Renovated Victorian Office
286 Broad Street Unit 286 Red Bank, NJ 07701
286 Broad Street Unit 286, Red Bank, NJ, 07701
$1,749,000
For Sale
$1,749,000
Standalone three-level office building with 9 offices, conference room, open work area, and parking for 12 cars.
Property Size3,589 SF
Price / SF$487.32
Days on Market104
Property Features for 286 Broad Street Unit 286
General Information
- Standard status
- Active
- Size
- 3,589 SF
- Property subtype
- Office
Building Details
- Year Built
- 1885
Listing agency
Benchmark Realty Group LLC
(732) 747-5575
Listed by
Charles Frank
(732) 747-5575
Source
Xome
Added: Apr 10 Updated: Jul 22 at 9:14AM Checked: Jul 22 at 9:14AM
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 Benchmark Realty Group LLC
Investment Insights
Based on property information with market context.
This meticulously maintained, fully renovated three-level Victorian professional office building offers a distinctive interior layout designed for day-to-day work. The building includes 9 offices, high ceilings, abundant natural light, and dedicated first-floor amenities such as a conference room, a large open work area, a large kitchen, and a bathroom with shower. Additional features include a large second-floor bathroom, dry basement storage, a detached 2-car garage, a large front porch, and an additional enclosed porch.
The property also provides parking for 12 cars plus on-street parking, supporting convenient client and staff access.
Construction and improvement details indicate a substantial renovation completed in 2016; please call the office for a complete list of renovations.
The property also provides parking for 12 cars plus on-street parking, supporting convenient client and staff access.
Construction and improvement details indicate a substantial renovation completed in 2016; please call the office for a complete list of renovations.
Key Highlights
- Standalone three‑level Victorian professional office building, built in 1885 and fully renovated
- Office layout includes 9 offices plus 1 conference room and a large open work area on the first floor
- Kitchen, large first‑floor bathroom with shower, and large second‑floor bathroom
Local Financial Insights For Office B
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 | $107.7k | $30.00 |
| − Vacancy | −$34.5k | −$9.60 |
| EGI | $73.2k | $20.40 |
| − OpEx | −$18.3k | −$5.10 |
| NOI | $54.9k | $15.30 |
3,589 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.2K
$820.0K – $1.09M
NOI $65,601 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Standalone three-level office building with 9 offices, conference room, open work area, and parking for 12 cars.
Where is this office building located?
The property is located at 286 Broad Street Unit 286 Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Standalone three‑level Victorian professional office building, built in 1885 and fully renovated; Office layout includes 9 offices plus 1 conference room and a large open work area on the first floor; Kitchen, large first‑floor bathroom with shower, and large second‑floor bathroom
