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Property profile & analytics
FOR LEASE
Specialty properties

197 Hance Ave Tinton Falls, NJ 07724

41,588 SF 2.73 ac lot Built 2003
Entity Owned Free & Clear
Property ID
US59-3192553
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 2003
Total area 41,588 SF
Lot 2.73 ac (118,919 SF)
Zoning code IO25
APN 49 00015- 01-00006
UPID US59-3192553
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TD Bank ATM Atm
  • Trotter Thomas S DVM Veterinary Clinic
  • sportsvet Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$990k
Owner & transaction history
197 Hance LLC
197 Hance LLC
since 2026
3 recorded transactions
2026
$4.0M
2019
Price N/A
2010
Price N/A
Zoning & alternative use
IO25 · Tinton Falls, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Tinton Falls, NJ - Zoning
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