Professional Office
For Sale
$1,750,000
813 Main Street, Avon by the Sea, NJ 07717
5600 SF building features four office suites plus a large garage/warehouse and on-site parking for 10 cars.
Property Size5,640 SF
Price / SF$310.28
Days on Market43
Property Features for 813 Main Street
General Information
Standard status
Active
Size
5,640 SF
Total Parking Spaces
10
Property subtype
General Commercial
Additional Details
Office Units
4
Taxes and HOA fees
Annual Taxes
$9,370
Amenities
3
Parking.
10 Parking Spaces. On Street, On Site.
Building Details
Year Built
1939
Listing Agency:
Coldwell Banker Realty
(732) 449-2777
Listed By:
Linda Henderson
(732) 449-2777
Source:
Xome
Added: Jun 29
Changed: Aug 9
Last Checked: Aug 10 at 3:27AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 5,640 SF professional office building in Avon-by-the-Sea is currently owner occupied and includes four office suites along with a large garage/warehouse area. Floor plans are available. The site is located in the General Commercial Zone and is part of the North End Redevelopment Plan.
The property is described as offering good visibility and easy access to major arteries, supported by on-site parking for 10 cars plus convenient street parking.
The current configuration supports multiple private office uses with an attached garage/warehouse component, offering flexibility for an owner-tenant scenario or for a buyer seeking to occupy and/or lease portions of the space.
The property is described as offering good visibility and easy access to major arteries, supported by on-site parking for 10 cars plus convenient street parking.
The current configuration supports multiple private office uses with an attached garage/warehouse component, offering flexibility for an owner-tenant scenario or for a buyer seeking to occupy and/or lease portions of the space.
Key Highlights
- 5600 SF professional office building with views of Sylvan Lake
- Configured as 4 office suites plus a large garage/warehouse
- General Commercial Zone; part of the North End Redevelopment Plan
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
$86,292
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
4.93%
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%
$1,725,840
$1.7M
Cap Rate 7%
$1,232,743
$1.2M
Cap Rate 9%
$958,800
$958.8K
Market Conditions
NOI Build-Up for 5,640 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
$169.2K $30.00/SF
− Vacancy
−$54.1K −$9.60/SF
EGI
$115.1K $20.40/SF
− OpEx
−$28.8K −$5.10/SF
NOI
$86.3K $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%
$1,725,840
Cap Rate 7%
$1,232,743
Cap Rate 9%
$958,800
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,292 @ 7.0% cap · market cap 4.93%
Second Best
Warehouse
$937.9K
$820.6K – $1.09M
NOI $65,651 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,090 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 07717, NJ
1,933
Population
1,254
Households
1.5
Avg Household Size
52
Median Age
72%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
4,833
Density / Sq Mi
$109,113
Median Household Income
$52,386
Median Earnings
$1,891
Median Rent
$1,349,000
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 - 5600 SF building features four office suites plus a large garage/warehouse and on-site parking for 10 cars.
Where is this office units located?
The property is located at 813 Main Street Avon by the Sea, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5600 SF professional office building with views of Sylvan Lake; Configured as 4 office suites plus a large garage/warehouse; General Commercial Zone; part of the North End Redevelopment Plan
