First-Floor Turn-Key Office
800 The Plaza #1 Sea Girt, NJ 08750
New
For Sale
$545,000
Turn-key first-floor office condo with open workspace, two private offices, and a private bathroom.
Property Size2,000 SF
Price / SF$272.50
Days on Market6
Property Features for 800 The Plaza #1
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Listing Agency:
WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY
(732) 449-3322
Listed By:
KEITH W KERNAN · License #0560338
Source:
Corcoran
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 26 at 8:15AM
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 WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
First-floor, turn-key two-office office condo suite offering an open floor plan with recently updated flooring, two private offices, and a bathroom. The space is designed for professional general office use and provides ample workspace for day-to-day operations.
The combined unit can be purchased as a whole or separated, as the two condo units are deeded individually and are also listed separately. The property includes plenty of parking, supporting convenient tenant access.
This offering presents a straightforward configuration for an office operator looking for a ready-to-use layout, with the flexibility to utilize the suite as one combined space or as independently deeded units.
The combined unit can be purchased as a whole or separated, as the two condo units are deeded individually and are also listed separately. The property includes plenty of parking, supporting convenient tenant access.
This offering presents a straightforward configuration for an office operator looking for a ready-to-use layout, with the flexibility to utilize the suite as one combined space or as independently deeded units.
Key Highlights
- First‑floor, turn‑key two‑office condo in Sea Girt with open floor plan and updated flooring
- Approximately 2,000 SF total with two private offices, workspace area, and a private bathroom
- Combined two‑office unit can be separated into two individually deeded ~1,000 SF office units
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 | $60.0k | $30.00 |
| − Vacancy | −$19.2k | −$9.60 |
| EGI | $40.8k | $20.40 |
| − OpEx | −$10.2k | −$5.10 |
| NOI | $30.6k | $15.30 |
2,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Turn-key first-floor office condo with open workspace, two private offices, and a private bathroom.
Where is this office units located?
The property is located at 800 The Plaza #1 Sea Girt, NJ.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: First‑floor, turn‑key two‑office condo in Sea Girt with open floor plan and updated flooring; Approximately 2,000 SF total with two private offices, workspace area, and a private bathroom; Combined two‑office unit can be separated into two individually deeded ~1,000 SF office units
