Industrial Flex Building with Two
28 Fairview Avenue Little Silver, NJ 07739
28 Fairview Avenue, Little Silver, NJ, 07739
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For Sale
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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 Market15
Property Features for 28 Fairview Avenue
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.17 Acres
- Property subtype
- Industrial
Listing Agency
Starker Commercial Realty LLC
Listed by
Susan Taylor · License #NJ 0449027
Source
Crexi
Added: Jul 7 Updated: Jul 10 at 2:14 pm Checked: Jul 19 at 8:24 am
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.
Local Financial Insights For Flex RnD
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 | $65.0k | $32.52 |
| − Vacancy | −$14.6k | −$7.28 |
| EGI | $50.5k | $25.24 |
| − OpEx | −$17.7k | −$8.83 |
| NOI | $32.8k | $16.40 |
2,000 SF · lease $32.52/SF/yr · vacancy 22.40% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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.
