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    197 Hance Ave Tinton Falls, NJ 07724

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    58,000 SF Medical Office Building - Vacant

    Property size:
    58,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 58,000-square-foot Class B medical office building, located at 197 Hance Ave, Tinton Falls, NJ 07724, presents a unique owner-user opportunity. Built in 2003, the two-story building sits on a 2.73-acre lot and features 46,000 square feet of net rentable space. Currently vacant with an occupancy date of June 24, 2024, this property offers significant potential. Previously configured as a state-of-the-art veterinary hospital, it boasts hospital-grade infrastructure including a linear accelerator and MRI rooms, a lecture hall, and ample space for various medical specialists. The building's design allows for easy reconfiguration to suit a wide range of healthcare uses. The property includes 97 on-site parking spaces, with the potential for up to 250 additional spaces available from a nearby location. An on-site emergency generator system ensures reliable operation. The property is zoned IO25 and offers a single building. This is an exceptional opportunity to acquire a well-appointed medical office building in a desirable Monmouth County location. The property is ready for immediate occupancy and offers a blank canvas for a new owner to create their ideal healthcare facility.

    Property Features for 197 Hance Ave

    General Information

    Property type
    Medical offices
    Square Feet
    58,000 SF
    Class
    B
    Lot Size
    118,919 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    2

    HighLights

    • 58,000‑square‑foot Class B medical office building in Tinton Falls, NJ.
    • 2.73‑acre lot with 46,000 square feet of net rentable space.
    • Vacant, available June 24, 2024; previously a veterinary hospital with hospital‑grade infrastructure (including linear accelerator and MRI rooms).
    • 97 on‑site parking spaces, potential for 250 more nearby.
    • On‑site emergency generator and IO25 zoning.
    Property Profile 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
    -74.0829788
    Latitude
    40.3296906

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    FAQs

    What type of property is this?
    Medical office - 58,000 SF Medical Office Building - Vacant
    Where is this medical office located?
    The property is located at 197 Hance Ave Tinton Falls, NJ.
    What are key features of this property?
    This property features: 58,000-square-foot Class B medical office building in Tinton Falls, NJ.; 2.73-acre lot with 46,000 square feet of net rentable space.; Vacant, available June 24, 2024; previously a veterinary hospital with hospital-grade infrastructure (including linear accelerator and MRI rooms).
    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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