Renovated Medical Office
For Sale
Contact for pricing
812 Poole Avenue, Hazlet, NJ 07730
Occupied counseling office suite with a renovated interior and established professional use.
Property Size830 SF
Price / SF$210.84
Days on Market8
Property Features for 812 Poole Avenue
General Information
Standard status
Active
Size
830 SF
Class
B
Total Parking Spaces
4
Property subtype
Retail, Office
Zoning
R70
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$13,612
Building Details
Year Built
1985
Year Renovated
2025
Buildings
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Maximo Properties LLC
(917) 405-3775
Listed By:
Maximilian Sanchez · License #49sa0997567
Source:
Crexi
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 20 at 7:14AM
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.
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 = 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
$12,699
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
7.26%
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%
$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
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
$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 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%
$253,980
Cap Rate 7%
$181,414
Cap Rate 9%
$141,100
Alternative Uses
Best Use
Office B
$181.4K
$158.7K – $211.7K
NOI $12,699 @ 7.0% cap · market cap 7.26%
Second Best
Healthcare Medical
$176.5K
$154.5K – $206.0K
NOI $12,358 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$216.7K
$189.6K – $252.9K
NOI $15,171 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
