Open-Layout Office
For Sale
Contact for pricing
8-239 Avenel St, Avenel, NJ 07001
Flexible professional workspace with a private bathroom and tenant-paid utilities.
Property Size10,000 SF
Price / SF$0.15
Days on Market60
Property Features for 8-239 Avenel St
General Information
Standard status
Active
Size
10,000 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$34,169
Amenities
private bathroom
Listing Agency:
BHHS FOX & ROACH REALTORS
(732) 946-3200
Listed By:
RHONDA L. BECK EDWARDS
Source:
Exprealty
Added: Aug 18
Changed: Oct 9
Last Checked: Oct 14 at 11:23PM
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 BHHS FOX & ROACH REALTORS
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 office unit offers a bright, open interior that can be configured for a range of professional operations. A private bathroom is included, providing added convenience for occupants and visitors. The space may also be combined with Unit 8, creating more than 1,600 square feet of workspace.
The occupancy structure is straightforward: there are no CAM charges, and tenants pay only the utilities serving their individual space. The adaptable layout can support office, wellness, studio, showroom, training, and other professional-service uses identified for the property.
The occupancy structure is straightforward: there are no CAM charges, and tenants pay only the utilities serving their individual space. The adaptable layout can support office, wellness, studio, showroom, training, and other professional-service uses identified for the property.
Key Highlights
- Bright, open office layout
- Private bathroom included
- Can combine with Unit 8 for more than 1,600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $15.30/SF
Area
Middlesex 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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 10,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 12,185.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Flexible professional workspace with a private bathroom and tenant-paid utilities.
Where is this office units located?
The property is located at 8-239 Avenel St Avenel, NJ.
What are key features of this property?
This property features: Bright, open office layout; Private bathroom included; Can combine with Unit 8 for more than 1,600 square feet
