Two-Office Commercial
New
For Sale
$999,950
804 The Plaza, Sea Girt, NJ 08750
Commercial Sale, Sea Girt, NJ
Property Size2,000 SF
Price / SF$499.98
Days on Market3
Property Features for 804 The Plaza
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, On Street, Open, Offsite, Off Street
Directions
Washington to The Plaza - ideally located next to Sea Girt Post Office
Standard status
Active
APN
43-00076-0000-00010-01
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1762
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Floors in Building
1
Listing Agency:
Ward Wight Sotheby's International Realty
(732) 449-3322
Listed By:
Keith W Kernan · License #0560338
(732) 449-3322
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 5:06PM
MLS# 22626233
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.
Investment Insights
Based on property information with market context.
This first-floor office condominium combines two individually deeded units into approximately 2,000 square feet of professional workspace. The layout includes an open work area, two private offices, a bathroom, and recently updated flooring. The property is suited to general office use and may be separated into its two separate units, each approximately 1,000 square feet.
Located at 804 The Plaza in Sea Girt, NJ, the property offers parking lot, off-street, on-street, open, and offsite parking options. Building services include forced-air heating, public water, and public sewer.
Located at 804 The Plaza in Sea Girt, NJ, the property offers parking lot, off-street, on-street, open, and offsite parking options. Building services include forced-air heating, public water, and public sewer.
Key Highlights
- Approximately 2,000 square feet combining two office condo units
- Two individually deeded units, each approximately 1,000 square feet, with separation available
- First‑floor layout with open workspace and two private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$612,000
$612.0K
Cap Rate 7%
$437,143
$437.1K
Cap Rate 9%
$340,000
$340.0K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$60.0K $30.00/SF
− Vacancy
−$19.2K −$9.60/SF
EGI
$40.8K $20.40/SF
− OpEx
−$10.2K −$5.10/SF
NOI
$30.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$612,000
Cap Rate 7%
$437,143
Cap Rate 9%
$340,000
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 08750, NJ
3,505
Population
2,032
Households
1.7
Avg Household Size
55
Median Age
71%
College-Educated
99%
High-School Grad
1.9 sq mi
ZIP Area
1,845
Density / Sq Mi
$150,357
Median Household Income
$66,603
Median Earnings
$2,039
Median Rent
$1,117,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office suite with an open layout, private offices, updated flooring, and on-site parking.
Where is this office units located?
The property is located at 804 The Plaza Sea Girt, NJ.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: Approximately 2,000 square feet combining two office condo units; Two individually deeded units, each approximately 1,000 square feet, with separation available; First‑floor layout with open workspace and two private offices
