Renovated Office
For Sale
$369,900
80 Hazlet Avenue, Hazlet, NJ 07730
Commercial Sale, Hazlet, NJ
Property Size970 SF
Lot Size0.02 Acres
Price / SF$381.34
Days on Market47
Property Features for 80 Hazlet Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
75
Parking features
Off Street, Parking Lot
Directions
Bethany Road or Route 35 to Hazlet Ave... Directly across the street from bethany Liquors
Standard status
Active
APN
18-00224-0000-00003-06
Size
970 SF
Lot size
0.02 Acres
Additional Details
Property Use
Office
Condition
Newly Renovated
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3715
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Vinyl
Roof type
Asphalt
Listing Agency:
Interstate Home Properties
Listed By:
Ryan Brown
(347) 393-9790
Added: Sep 14
Changed: Oct 29
Last Checked: Oct 30 at 11:06PM
MLS# 22629052
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Unit 6 at 80 Hazlet Avenue is a 970-square-foot, single-level ranch-style office property within a 12-unit self-governing HOA. The space underwent a comprehensive renovation in summer 2024, including vinyl plank flooring, new windows, a LENNOX heating and cooling system, water heater, bathroom fixtures, tile, electrical outlets, commercial doors, metal frames, and controlled-access locksets. New shaker-style vinyl siding completes the exterior update.
The property provides off-street parking in a parking lot and is served by public water and public sewer. Additional building systems include forced-air heating, central air, and an asphalt roof. The office configuration is identified as suitable for health, wellness, medical, insurance, real estate, and accounting professionals. The building was constructed in 1970 and is located in Hazlet, Monmouth County, New Jersey.
The property provides off-street parking in a parking lot and is served by public water and public sewer. Additional building systems include forced-air heating, central air, and an asphalt roof. The office configuration is identified as suitable for health, wellness, medical, insurance, real estate, and accounting professionals. The building was constructed in 1970 and is located in Hazlet, Monmouth County, New Jersey.
Key Highlights
- 970 SF office unit with a single‑level ranch‑style layout
- Comprehensively renovated in summer 2024
- New LENNOX heating and cooling system, windows, water heater, flooring, and bathroom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,841
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,820
$296.8K
Cap Rate 7%
$212,014
$212.0K
Cap Rate 9%
$164,900
$164.9K
Market Conditions
NOI Build-Up for 970 SF
Gross rent
$29.1K $30.00/SF
− Vacancy
−$9.3K −$9.60/SF
EGI
$19.8K $20.40/SF
− OpEx
−$4.9K −$5.10/SF
NOI
$14.8K $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%
$296,820
Cap Rate 7%
$212,014
Cap Rate 9%
$164,900
Alternative Uses
Best Use
Office B
$212.0K
$185.5K – $247.4K
NOI $14,841 @ 7.0% cap · market cap 4.01%
Second Best
Healthcare Medical
$206.3K
$180.5K – $240.7K
NOI $14,443 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$253.3K
$221.6K – $295.5K
NOI $17,730 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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Business Placement
Demographics for 07730, NJ
17,263
Population
6,713
Households
2.6
Avg Household Size
44
Median Age
32%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
3,320
Density / Sq Mi
$122,276
Median Household Income
$62,017
Median Earnings
$1,149
Median Rent
$452,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Single-level office unit with updated building systems, finishes, parking, and access control entry.
Where is this office unit located?
The property is located at 80 Hazlet Avenue Hazlet, NJ.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 970 SF office unit with a single‑level ranch‑style layout; Comprehensively renovated in summer 2024; New LENNOX heating and cooling system, windows, water heater, flooring, and bathroom finishes
