Medical Office Condo
670 N Beers St # 4 Holmdel, NJ 07733
670 N Beers St # 4, Holmdel, NJ, 07733
$500,000
For Sale
$500,000
Two contiguous medical office suites totaling about 2,400 SF, with separate utilities and adequate paved parking.
Property Size2,400 SF
Lot Size6.68 Acres
Price / SF$208.33
Days on Market155
Property Features for 670 N Beers St # 4
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 6.68 Acres
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 1989
Listing agency
Keller Williams West Monmouth
(732) 691-5653
Listed by
Mark Krupnick · License #7852219
(732) 691-5653
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 22 at 3:16PM Checked: Jul 22 at 3:16PM
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
Investment Insights
Based on property information with market context.
Introducing 670 N Beers St #4, a well-maintained medical office condominium space configured as two contiguous units. The property totals approximately 2,400 square feet and is described as two suites of about 1,200 square feet each. The layout can be used together as one larger office or separated to support two complete medical offices, with all separate utilities noted for each unit.
The property is in the Holmdel area and is positioned near Bayshore Medical Center. Access is described as convenient to Highways 35, 36, 34, 9, and 18, Holmdel Road, County Route 520, and the Garden State Parkway interchange 117. Adequate paved parking is available on site.
The condo is identified as zoned M for a variety of office uses, supported by the property’s described flexibility for an owner-occupant or investor strategy.
The property is in the Holmdel area and is positioned near Bayshore Medical Center. Access is described as convenient to Highways 35, 36, 34, 9, and 18, Holmdel Road, County Route 520, and the Garden State Parkway interchange 117. Adequate paved parking is available on site.
The condo is identified as zoned M for a variety of office uses, supported by the property’s described flexibility for an owner-occupant or investor strategy.
Key Highlights
- Two contiguous medical office suites totaling about 2,400 SF in a 4‑building office condominium complex
- Comprises two units (about 1,200 SF each) that can be used together as one large office or separately as two offices
- Zoned M for office uses
Local 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 | $72.0k | $30.00 |
| − Vacancy | −$23.0k | −$9.60 |
| EGI | $49.0k | $20.40 |
| − OpEx | −$12.2k | −$5.10 |
| NOI | $36.7k | $15.30 |
2,400 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NAV-X LLC
(Bike/Boat/Book/etc) Store
Clients First Business ...
(Bike/Boat/Book/etc) Store
Interventional Spine & Pain ...
Physician
Surya Girija MD
Physician
Physical Therapy Center
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Two contiguous medical office suites totaling about 2,400 SF, with separate utilities and adequate paved parking.
Where is this medical office space located?
The property is located at 670 N Beers St # 4 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: Two contiguous medical office suites totaling about 2,400 SF in a 4‑building office condominium complex; Comprises two units (about 1,200 SF each) that can be used together as one large office or separately as two offices; Zoned M for office uses
