Medical Office
3701 Us Highway 9 Howell, NJ 07731
For Sale
$449,900
Approximately 1,640-square-foot medical office building offered for sale, subject to existing tenancy.
Property Size1,640 SF
Price / SF$274.33
Days on Market1941
Property Features for 3701 Us Highway 9
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty Central Monmouth
Listed By:
Mark J Krupnick
(833) 740-1234
Source:
Actionplusrealty
Added: Apr 6, 2021
Changed: Jul 29
Last Checked: Jul 29 at 5:07AM
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 Keller Williams Realty Central Monmouth
Investment Insights
Based on property information with market context.
This is an approximately 1,640-square-foot medical office building for sale. The sale will be subject to existing tenancy.
The property is located at 3701 US Highway 9 in Howell, NJ 07731. Prospective buyers should plan for the current tenant occupancy at the time of closing.
The listing is presented as an income-producing medical office asset with space sized for a dedicated medical practice use.
The property is located at 3701 US Highway 9 in Howell, NJ 07731. Prospective buyers should plan for the current tenant occupancy at the time of closing.
The listing is presented as an income-producing medical office asset with space sized for a dedicated medical practice use.
Key Highlights
- Approximately 1,640‑square‑foot medical office building for sale
- Year built: 1950
- Sale is subject to existing tenancy
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 | $49.2k | $30.00 |
| − Vacancy | −$15.7k | −$9.60 |
| EGI | $33.5k | $20.40 |
| − OpEx | −$8.4k | −$5.10 |
| NOI | $25.1k | $15.30 |
1,640 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$358.5K
$313.7K – $418.2K
NOI $25,092 @ 7.0% cap · market cap 5.58%
Second Best
Healthcare Medical
$348.8K
$305.2K – $407.0K
NOI $24,419 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Coastal Elite Veterinary Services — 3701 US-9, Howell Township, NJ 07731
- Priority Vet - Pet Urgent Care of Howell — 4012 US-9, Howell Township, NJ 07731
Frequently Asked Questions
What type of property is this?
Medical Office Space - Approximately 1,640-square-foot medical office building offered for sale, subject to existing tenancy.
Where is this medical office space located?
The property is located at 3701 Us Highway 9 Howell, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Approximately 1,640‑square‑foot medical office building for sale; Year built: 1950; Sale is subject to existing tenancy
