Industrial Flex Building with Two
For Sale
Contact for pricing
28 Fairview Avenue, Little Silver, NJ 07739
Industrial-flex building with two separately demised units and 12-foot automatic drive-in doors, supported by 14-foot ceiling height.
Property Size2,000 SF
Lot Size0.17 Acres
Price / SF$350
Days on Market51
Property Features for 28 Fairview Avenue
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.17 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Units
2
Tenancy
Multi
Listing Agency:
Starker Commercial Realty LLC
Listed By:
Susan Taylor · License #NJ 0449027
Source:
Crexi
Added: Jul 7
Changed: Aug 13
Last Checked: Aug 24 at 5:59AM
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 Starker Commercial Realty LLC
Investment Insights
Based on property information with market context.
28 Fairview Avenue is a well-maintained industrial/flex building configured as two separately demised units. Unit A is 955 SF and Unit B is 1,045 SF. Each unit has its own 12-foot automatic drive-in door, and the building provides approximately 14-foot ceiling height for warehouse functionality. The property sits on a 50’ x 150’ lot and includes a hot air heating system.
Located along Fairview Avenue in Little Silver’s commercial district, the property offers convenient access to Route 35, Route 36, and the Garden State Parkway. It is also positioned near Downtown Red Bank and the Little Silver NJ Transit Station.
This setup supports flexibility for an owner-user seeking space for one suite while renting the other, with leasing optionality provided by the two-unit configuration.
Located along Fairview Avenue in Little Silver’s commercial district, the property offers convenient access to Route 35, Route 36, and the Garden State Parkway. It is also positioned near Downtown Red Bank and the Little Silver NJ Transit Station.
This setup supports flexibility for an owner-user seeking space for one suite while renting the other, with leasing optionality provided by the two-unit configuration.
Key Highlights
- 2,000 SF industrial/flex building configured as two separately demised units: Unit A (955 SF) and Unit B (1,045 SF).
- Each unit includes its own 12‑foot automatic drive‑in door, supporting separate operations or tenant use.
- 14‑foot ceiling height for warehouse functionality across the building.
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
$32,806
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
4.69%
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%
$656,120
$656.1K
Cap Rate 7%
$468,657
$468.7K
Cap Rate 9%
$364,511
$364.5K
Market Conditions
NOI Build-Up for 2,000 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
$65.0K $32.52/SF
− Vacancy
−$14.6K −$7.28/SF
EGI
$50.5K $25.24/SF
− OpEx
−$17.7K −$8.83/SF
NOI
$32.8K $16.40/SF
Area
Monmouth County, NJ
Vacancy
22.40%
Lease Rate
$32.52 /SF/Yr
Expense Ratio
35.00%
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%
$656,120
Cap Rate 7%
$468,657
Cap Rate 9%
$364,511
Alternative Uses
Best Use
Flex RnD
$468.7K
$410.1K – $546.8K
NOI $32,806 @ 7.0% cap · market cap 4.69%
Second Best
Warehouse
$332.6K
$291.0K – $388.0K
NOI $23,280 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07739, NJ
6,122
Population
2,352
Households
2.6
Avg Household Size
45
Median Age
80%
College-Educated
99%
High-School Grad
2.7 sq mi
ZIP Area
2,267
Density / Sq Mi
$220,746
Median Household Income
$94,569
Median Earnings
$3,501
Median Rent
$870,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-flex building with two separately demised units and 12-foot automatic drive-in doors, supported by 14-foot ceiling height.
Where is this flex space located?
The property is located at 28 Fairview Avenue Little Silver, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,000 SF industrial/flex building configured as two separately demised units: Unit A (955 SF) and Unit B (1,045 SF).; Each unit includes its own 12‑foot automatic drive‑in door, supporting separate operations or tenant use.; 14‑foot ceiling height for warehouse functionality across the building.
