Two-Building Office
For Sale
$2,850,000
3321 Doris Ave, Asbury Park, NJ 07712
Two office buildings occupy the same lot in Ocean Township, providing a combined commercial property configuration.
Property Size11,000 SF
Price / SF$259.09
Days on Market62
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Property Features for 3321 Doris Ave
General Information
Standard status
Active
Size
11,000 SF
Building Details
Year Built
1951
Buildings
2
Listing Agency:
Monmouth County Homes Realty
Listed By:
Helene Mehani · License #0673399
(732) 233-5855
Source:
Goldstandardrealty
Added: Aug 15
Changed: Oct 9
Last Checked: Oct 15 at 2:49AM
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
Investment Insights
Based on property information with market context.
This office property includes two buildings located together on the same lot. The property has a reported 11,000 size figure and a 1951 year-built date. It is located at 3321 Doris Ave in Ocean Township, New Jersey, within ZIP Code 07712.
Key Highlights
- Two office buildings situated on the same lot
- Property size reported as 11,000
- 1951 year‑built date
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,300
Cap Rate
5.91%
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 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $201,062 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings occupy the same lot in Ocean Township, providing a combined commercial property configuration.
Where is this office building located?
The property is located at 3321 Doris Ave Asbury Park, NJ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Two office buildings situated on the same lot; Property size reported as 11,000; 1951 year‑built date
