Two-Building Industrial Flex
For Sale
Contact for pricing
30-32 Fairview Avenue, Little Silver, NJ 07739
Two industrial flex buildings total about 9,330 SF with four automatic drive-in doors and ceiling heights up to 15 feet.
Property Size9,330 SF
Price / SF$334.94
Days on Market61
Property Features for 30-32 Fairview Avenue
General Information
Standard status
Active
Size
9,330 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
Starker Commercial Realty LLC
Listed By:
Susan Taylor · License #NJ 0449027
Source:
Crexi
Added: Jul 7
Changed: Aug 14
Last Checked: Sep 4 at 11:00AM
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.
Starker Commercial Realty presents an exclusive sale opportunity: a two-building industrial/flex portfolio totaling approximately 9,330 SF. The offering includes a 7,050 SF industrial/flex building at 30–32 Fairview Avenue and a 2,280 SF industrial/flex building at 36 Fairview Avenue. Both buildings feature four automatic drive-in doors, ceiling heights up to approximately 15 feet, updated building systems, and ample on-site parking.
The property is positioned along Fairview Avenue with strong visibility and convenient access to Route 35, Route 36, and the Garden State Parkway. It is also minutes from downtown Red Bank and NJ Transit via the Little Silver Station.
This two-building configuration supports flexible occupancy options within an industrial/flex setting, with loading access provided by the automatic drive-in doors and practical site parking for day-to-day operations.
The property is positioned along Fairview Avenue with strong visibility and convenient access to Route 35, Route 36, and the Garden State Parkway. It is also minutes from downtown Red Bank and NJ Transit via the Little Silver Station.
This two-building configuration supports flexible occupancy options within an industrial/flex setting, with loading access provided by the automatic drive-in doors and practical site parking for day-to-day operations.
Key Highlights
- Two industrial/flex buildings totaling approx. 9,330 SF: 7,050 SF at 30–32 Fairview Ave and 2,280 SF at 36 Fairview Ave
- Four automatic drive‑in doors across the two buildings
- Ceiling heights up to approx. 15 feet
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
$153,041
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
4.90%
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%
$3,060,820
$3.1M
Cap Rate 7%
$2,186,300
$2.2M
Cap Rate 9%
$1,700,456
$1.7M
Market Conditions
NOI Build-Up for 9,330 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
$303.4K $32.52/SF
− Vacancy
−$68.0K −$7.28/SF
EGI
$235.4K $25.24/SF
− OpEx
−$82.4K −$8.83/SF
NOI
$153.0K $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%
$3,060,820
Cap Rate 7%
$2,186,300
Cap Rate 9%
$1,700,456
Alternative Uses
Best Use
Flex RnD
$2.19M
$1.91M – $2.55M
NOI $153,041 @ 7.0% cap · market cap 4.90%
Second Best
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,438 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,537 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
4
Drive-in doors
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 - Two industrial flex buildings total about 9,330 SF with four automatic drive-in doors and ceiling heights up to 15 feet.
Where is this flex space located?
The property is located at 30-32 Fairview Avenue Little Silver, NJ.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Two industrial/flex buildings totaling approx. 9,330 SF: 7,050 SF at 30–32 Fairview Ave and 2,280 SF at 36 Fairview Ave; Four automatic drive‑in doors across the two buildings; Ceiling heights up to approx. 15 feet
