Second-Floor Office
For Sale
Contact for pricing
34 Broad Street #2C, Red Bank, NJ 07701
The flexible layout pairs two private offices with an open work area and a private outdoor deck.
Property Size1,500 SF
Price / SF$2.73
Days on Market87
Property Features for 34 Broad Street #2C
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Additional Details
Floor
2
Road Access
Yes
Property Use
Office
Listing Agency:
O'Brien Realty, LLC
Listed By:
Tamara M O'Brien · License #1223536
(732) 229-3532
Source:
Defelicerealtygroup
Added: Aug 7
Changed: Oct 31
Last Checked: Oct 31 at 2:30PM
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 O'Brien Realty, LLC
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Investment Insights
Based on property information with market context.
This approximately 1,500-square-foot office occupies the second floor and includes two private offices, an open work area, and a kitchenette. Hardwood flooring, exposed brick, high ceilings, and broad window exposure define the interior. A keyed private entrance and outdoor deck are also part of the space.
The office is on Broad Street in downtown Red Bank, with restaurants, shops, and local businesses in the surrounding area. Municipal parking is nearby, and the location offers access to northern New Jersey and New York City.
The office is on Broad Street in downtown Red Bank, with restaurants, shops, and local businesses in the surrounding area. Municipal parking is nearby, and the location offers access to northern New Jersey and New York City.
Key Highlights
- Approximately 1,500 square feet on the second floor
- Two private offices, an open work area, and a kitchenette
- Private keyed entrance and outdoor deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,950
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,000
$459.0K
Cap Rate 7%
$327,857
$327.9K
Cap Rate 9%
$255,000
$255.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.0K $30.00/SF
− Vacancy
−$14.4K −$9.60/SF
EGI
$30.6K $20.40/SF
− OpEx
−$7.7K −$5.10/SF
NOI
$23.0K $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%
$459,000
Cap Rate 7%
$327,857
Cap Rate 9%
$255,000
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 559.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 668.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The flexible layout pairs two private offices with an open work area and a private outdoor deck.
Where is this office unit located?
The property is located at 34 Broad Street #2C Red Bank, NJ.
What are key features of this property?
This property features: Approximately 1,500 square feet on the second floor; Two private offices, an open work area, and a kitchenette; Private keyed entrance and outdoor deck
