lot.
Where is this office units 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 two‑story office building with reception, multiple offices, and bath facilities; Corner location with its own parking lot and off‑street parking; First floor: reception area, two offices, and a half bath
