Two-Unit Medical Office
670-99 N Beers St Unit 2, Holmdel, NJ 07733
For Sale
$500,000
M-zoned commercial space supports separate or combined office configurations.
Property Size2,400 SF
Price / SF$208.33
Days on Market49
Property Features for 670-99 N Beers St Unit 2
General Information
Standard status
Size
Zoning
Additional Details
Office Units
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS WEST MONMOUTH
Listed By:
MARK J. KRUPNICK · License #7852219
(732) 691-5653
Source:
Mynewjerseyrealestate
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 7 at 2:51PM
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 WEST MONMOUTH
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400 SF medical office property contains two units that can function independently or be combined into one larger practice environment. The layout supports conversion into two complete medical offices, providing flexibility for separate occupants or a single user seeking expanded space. M zoning accommodates a variety of office uses, including medical office operations. Built in 1989, the property is located in the Holmdel area and offers a configuration suited to owner occupancy, leasing one unit while using the other, or maintaining separate office suites. Its two-unit arrangement provides multiple ways to organize professional workspace within one commercial property.
Key Highlights
- 2,400 SF medical office property
- Two separate units with combined‑use flexibility
- Can be arranged as two complete medical offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,720
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,400
$734.4K
Cap Rate 7%
$524,571
$524.6K
Cap Rate 9%
$408,000
$408.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$72.0K $30.00/SF
− Vacancy
−$23.0K −$9.60/SF
EGI
$49.0K $20.40/SF
− OpEx
−$12.2K −$5.10/SF
NOI
$36.7K $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%
$734,400
Cap Rate 7%
$524,571
Cap Rate 9%
$408,000
Alternative Uses
Best Use
Office B
$524.6K
$459.0K – $612.0K
NOI $36,720 @ 7.0% cap · market cap 7.34%
Second Best
Healthcare Medical
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07733, NJ
17,266
Population
6,318
Households
2.7
Avg Household Size
46
Median Age
67%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
970
Density / Sq Mi
$175,559
Median Household Income
$100,004
Median Earnings
$3,501
Median Rent
$814,000
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Monmouth County, NJ
Properties on Market for Medical Office Space in Monmouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - M-zoned commercial space supports separate or combined office configurations.
Where is this medical office space located?
The property is located at 670-99 N Beers St Unit 2 Holmdel, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,400 SF medical office property; Two separate units with combined‑use flexibility; Can be arranged as two complete medical offices
