Building Details

Year Built 1985

Year Renovated 2025

Buildings 1

Units 1

Tenancy Single

Abandoned No

Listing Agency: Maximo Properties LLC

Listed By: Maximilian Sanchez · License #49sa0997567 Show Phone

Source: Crexi

Added: Aug 14 Changed: Oct 2 Last Checked: Oct 5 at 3:52PM

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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 Maximo Properties LLC

Investment Insights

Based on property information with market context.

This 830-square-foot medical office suite in Hazlet is fully renovated and currently occupied by professional counseling therapists. The property was built in 1985 and carries R70 zoning, providing a defined office setting within an established commercial real estate asset.

Located at 812 Poole Avenue, the suite offers an existing professional occupancy rather than vacant premises. The current counseling use and renovated condition provide clear physical and operational context for purchasers evaluating the property.

Key Highlights

• 830‑square‑foot medical office suite
• Fully renovated interior
• Currently occupied by professional counseling therapists

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,699

Cap Rate

7.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,980 $254.0K

Cap Rate 7%

$181,414 $181.4K

Cap Rate 9%

$141,100 $141.1K

Market Conditions

NOI Build-Up for 830 SF

Gross rent

$24.9K $30.00/SF

− Vacancy

−$8.0K −$9.60/SF

EGI

$16.9K $20.40/SF

− OpEx

−$4.2K −$5.10/SF

NOI

$12.7K $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%

$253,980

Cap Rate 7%

$181,414

Cap Rate 9%

$141,100

Alternative Uses

Best Use

Office B

$181.4K

$158.7K – $211.7K (±1% cap)

NOI $12,699 @ 7.0% cap · market cap 7.26%

Second Best

Healthcare Medical

$176.5K

$154.5K – $206.0K (±1% cap)

NOI $12,358 @ 7.0% cap · market cap 7.06%

Theoretical Best

Office A

$216.7K

$189.6K – $252.9K (±1% cap)

NOI $15,171 @ 7.0% cap · market cap 8.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

NJ Virility Center Medical Clinic Jeffrey S. Sachs,D.M.D. Dental Office Dr. Joseph A. Sarnelle ... Physician Monmouth Weight Loss ... Weight Loss Service Katz Lawrence MD Physician

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Hair Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

661

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 07730, NJ

17,263

Population

6,713

Households

2.6

Avg Household Size

44

Median Age

32%

College-Educated

94%

High-School Grad

5.2 sq mi

ZIP Area

3,320

Density / Sq Mi

$122,276

Median Household Income

$62,017

Median Earnings

$1,149

Median Rent

$452,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Occupied counseling office suite with a renovated interior and established professional use.

Where is this medical office space located?

The property is located at 812 Poole Avenue Hazlet, NJ.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 830‑square‑foot medical office suite; Fully renovated interior; Currently occupied by professional counseling therapists