Building Details

Year built 1939

Floors in Building 1

Listing Agency: Coldwell Banker Realty

Listed By: Linda B Henderson Show Phone

Added: Jul 1 Changed: Sep 4 Last Checked: Sep 20 at 11:06PM

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MLS# 22619936

Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This professional office building was constructed in 1939 and is arranged as four office suites alongside a substantial garage and warehouse component. The property is currently occupied by the owner, with the option for that occupancy to continue as a tenancy or end at closing. Views toward Sylvan Lake add a distinctive setting to the office configuration.

The site is within the General Commercial Zone and falls under the North End Redevelopment Plan. It is positioned on Main Street in Avon-by-the-sea, with visibility and access to major arteries. Public water and public sewer serve the property, and floor plans are available for review.

Key Highlights

• Four office suites plus a garage and warehouse area
• 5,640 square feet of property size
• General Commercial Zone designation

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

$92,513

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

5.29%

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%

$1,850,260 $1.9M

Cap Rate 7%

$1,321,614 $1.3M

Cap Rate 9%

$1,027,922 $1.0M

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

$183.4K $32.52/SF

− Vacancy

−$41.1K −$7.28/SF

EGI

$142.3K $25.24/SF

− OpEx

−$49.8K −$8.83/SF

NOI

$92.5K $16.40/SF

Area

Monmouth County, NJ

Vacancy

22.40%

Lease Rate

$32.52 /SF/Yr

Expense Ratio

35.00%

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%

$1,850,260

Cap Rate 7%

$1,321,614

Cap Rate 9%

$1,027,922

Alternative Uses

Best Use

Flex RnD

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,513 @ 7.0% cap · market cap 5.29%

Second Best

Office B

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,292 @ 7.0% cap · market cap 4.93%

Theoretical Best

Office A

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,090 @ 7.0% cap · market cap 5.89%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Landmark Surveying & Engineering Land Surveyor John Hancock Financial ... Insurance Agency Doehler-Mc Evoy Financial ... Consultant Hardie Windows & Siding ... Hardware & Home Improvement

Suggested Use

Top Pick Dental Office Real Estate Agency Big Box & Wholesale Store Pharmacy Building Supply Law Firm

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

Lease Details

4

Office units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,007

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

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 office buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Four-suite professional office property with an attached garage and warehouse area in a General Commercial Zone.

Where is this office building 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: Four office suites plus a garage and warehouse area; 5,640 square feet of property size; General Commercial Zone designation