281 Route 79 Marlboro, NJ 07751
This exceptional 9,362 square foot, two-story office building is situated on 1.4 acres in Morganville, New Jersey, at 281 Route 79, zip code 07751. The property, known as "The Officenter," boasts a prime location on a heavily trafficked thoroughfare within Monmouth County's C-2 Neighborhood Commercial District. Built in 1982, the building offers significant value-add potential. Currently configured with extensive common areas, a reception area, and large shared conference rooms on both floors, the property presents an opportunity to reposition spaces and maximize rentable square footage. The asking price is $1,850,000, translating to $197.60 per square foot. The building features a multi-tenant occupancy with month-to-month leases, providing flexibility for a new owner. Ample parking is available with 61 spaces. The first floor encompasses 4,080 square feet, plus an additional 1,202 square feet, while the second floor mirrors the main first floor at 4,080 square feet. This presents a unique opportunity for both owner-occupiers and investors seeking a strong return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.