Three-Story Office
For Sale
$999,000
426 Clifton Avenue, Lakewood, NJ 08701
Office property with flexible work areas, private rooms, signage, and a separate rear entry from the parking lot.
Property Size2,272 SF
Days on Market119
Property Features for 426 Clifton Avenue
General Information
Standard status
Active
Size
2,272 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,870
Building Details
Building Size
2,272 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
One Real Estate Group, LLC
(732) 663-9898
Listed By:
Chaya Klein · License #1649028
(732) 663-9898
Source:
Michaelfraulo
Added: May 5
Changed: Aug 29
Last Checked: Aug 30 at 5:30PM
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 One Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This three-story office building at 426 Clifton Avenue provides a combination of open cubicle areas and multiple private offices. The layout supports varied work settings within a single office property, while signage is positioned along Clifton Avenue. A separate rear entrance connects the building to the parking lot, creating an additional point of access for staff and visitors. Built in 1940, the property offers an established office setting with both open-plan and enclosed workspace components.
Key Highlights
- Three‑story office building constructed in 1940
- Frontage on Clifton Avenue with on‑site signage
- Combination of open cubicle areas and multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,240
$695.2K
Cap Rate 7%
$496,600
$496.6K
Cap Rate 9%
$386,244
$386.2K
Market Conditions
NOI Build-Up for 2,272 SF
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.
Gross rent
$68.2K $30.00/SF
− Vacancy
−$21.8K −$9.60/SF
EGI
$46.3K $20.40/SF
− OpEx
−$11.6K −$5.10/SF
NOI
$34.8K $15.30/SF
Area
Ocean 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,240
Cap Rate 7%
$496,600
Cap Rate 9%
$386,244
Alternative Uses
Best Use
Office B
$496.6K
$434.5K – $579.4K
NOI $34,762 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$593.3K
$519.1K – $692.2K
NOI $41,529 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with flexible work areas, private rooms, signage, and a separate rear entry from the parking lot.
Where is this office building located?
The property is located at 426 Clifton Avenue Lakewood, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑story office building constructed in 1940; Frontage on Clifton Avenue with on‑site signage; Combination of open cubicle areas and multiple private offices
