Ground-Floor Medical Office
For Sale
Contact for pricing
804 W Park Avenue #C1, Asbury Park, NJ 07712
Four private offices and two entrances support separate patient or client access.
Property Size1,028 SF
Price / SF$2.33
Days on Market53
Property Features for 804 W Park Avenue #C1
General Information
Standard status
Active
Size
1,028 SF
Property subtype
Office
Space & Availability
Floor
Ground Floor
Condition
Move-in Ready
Additional Details
Public Transit
Yes
Property Use
Office
Building Details
Year Built
1984
Listing Agency:
J.J. Elek Guarantee Sales
Listed By:
Thomas McNeill · License #2297451
(732) 634-9100
Source:
Defelicerealtygroup
Added: Sep 10
Changed: Oct 31
Last Checked: Oct 31 at 2:23PM
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 J.J. Elek Guarantee Sales
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Investment Insights
Based on property information with market context.
This 1,028-square-foot medical office suite occupies the ground floor and was built in 1984. Its layout includes a reception area, four private offices, basement storage, and two separate entrances. The space has been renovated and is presented for immediate occupancy, with potential use as a medical practice or general office.
The suite is at 804 W Park Avenue in Ocean Township, near public transportation, banking, and eateries.
The suite is at 804 W Park Avenue in Ocean Township, near public transportation, banking, and eateries.
Key Highlights
- 1,028‑square‑foot ground‑floor medical office suite
- Reception area, four private offices, and basement storage
- Two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,307
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,140
$306.1K
Cap Rate 7%
$218,671
$218.7K
Cap Rate 9%
$170,078
$170.1K
Market Conditions
NOI Build-Up for 1,028 SF
Gross rent
$27.1K $26.40/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$25.5K $24.82/SF
− OpEx
−$10.2K −$9.93/SF
NOI
$15.3K $14.89/SF
Area
Monmouth County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,140
Cap Rate 7%
$218,671
Cap Rate 9%
$170,078
Alternative Uses
Best Use
Office B
$224.7K
$196.6K – $262.1K
NOI $15,728 @ 7.0% cap · market cap 656.70%
Second Best
Healthcare Medical
$218.7K
$191.3K – $255.1K
NOI $15,307 @ 7.0% cap · market cap 639.12%
Theoretical Best
Office A
$268.4K
$234.9K – $313.2K
NOI $18,790 @ 7.0% cap · market cap 784.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Stobie Daniel DVM — 282 daniele dr, ocean township, nj 07712
Frequently Asked Questions
What type of property is this?
Medical Office Space - Four private offices and two entrances support separate patient or client access.
Where is this medical office space located?
The property is located at 804 W Park Avenue #C1 Asbury Park, NJ.
What are key features of this property?
This property features: 1,028‑square‑foot ground‑floor medical office suite; Reception area, four private offices, and basement storage; Two separate entrances
