Open-Plan Office
For Sale
Contact for pricing
Pending
601 Bangs Avenue #401, Asbury Park, NJ 07712
A 360-square-foot workspace features broad windows, 9-foot ceilings, and one gated parking space.
Property Size360 SF
Days on Market89
Property Features for 601 Bangs Avenue #401
General Information
Standard status
Pending
Size
360 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Property Use
Office
Listing Agency:
EXP Realty
Listed By:
William R Hagan · License #0568207
(732) 719-2302
Source:
Defelicerealtygroup
Added: Aug 5
Changed: Oct 31
Last Checked: Oct 31 at 2:38PM
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 EXP Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 360-square-foot office unit at 601 Bangs Avenue #401 has an open layout, large windows, and 9-foot ceilings. Heat, air conditioning, and electricity are included in the rent, and restrooms are on the same floor. One gated parking space accompanies the unit.
Located in downtown Asbury Park, the office presents a compact workspace configuration with shared-floor restroom access and dedicated gated parking.
Located in downtown Asbury Park, the office presents a compact workspace configuration with shared-floor restroom access and dedicated gated parking.
Key Highlights
- 360 square feet with an open floor plan
- 9‑foot ceilings and large windows
- Heat, air conditioning, and electricity included in rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,160
$110.2K
Cap Rate 7%
$78,686
$78.7K
Cap Rate 9%
$61,200
$61.2K
Market Conditions
NOI Build-Up for 360 SF
Gross rent
$10.8K $30.00/SF
− Vacancy
−$3.5K −$9.60/SF
EGI
$7.3K $20.40/SF
− OpEx
−$1.8K −$5.10/SF
NOI
$5.5K $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%
$110,160
Cap Rate 7%
$78,686
Cap Rate 9%
$61,200
Alternative Uses
Best Use
Office B
$78.7K
$68.9K – $91.8K
NOI $5,508 @ 7.0% cap · market cap 553.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$94.0K
$82.3K – $109.7K
NOI $6,580 @ 7.0% cap · market cap 661.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A 360-square-foot workspace features broad windows, 9-foot ceilings, and one gated parking space.
Where is this office unit located?
The property is located at 601 Bangs Avenue #401 Asbury Park, NJ.
What are key features of this property?
This property features: 360 square feet with an open floor plan; 9‑foot ceilings and large windows; Heat, air conditioning, and electricity included in rent
