Building Details

Year built 1939

Floors in Building 1

Buildings 1

Listing Agency: Coldwell Banker Realty

Listed By: Linda B Henderson Show Phone

Added: Jul 1 Changed: Oct 28 Last Checked: Nov 2 at 3:06PM

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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.

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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 / Yr

$92,513

Cap Rate

5.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,850,260 $1.9M

Cap Rate 7%

$1,321,614 $1.3M

Cap Rate 9%

$1,027,922 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,640 SF

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 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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

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