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    Class A Office Building Lease Title is generated by Realmo AI

    1806 NJ-35, Oakhurst, NJ 07755

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    Class A office building with suites available for lease.

    Type:Office
    Property size:
    45,000 SF
    Added:
    Aug 15, 2024
    Days on Market:
    661
    Last Refresh:
    May 12 at 8:42 pm

    Property Features for 1806 NJ-35

    General Information

    Standard status
    Active
    Size
    45,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1981

    Spaces For Lease

    at 1806 NJ-35 Contact us

    Suite 303F $9/Mo

    Size
    500 SF
    Type
    Office
    Waiting roomn$400/month
    Contact us

    Suite 204C $17/Mo

    Size
    Type
    Office
    Suite 204C for general office for leasenn12 ft x 10 ft large private locked office...
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    Contact us

    Suite 110B $15/Mo

    Size
    400 SF
    Type
    Office
    12 x 13 ft private locked office with windows on the first floor n$500/month
    Contact us

    Suite 203C $15/Mo

    Size
    Type
    Office
    120 square ft private office with windows and shared reception /waiting roomn$400/month...
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    Contact us

    Suite 206E $18/Mo

    Size
    Type
    Office
    New renovated large private office 300 sq ftnNewly paintednHigh end tilenNew LED...
    show more
    Contact us

    Suite 203A $14/Mo

    Size
    400 SF
    Type
    Office
    Suite 203An120 SQ ft private office with window to hallway , new carpet and newly...
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    Contact us

    Suite 206A $17/Mo

    Size
    Type
    Office
    1 professional office with high end tilesnSeparate kitchenettenprofessional decorated...
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    Contact us

    Suite 100 $14/Mo

    Size
    2,400 SF
    Type
    Office
    $2,975/monthn6 examination roomsnPrivate officenWaiting room and reception areanAvailable...
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    Contact us

    Suite 104 $13/Mo

    Size
    1,100 SF
    Type
    Office
    Professional office for lease with large bullpen, , private office/kitchenette ,...
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    Contact us

    Suite 102 $15/Mo

    Size
    1,200 SF
    Type
    Office
    Newly renovated medical office n4 exam rooms nFully furnished office nWaiting room...
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    Contact us

    Suite 200D $500/Mo

    Size
    500 SF
    Type
    Office
    <p>Office with multiple cubicles</p>
    Contact us
    Show more

    We can help!

    Listing Contact
    George Smith

    Listing agent George Smith License #FLBO

    Listing office GPS Property Management

    Listing date Aug 15, 2024

    Source Crexi

    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 GPS Property Management

    HighLights

    • Flexible space: 120 sq ft - 20,000 sq ft available with build‑to‑suit options.
    • Class A office building with recent renovations to the foyer and suites.
    • Ample parking: Over 150 parking spaces available.
    • Security features: Cameras throughout the building exterior and interior lobby.
    • Highway 35 exposure for high visibility.
    • 24/7 access with WiFi included in rent.

    Overview

    This is a Class A office building available for lease, offering spaces ranging from 120 to 20,000 square feet with build-to-suit options. The building features a newly painted exterior, a renovated foyer, and recently renovated suites. Parking is available for over 150 cars in a newly paved parking lot equipped with exterior lights. Security is enhanced with cameras throughout the building's exterior and interior lobby. The property has exposure on Highway 35 and features new landscaping. It is approved for general office and medical suites. The building provides 24/7 access and includes Wi-Fi in the rent.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Oakhurst
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.022
    Latitude
    40.2647

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      Oakhurst Commercial Space For Rent

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      Oakhurst Professional Suite For Lease

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      View Details
    • $9 SF/Yr

      Office

      1900 NJ-35, Ocean Township, NJ 07755
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building with suites available for lease.
    Where is this office building located?
    The property is located at 1806 NJ-35 Oakhurst, NJ.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Flexible space: 120 sq ft - 20,000 sq ft available with build‑to‑suit options.; Class A office building with recent renovations to the foyer and suites.; Ample parking: Over 150 parking spaces available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George Smith
    Real Estate License ID: FLBO
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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    1806 NJ-35, Ocean Township, NJ 07755
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