Two-Building Office
For Sale
$2,750,000
3321 Doris Avenue, Asbury Park, NJ 07712
Commercial Sale, Ocean Twp, NJ
Property Size11,000 SF
Lot Size1.14 Acres
Price / SF$250
Days on Market150
Property Features for 3321 Doris Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional, Commercial
Parking
50
Parking features
Parking Lot, Off Street, Open
Directions
North Route 35 right onto Doris Avenue
Subdivision
Ocean Twp
Standard status
Active
APN
37-00209-0000-00005
Size
11,000 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19647
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
2
Listing Agency:
Monmouth County Homes Realty
(732) 233-5855
Listed By:
Helene Mehani · License #0673399
(732) 695-1600
Added: May 14
Changed: Oct 8
Last Checked: Oct 10 at 3:06PM
MLS# 22614284
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 Ocean Township office property comprises two buildings on a 1.14-acre parcel, with a combined building area of 11,000 square feet. The improvements date to 1951 and are equipped with central air conditioning and forced-air heating. Parking is provided in an open, off-street lot.
Located at 3321 Doris Avenue in Ocean Township, New Jersey, the property is served by public water and public sewer. Its two-building configuration provides a defined office asset with supporting site area and on-site parking.
Located at 3321 Doris Avenue in Ocean Township, New Jersey, the property is served by public water and public sewer. Its two-building configuration provides a defined office asset with supporting site area and on-site parking.
Key Highlights
- Two office buildings on a 1.14‑acre lot
- 11,000 square feet of combined building area
- Central air conditioning and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,300
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,366,000
$3.4M
Cap Rate 7%
$2,404,286
$2.4M
Cap Rate 9%
$1,870,000
$1.9M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$330.0K $30.00/SF
− Vacancy
−$105.6K −$9.60/SF
EGI
$224.4K $20.40/SF
− OpEx
−$56.1K −$5.10/SF
NOI
$168.3K $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%
$3,366,000
Cap Rate 7%
$2,404,286
Cap Rate 9%
$1,870,000
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.81M
NOI $168,300 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $201,062 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - The property offers central air, forced-air heat, and off-street parking across its office improvements.
Where is this office building located?
The property is located at 3321 Doris Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two office buildings on a 1.14‑acre lot; 11,000 square feet of combined building area; Central air conditioning and forced‑air heating
