Two-Office Professional
For Sale
$949,950
804 The Plaza Unit 1, Sea Girt, NJ 08750
First-floor commercial condominium with updated flooring, an open layout, private offices, bathroom, and on-site parking.
Property Size2,000 SF
Price / SF$474.98
Days on Market53
Property Features for 804 The Plaza Unit 1
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Floor
1
Office Units
2
Listing Agency:
Ward Wight Sotheby's International Realty
Listed By:
Keith W Kernan · License #0560338
(732) 449-3322
Source:
Goldstandardrealty
Added: Aug 23
Changed: Oct 11
Last Checked: Oct 7 at 1:59PM
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.
Located at 804 The Plaza Unit 1 in Sea Girt, this first-floor office condominium combines two 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 units are deeded individually and may be separated, with each offering approximately 1,000 square feet. On-site parking is included, and the property is suited to professional general office use.
The units are deeded individually and may be separated, with each offering approximately 1,000 square feet. On-site parking is included, and the property is suited to professional general office use.
Key Highlights
- Approximately 2,000 square feet across two combined office condo units
- First‑floor layout with an open workspace and two private offices
- Recently updated flooring and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,600
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
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
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 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 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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 commercial condominium with updated flooring, an open layout, private offices, bathroom, and on-site parking.
Where is this office units located?
The property is located at 804 The Plaza Unit 1 Sea Girt, NJ.
What is the asking price?
The asking price for this property is $949,950.
What are key features of this property?
This property features: Approximately 2,000 square feet across two combined office condo units; First‑floor layout with an open workspace and two private offices; Recently updated flooring and one bathroom
