Holmdel First Floor Office
721 N Beers Street #1B Holmdel, NJ 07733
For Sale
$269,900
First floor office with reception, exam rooms, and parking.
Property Size871 SF
Price / SF$309.87
Days on Market101
Property Features for 721 N Beers Street #1B
General Information
- Standard status
- Active
- Size
- 871 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing Agency:
RE/MAX GATEWAY
(732) 695-1600
Listed By:
ROBERT N LANGE · License #1329516
Source:
Corcoran
Added: Apr 16
Changed: Jul 10
Last Checked: Jul 24 at 8:12AM
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 RE/MAX GATEWAY
Investment Insights
Based on property information with market context.
This is a first-floor office space featuring a large reception area and waiting room. It includes two exam rooms and a handicap-accessible bathroom. A large private space with a separate rear entrance is available for staff. The complex provides ample parking, and the building features an open foyer area. The property size is 871 square feet and is located in Holmdel, New Jersey.
Key Highlights
- Spacious first floor office with large reception area and waiting room.
- Two exam rooms suitable for medical or professional use.
- Handicap accessible bathroom.
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 | $26.1k | $30.00 |
| − Vacancy | −$8.4k | −$9.60 |
| EGI | $17.8k | $20.40 |
| − OpEx | −$4.4k | −$5.10 |
| NOI | $13.3k | $15.30 |
871 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$190.4K
$166.6K – $222.1K
NOI $13,326 @ 7.0% cap · market cap 4.94%
Second Best
Healthcare Medical
$185.3K
$162.1K – $216.2K
NOI $12,969 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$227.4K
$199.0K – $265.3K
NOI $15,920 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stephen Hecht, MSW
Foster Care Service
Demetrios Grossos, DPM
Physician
Gina Lagnese, DPM
Physician
Anne M. Cook, ...
Physician
Olukayode Oladeji
Physician
FAQs
What type of property is this?
Medical Office Space - First floor office with reception, exam rooms, and parking.
Where is this medical office space located?
The property is located at 721 N Beers Street #1B Holmdel, NJ.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Spacious first floor office with large reception area and waiting room.; Two exam rooms suitable for medical or professional use.; Handicap accessible bathroom.
