Coworking Space with Furnished
For Sale
Contact for pricing
331 Newman Springs Road, Red Bank, NJ 07701
Memberships provide hourly or daily access to private offices and conference rooms, with remote reception service also available.
Property Size107,553 SF
Price / SF$0.00
Days on Market219
Property Features for 331 Newman Springs Road
General Information
Standard status
Active
Size
107,553 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Keller Williams Realty Spring Lake
Listed By:
Megan Schell Schnurr · License #9702165
(848) 220-7120
Source:
Defelicerealtygroup
Added: Mar 28
Changed: Oct 31
Last Checked: Oct 31 at 3:34AM
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 Keller Williams Realty Spring Lake
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Investment Insights
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This coworking offering includes furnished private offices and conference rooms available for hourly or daily use. Membership services include high-speed internet, a guest reception desk, a waiting area, a kitchen, cable, utilities, cleaning, business equipment, a private mailbox, and mail forwarding. Remote reception service is also available, along with use of a business address.
The property is located at 331 Newman Springs Road in Red Bank, New Jersey. The building was constructed in 1984.
The property is located at 331 Newman Springs Road in Red Bank, New Jersey. The building was constructed in 1984.
Key Highlights
- Furnished private offices and conference rooms available by the hour or day
- Membership includes high‑speed internet, kitchen access, cable, utilities, and cleaning
- Guest reception desk, waiting area, business equipment, private mailbox, and mail forwarding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,645,561
Suggested Prices Based on Cap Rates
Cap Rate 5%
$32,911,220
$32.9M
Cap Rate 7%
$23,508,014
$23.5M
Cap Rate 9%
$18,284,011
$18.3M
Market Conditions
NOI Build-Up for 107,553 SF
Gross rent
$3.23M $30.00/SF
− Vacancy
−$1.03M −$9.60/SF
EGI
$2.19M $20.40/SF
− OpEx
−$548.5K −$5.10/SF
NOI
$1.65M $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 Rate 5%
$32,911,220
Cap Rate 7%
$23,508,014
Cap Rate 9%
$18,284,011
Alternative Uses
Best Use
Office B
$23.51M
$20.57M – $27.43M
NOI $1,645,561 @ 7.0% cap · market cap 1,848,944.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.08M
$24.57M – $32.76M
NOI $1,965,897 @ 7.0% cap · market cap 2,208,873.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Coworking space - Memberships provide hourly or daily access to private offices and conference rooms, with remote reception service also available.
Where is this coworking space located?
The property is located at 331 Newman Springs Road Red Bank, NJ.
What are key features of this property?
This property features: Furnished private offices and conference rooms available by the hour or day; Membership includes high‑speed internet, kitchen access, cable, utilities, and cleaning; Guest reception desk, waiting area, business equipment, private mailbox, and mail forwarding
