Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ocean Twp Commercial Opportunity Title is generated by Realmo AI

    3321 Doris Avenue, Asbury Park, NJ 07712

    View on Map
    Claim this Listing
    New
    For Sale
    $3,000,000

    COMMERCIAL - Ocean Twp, NJ

    Type:Office
    Property size:
    11,000 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $272/SF
    Added:
    May 14, 2026
    Days on Market:
    4
    Last Refresh:
    May 17 at 6:06 am

    Property Features for 3321 Doris Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking
    50
    Parking features
    Parking Lot, Off Street, Open
    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

    We can help!

    Listing Contact
    Helene Mehani

    Listing agent Helene Mehani License #0673399

    Listing office Monmouth County Homes Realty 3321 Doris Avenue Suite 4, Ocean, NJ

    Listing date May 14, 2026

    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.

    HighLights

    • Two buildings on the same lot
    • Located in sought after Ocean Township
    • Central Air conditioning
    • Forced Air heating
    • Off Street parking
    • Public water and sewer

    Overview

    This commercial real estate offering features two buildings situated on a 1.14-acre lot in Ocean Township, New Jersey. The property, located in Monmouth County, encompasses a total area of 11,000 square feet. This presents an opportunity to own two buildings on the same lot.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.87M
    NOI $168,300 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.40M
    NOI $168,300 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.37M
    NOI $168,300 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    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 Use Scenarios

    Best Use
    Office B
    $2.40M
    $2.10M – $2.81M (±1% cap)
    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 (±1% cap)
    NOI $201,062 @ 7.0% cap · market cap 6.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0356978
    Latitude
    40.239765

    Nearby Similar for Sale

    • $889,000
      4,250 SF

      Asbury Park Retail Opportunity

      Retail building for sale in Asbury Park, New Jersey.
      1111 Main Street, Asbury Park, NJ 07712
      View Details
    • $1,595
      1,656 SF

      Prime Storefront Office in Asbury

      Ground floor office space with high visibility in Asbury.
      501 Grand Avenue, Asbury Park, NJ 07712
      View Details
    • $190,000
      1,800 SF

      Established Dry Cleaning Business For Sale

      Profitable dry cleaning business with equipment and loyal customer base.
      1582 Highway 35, Ocean Twp, NJ 07712
      View Details
    • $939,000
      1,119 SF

      Multifamily Property in Asbury Park

      Multifamily property in a rapidly growing Asbury Park neighborhood.
      912 Sunset Avenue, Asbury Park, NJ 07712
      View Details
    • $945,000
      3,300 SF

      Versatile Triplex in Asbury Park

      Three vacant units, ideal for investors or owner-occupants.
      1017 Summerfield Avenue, Asbury Park, NJ 07712
      View Details
    • $799,000
      4,500 SF

      Two Buildings on One Lot

      Two buildings on one lot present an investment opportunity.
      101-103 Ridge Avenue, Asbury Park, NJ 07712
      View Details
    • $1,200,000
      4,086 SF

      Renovated Asbury Park Apartment Building

      Renovated 5-unit apartment building in Asbury Park, New Jersey.
      905 Grand Avenue, Asbury Park, NJ 07712
      View Details
    • $850,000
      2,400 SF

      Renovated Two-Family Home in Asbury

      Turnkey two-family home with income potential near Asbury Park.
      148 Dewitt Avenue, Asbury Park, NJ 07712
      View Details
    • $1,900,000

      Profitable Commercial Property in Asbury Park

      Three units with parking on a heavily traveled road.
      1501 Asbury Avenue, Asbury Park, NJ 07712
      View Details
    • $1,500,000
      2,384 SF

      Prime Office Space on Route 35

      Professional office space in high-demand location near Route 35.
      2002 Sunset Avenue, Ocean Twp, NJ 07712
      View Details
    • $995,000
      5,534 SF

      Former Church in Asbury Park

      Well-maintained, approximately 5,534 SF former church with off-street parking.
      1003 Asbury Avenue, Asbury Park, NJ 07712
      View Details
    • $5,000,000
      39,600 SF

      Asbury Park Microunit Development Site

      Approved 48-unit microunit apartment development with historic theater.
      710 Mattison Avenue, Asbury Park, NJ 07712
      View Details

    FAQs

    What type of property is this?
    Office building - Two buildings on a single lot in Ocean Township.
    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 buildings on the same lot; Located in sought after Ocean Township; Central Air conditioning
    (732) 233-5855
    We can help!
    Listing Contact
    Helene Mehani
    Real Estate License ID: 0673399
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3321 Doris Avenue, Ocean Twp, NJ 07712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!