Two-Building Office
3321 Doris Avenue Asbury Park, NJ 07712
3321 Doris Avenue, Asbury Park, NJ, 07712
$3,000,000
For Sale
$3,000,000
For sale two office buildings on the same lot, offering a straightforward setup for flexible ownership and tenant use.
Property Size11,000 SF
Price / SF$272.73
Days on Market109
Property Features for 3321 Doris Avenue
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1951
Listing Agency
Monmouth County Homes Realty
(732) 233-5855
Listed by
Helene Mehani · License #0673399
(732) 233-5855
Source
Xome
Added: Mar 31 Checked: Jul 16 at 6:20 am
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 offering presents the opportunity to own two separate buildings on the same lot, configured as office buildings. The total property size is approximately 11,000 square feet, providing a combined platform for office tenants under one ownership umbrella.
Located at 3321 Doris Avenue in Ocean Township, New Jersey, the property is marketed as being in a sought-after Ocean Township area. The single-lot, two-building arrangement can be appealing for buyers seeking a multi-building office asset without acquiring separate parcels.
From a tenant and operator perspective, the two-building layout may support different leasing or occupancy scenarios compared to a single-building office property. For prospective buyers, owning both buildings together can simplify management logistics and consolidate ownership of the office space on one lot. The asset is presented for sale, making it a practical consideration for investors and owner-users looking for an office-based commercial property with multiple structures under one acquisition.
Located at 3321 Doris Avenue in Ocean Township, New Jersey, the property is marketed as being in a sought-after Ocean Township area. The single-lot, two-building arrangement can be appealing for buyers seeking a multi-building office asset without acquiring separate parcels.
From a tenant and operator perspective, the two-building layout may support different leasing or occupancy scenarios compared to a single-building office property. For prospective buyers, owning both buildings together can simplify management logistics and consolidate ownership of the office space on one lot. The asset is presented for sale, making it a practical consideration for investors and owner-users looking for an office-based commercial property with multiple structures under one acquisition.
Key Highlights
- Two office buildings on the same lot, offering flexible setup for ownership and tenant use
- Central air cooling
- Heating system listed as 3
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $330.0k | $30.00 |
| − Vacancy | −$105.6k | −$9.60 |
| EGI | $224.4k | $20.40 |
| − OpEx | −$56.1k | −$5.10 |
| NOI | $168.3k | $15.30 |
11,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.81M
NOI $168,300 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $201,062 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - For sale two office buildings on the same lot, offering a straightforward setup for flexible ownership and tenant use.
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 $3,000,000.
What are key features of this property?
This property features: Two office buildings on the same lot, offering flexible setup for ownership and tenant use; Central air cooling; Heating system listed as 3
