Listing Agency: Monmouth County Homes Realty

Listed By: Helene Mehani · License #0673399 Show Phone

Source: Exprealty

Added: Jan 26 Changed: Oct 10 Last Checked: Oct 16 at 11:02AM

Report an Issue

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 Monmouth County Homes Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Available for lease is an upper-level office space encompassing 1400 square feet.

Key Highlights

• 1400 sqft office space, perfect for your business needs.
• Upper level location.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,420

Suggested Prices Based on Cap Rates

Cap Rate 5%

$428,400 $428.4K

Cap Rate 7%

$306,000 $306.0K

Cap Rate 9%

$238,000 $238.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,400 SF

Gross rent

$42.0K $30.00/SF

− Vacancy

−$13.4K −$9.60/SF

EGI

$28.6K $20.40/SF

− OpEx

−$7.1K −$5.10/SF

NOI

$21.4K $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%

$428,400

Cap Rate 7%

$306,000

Cap Rate 9%

$238,000

Alternative Uses

Best Use

Office B

$306.0K

$267.8K – $357.0K (±1% cap)

NOI $21,420 @ 7.0% cap · market cap 97,363.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$365.6K

$319.9K – $426.5K (±1% cap)

NOI $25,590 @ 7.0% cap · market cap 116,318.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Hair Salon Nail Salon Garden Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Office Condo With Private Offices

2 Hartford Dr Unit 104, Tinton Falls, NJ 07701

$225,000

750 SF

View details

Turnkey Office Building Near Parkway

27 Apple Street, Tinton Falls, NJ 07724

$1,800,000

3,240 SF

View details

Frequently Asked Questions

What type of property is this?

Office units - 1400 sqft upper level office space available for lease.

Where is this office units located?

The property is located at 3321 Doris Ave Tinton Falls, NJ.

What are key features of this property?

This property features: 1400 sqft office space, perfect for your business needs.; Upper level location.