Two-Room Office
For Sale
Contact for pricing
761 Palmer Avenue #2, Holmdel, NJ 07733
A ground-level suite offers a compact layout that can be arranged as a reception area and private office.
Property Size6,136 SF
Price / SF$0.15
Days on Market117
Property Features for 761 Palmer Avenue #2
General Information
Standard status
Active
Size
6,136 SF
Property subtype
Office
Additional Details
Floor
First Floor
Utilities to Site
Yes
Office Units
1
Property Use
Office
Building Details
Year Built
1987
Listing Agency:
C21 Thomson & Co.
Listed By:
Tammy Aversa · License #1866649
(732) 945-7035
Source:
Defelicerealtygroup
Added: Jul 8
Changed: Oct 31
Last Checked: Oct 31 at 3:07AM
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 C21 Thomson & Co.
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.
Located at 761 Palmer Avenue in Holmdel, this first-floor office suite contains 230 square feet arranged across two rooms. The layout can support a reception area with a separate office or two private work areas.
Utilities are included, with internet and cable excluded. The property was built in 1987.
Utilities are included, with internet and cable excluded. The property was built in 1987.
Key Highlights
- 230‑square‑foot suite with two rooms
- First‑floor office space at 761 Palmer Avenue in Holmdel
- Utilities included; internet and cable are excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,881
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,877,620
$1.9M
Cap Rate 7%
$1,341,157
$1.3M
Cap Rate 9%
$1,043,122
$1.0M
Market Conditions
NOI Build-Up for 6,136 SF
Gross rent
$184.1K $30.00/SF
− Vacancy
−$58.9K −$9.60/SF
EGI
$125.2K $20.40/SF
− OpEx
−$31.3K −$5.10/SF
NOI
$93.9K $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%
$1,877,620
Cap Rate 7%
$1,341,157
Cap Rate 9%
$1,043,122
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,881 @ 7.0% cap · market cap 10,431.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,156 @ 7.0% cap · market cap 12,461.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A ground-level suite offers a compact layout that can be arranged as a reception area and private office.
Where is this office unit located?
The property is located at 761 Palmer Avenue #2 Holmdel, NJ.
What are key features of this property?
This property features: 230‑square‑foot suite with two rooms; First‑floor office space at 761 Palmer Avenue in Holmdel; Utilities included; internet and cable are excluded
