Office Building with Conference
For Sale
$995,000
3318 Highway 33, Neptune, NJ 07753
COMMERCIAL - Neptune Township, NJ
Property Size2,891 SF
Lot Size1.18 Acres
Price / SF$344.17
Days on Market143
Property Features for 3318 Highway 33
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Parking features
Parking Lot
Basement
Walk-Out Access, Full
Directions
Parkway or Rt 18 to Rt 33. Located between Parkway & Rt 18
Standard status
Active
APN
35-03001-0000-00009
Size
2,891 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12440
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
conference room
kitchenette
reception area
hardwood floors
full dry walkout basement
pull down attic
Building Details
Year built
1950
Floors in Building
1
Flooring type
Wood
Listing Agency:
Fathom Realty NJ
(856) 344-4663
Listed By:
Joan Macort
(856) 344-4663
Added: Mar 31
Changed: Aug 4
Last Checked: Aug 20 at 10:06AM
MLS# 22608463
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 well-maintained stand-alone office building offers a versatile interior layout for professional use. The space includes five private offices, expansive workspace areas, and a welcoming reception area. Key amenities include a large conference room, a kitchenette, and three half baths. Interior finishes feature hardwood floors. The property also has a full dry walkout basement that can support storage needs or expansion, plus additional storage in a pull-down attic.
The building sits on 1.18 acres and contains 2,891 square feet. It was built in 1950 and is served by forced air heating and central air cooling. Water is from a well and sewer is public. Parking is available in front and rear through a parking lot configuration. The property is currently zoned C5 and is being used as law offices.
Located at 3318 Highway 33 in Neptune Township, NJ, this office building provides a straightforward option for office tenants seeking dedicated interior rooms and on-site parking.
The building sits on 1.18 acres and contains 2,891 square feet. It was built in 1950 and is served by forced air heating and central air cooling. Water is from a well and sewer is public. Parking is available in front and rear through a parking lot configuration. The property is currently zoned C5 and is being used as law offices.
Located at 3318 Highway 33 in Neptune Township, NJ, this office building provides a straightforward option for office tenants seeking dedicated interior rooms and on-site parking.
Key Highlights
- 5 private offices plus reception area
- Large conference room and kitchenette
- 3 half baths, hardwood floors, forced air heat, central air
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
$44,232
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
4.45%
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%
$884,640
$884.6K
Cap Rate 7%
$631,886
$631.9K
Cap Rate 9%
$491,467
$491.5K
Market Conditions
NOI Build-Up for 2,891 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
$86.7K $30.00/SF
− Vacancy
−$27.8K −$9.60/SF
EGI
$59.0K $20.40/SF
− OpEx
−$14.7K −$5.10/SF
NOI
$44.2K $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%
$884,640
Cap Rate 7%
$631,886
Cap Rate 9%
$491,467
Alternative Uses
Best Use
Office B
$631.9K
$552.9K – $737.2K
NOI $44,232 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.9K
$660.5K – $880.7K
NOI $52,843 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 07753, NJ
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
2,337
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
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 - Well-maintained office building with a reception area, conference room, kitchenette, and dry walkout basement for storage.
Where is this office building located?
The property is located at 3318 Highway 33 Neptune, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5 private offices plus reception area; Large conference room and kitchenette; 3 half baths, hardwood floors, forced air heat, central air
