197 Hance Ave Tinton Falls, NJ 07724
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.
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TD Bank ATM Atm
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Trotter Thomas S DVM Veterinary Clinic
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sportsvet Veterinary Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
IO25 · Tinton Falls, NJCosts & 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.