Renovated 4th-Floor Office
365 Broad Street Red Bank, NJ 07701
For Sale
$645,000
COMMERCIAL - Red Bank, NJ
Property Size2,634 SF
Lot Size0.02 Acres
Price / SF$244.87
Days on Market60
Property Features for 365 Broad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 2
- Parking features
- RV, Assigned, Parking Lot, Off Street
- Standard status
- Active
- APN
- 39-00116-0000-00030-02-C3014
- Size
- 2,634 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11538
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Building materials
- Brick
Listing Agency:
Diane Turton, Realtors-Wall
(732) 292-1400
Listed By:
Elizabeth DeFeo
(732) 292-1400
Added: May 27
Changed: Jul 25
Last Checked: Jul 25 at 9:06PM
MLS# 22615580
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.
Investment Insights
Based on property information with market context.
This fully renovated professional office space was completed in 2016 and is accessed via a private elevator that provides direct entry into the suite. The space includes two private bathrooms and was created by combining two suites into a larger 4th-floor layout. Interior features include a large executive office, high ceilings, abundant natural light, updated flooring, modern lighting, fresh paint, and a kitchenette area.
The property is located at 365 Broad Street in Red Bank and is described as being near Route 35 and Newman Springs Road, offering access to the GSP as well as NJ Transit trains and bus routes.
On-site parking includes two private parking spaces. Neighboring suites are occupied by medical practices, supporting a practical day-to-day tenant fit for professional services requiring a healthcare-adjacent environment.
The property is located at 365 Broad Street in Red Bank and is described as being near Route 35 and Newman Springs Road, offering access to the GSP as well as NJ Transit trains and bus routes.
On-site parking includes two private parking spaces. Neighboring suites are occupied by medical practices, supporting a practical day-to-day tenant fit for professional services requiring a healthcare-adjacent environment.
Key Highlights
- Fully renovated professional office space in 2016, featuring fresh paint, updated flooring, and modern lighting
- 2,600+ sq ft 4th‑floor suite created by combining two suites, with a large executive office and high ceilings
- Includes kitchenette plus 2 private bathrooms and a private elevator with direct access into the suite
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 | $79.0k | $30.00 |
| − Vacancy | −$25.3k | −$9.60 |
| EGI | $53.7k | $20.40 |
| − OpEx | −$13.4k | −$5.10 |
| NOI | $40.3k | $15.30 |
2,634 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$575.7K
$503.8K – $671.7K
NOI $40,300 @ 7.0% cap · market cap 6.25%
Second Best
Healthcare Medical
$560.3K
$490.2K – $653.7K
NOI $39,219 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$687.8K
$601.8K – $802.4K
NOI $48,145 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Fully renovated 4th-floor office suite with private elevator access, kitchenette, high ceilings, and two private parking spaces.
Where is this office units located?
The property is located at 365 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Fully renovated professional office space in 2016, featuring fresh paint, updated flooring, and modern lighting; 2,600+ sq ft 4th‑floor suite created by combining two suites, with a large executive office and high ceilings; Includes kitchenette plus 2 private bathrooms and a private elevator with direct access into the suite
