Renovated Victorian Office
For Sale
$1,650,000
286 Broad Street, Red Bank, NJ 07701
COMMERCIAL - Red Bank, NJ
Property Size3,589 SF
Lot Size0.28 Acres
Price / SF$459.74
Days on Market145
Property Features for 286 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Parking features
On Street
Directions
Property is located at the intersection of Broad St and Bergen Pl
Standard status
Active
APN
12-01202-0000-00005
Size
3,589 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16664
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
high ceilings
natural light
great signage
large kitchen
conference room
open work area
dry basement
detached 2-car garage
large front porch
enclosed porch
large first-floor bathroom with shower
large second-floor bathroom
Building Details
Year built
1885
Floors in Building
3
Flooring type
Wood
Listing Agency:
Benchmark Realty Group LLC
(732) 440-9663
Listed By:
Charles Frank
(732) 747-5575
Added: Apr 13
Changed: Aug 4
Last Checked: Sep 4 at 4:06PM
MLS# 22610097
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 freestanding Victorian office property in Red Bank contains 3,589 square feet across three levels on a 0.28-acre parcel. The building was constructed in 1885 and renovated in 2016, with wood flooring and abundant natural light throughout. Its layout includes 9 private offices, a first-floor conference room, an open work area, kitchen, two bathrooms, and a dry basement for storage. A first-floor bathroom includes a shower.
Exterior improvements include a large front porch, an enclosed additional porch, and a detached 2-car garage. Parking accommodates 12 cars, with additional on-street parking available. The property is served by public water and public sewer and is located at 286 Broad Street in Red Bank, New Jersey.
Exterior improvements include a large front porch, an enclosed additional porch, and a detached 2-car garage. Parking accommodates 12 cars, with additional on-street parking available. The property is served by public water and public sewer and is located at 286 Broad Street in Red Bank, New Jersey.
Key Highlights
- 3,589 SF office building on 0.28 acres
- Three‑level Victorian building constructed in 1885
- Renovated in 2016 with wood flooring and natural light
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
$54,912
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
3.33%
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%
$1,098,240
$1.1M
Cap Rate 7%
$784,457
$784.5K
Cap Rate 9%
$610,133
$610.1K
Market Conditions
NOI Build-Up for 3,589 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
$107.7K $30.00/SF
− Vacancy
−$34.5K −$9.60/SF
EGI
$73.2K $20.40/SF
− OpEx
−$18.3K −$5.10/SF
NOI
$54.9K $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%
$1,098,240
Cap Rate 7%
$784,457
Cap Rate 9%
$610,133
Alternative Uses
Best Use
Office B
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.2K
$820.0K – $1.09M
NOI $65,601 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
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 building - Renovated professional setting with natural light, wood flooring, parking, and flexible office areas.
Where is this office building located?
The property is located at 286 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 3,589 SF office building on 0.28 acres; Three‑level Victorian building constructed in 1885; Renovated in 2016 with wood flooring and natural light
