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    197 Hance Ave Tinton Falls, NJ 07724

    For Lease
    $28 SF/Yr

    58,000 SF Medical/Office Building, NJ

    Lot size:
    58,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A, 58,000-square-foot medical office building presents a rare investment opportunity in Tinton Falls, New Jersey. Situated on a 2.73-acre lot at 197 Hance Ave (cross street: Apple St.), this single-tenant property boasts a modern design, constructed in 2003. The two-story building features 90 parking spaces, a single elevator, and substantial power infrastructure: 208-volt, three-phase power at 2,500 amps. The building's zoning is IOP, and its APN is 49-00015-01-00006. Originally built as a multi-specialty animal hospital, this property offers significant cost savings compared to new construction. Its advanced HVAC and filtration systems, along with existing infrastructure for advanced medical equipment (including potential for CT and Linear Accelerator installations), make it highly adaptable for various healthcare uses beyond veterinary medicine. The building's floor area ratio (FAR) is 0.35. This turnkey property is ready for immediate occupancy and offers significant potential for a variety of healthcare tenants. The property's location in Tinton Falls, NJ, 07724 provides excellent access and visibility.

    Property Features for 197 Hance Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,000 SF
    Class
    A
    Total Rate
    135333.33

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    58,000 SF
    Rate per SF
    $28

    HighLights

    • Custom‑built state‑of‑the‑art animal hospital.
    • Ample surface and below‑grade parking.
    • On‑site linear accelerator infrastructure.
    • 50‑seat training/theater room.
    • HVAC systems recently replaced (within past 3 years).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TD Bank ATM Atm Trotter Thomas S ... Veterinarian sportsvet Veterinarian

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tinton Falls
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.083100891199
    Latitude
    40.330193174208

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    FAQs

    What type of property is this?
    Medical office - 58,000 SF Medical/Office Building, NJ
    Where is this medical office located?
    The property is located at 197 Hance Ave Tinton Falls, NJ.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Custom-built state-of-the-art animal hospital.; Ample surface and below-grade parking.; On-site linear accelerator infrastructure.
    Request Owner's contact information
    197 Hance Ave Tinton Falls, NJ 07724
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    Tinton Falls, NJ 07724
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 Hance Ave Tinton Falls, NJ 07724
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