Sea Girt Office
800 The Plaza #2 Sea Girt, NJ 08750
800 The Plaza #2, Sea Girt, NJ, 08750
$575,000
For Sale
$575,000
Turn-key office condo in desirable Sea Girt location.
Property Size1,088 SF
Price / SF$528.49
Days on Market94
Property Features for 800 The Plaza #2
General Information
- Standard status
- Active
- Size
- 1,088 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: Apr 20 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 5:11AM
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.
This first-floor, turn-key office condo is located in an outstanding in-town Sea Girt location. The combined two-office condo unit offers an open floor plan, recently updated flooring, two private offices, a bathroom, and workspace. The unit offers approximately 2,000 square feet of space. The units are also listed separately, each approximately 1,000 square feet and can be separated as the units are deeded individually. There is plenty of parking available. It is ideal for professional general office use.
Key Highlights
- Outstanding in‑town Sea Girt location.
- Turn‑key, first‑floor two‑office condo.
- Approximately 2,000 square feet of space.
Local 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 | $32.6k | $30.00 |
| − Vacancy | −$10.4k | −$9.60 |
| EGI | $22.2k | $20.40 |
| − OpEx | −$5.5k | −$5.10 |
| NOI | $16.6k | $15.30 |
1,088 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$237.8K
$208.1K – $277.4K
NOI $16,646 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.1K
$248.6K – $331.5K
NOI $19,887 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Turn-key office condo in desirable Sea Girt location.
Where is this office units located?
The property is located at 800 The Plaza #2 Sea Girt, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Outstanding in‑town Sea Girt location.; Turn‑key, first‑floor two‑office condo.; Approximately 2,000 square feet of space.
