Building Details

Year Built 1988

Listing Agency: ONE REAL ESTATE GROUP, LLC

Listed By: CHAYA KLEIN

Source: Corcoran

Added: May 7, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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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 ONE REAL ESTATE GROUP, LLC

Investment Insights

Based on property information with market context.

This standalone commercial building is located in Jackson. The property offers a main level ready for immediate occupancy, outfitted with plumbing and electric, and featuring an efficient office floorplan. The building includes a finished basement and a second floor, both suitable for additional office use or income-generating rentals. The property provides on-site parking. The building has a size of 2920 square feet and is suitable for medical or dental professionals, investors, or office use.

Key Highlights

• Prime location in the heart of Jackson.
• Ready for immediate occupancy with existing plumbing, electric, and efficient office floorplan.
• Ample on‑site parking for patients, staff, or tenants.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,676

Cap Rate

2.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,520 $893.5K

Cap Rate 7%

$638,229 $638.2K

Cap Rate 9%

$496,400 $496.4K

Market Conditions

NOI Build-Up for 2,920 SF

Gross rent

$87.6K $30.00/SF

− Vacancy

−$28.0K −$9.60/SF

EGI

$59.6K $20.40/SF

− OpEx

−$14.9K −$5.10/SF

NOI

$44.7K $15.30/SF

Area

Ocean County, NJ

Vacancy

32.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,520

Cap Rate 7%

$638,229

Cap Rate 9%

$496,400

Alternative Uses

Best Use

Office B

$638.2K

$558.5K – $744.6K (±1% cap)

NOI $44,676 @ 7.0% cap · market cap 2.88%

Second Best

Healthcare Medical

$621.1K

$543.5K – $724.6K (±1% cap)

NOI $43,478 @ 7.0% cap · market cap 2.81%

Theoretical Best

Office A

$762.5K

$667.2K – $889.6K (±1% cap)

NOI $53,373 @ 7.0% cap · market cap 3.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Dr. Theresa Dantonio, ... Dental Office Jackson Dental Professionals Dental Office Dr. Robert Zona, ... Dental Office Age To Perfection Physician

Suggested Use

Top Pick Spa & Massage Center Hair Salon Building Supply Electrical Service Nail Salon Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

417

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 08527, NJ

57,925

Population

21,755

Households

2.7

Avg Household Size

41

Median Age

39%

College-Educated

94%

High-School Grad

85.4 sq mi

ZIP Area

678

Density / Sq Mi

$109,059

Median Household Income

$55,349

Median Earnings

$1,693

Median Rent

$460,600

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

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Commercial building suitable for medical, dental, or office use.

Where is this medical office space located?

The property is located at 975 Bennetts Mills Road Jackson Twp, NJ.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: Prime location in the heart of Jackson.; Ready for immediate occupancy with existing plumbing, electric, and efficient office floorplan.; Ample on‑site parking for patients, staff, or tenants.