Property profile

232 NORWOOD AVE West Long Branch, NJ 7764

OFF-MARKET
Commercial (General)
Property ID
US59-1516135
3,000 SF 1.57 ac lot Built 1963
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Property summary

AI-generated overview

A professional office suite of approximately 889 square feet is located in West Long Branch, New Jersey, within a one-level, handicap-accessible professional building. The suite includes newer interior finishes with flooring and paint, a large open work area, a private room, a kitchenette, and a storage closet. The interior layout is capable of being reconfigured with landlord approval. The space is suited for professional office uses (including legal, medical, and accounting) and is subject to zoning/occupancy restrictions that prohibit retail use. Utilities are separated such that the tenant is responsible for gas, electric, and internet, while water is covered by the landlord; the tenant is also responsible for the Certificate of Occupancy. The building provides ample parking and is located minutes from Monmouth Medical Center and Monmouth University, with nearby bus and train options providing service toward New York City.

Property profile

Verified
Property type Commercial (General)
Year built 1963
Total area 3,000 SF
Lot 1.57 ac (68,389 SF)
APN 53 00028-0000-00102
UPID US59-1516135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic Skin Care Clinic
  • Physician
  • Physician
  • Dental Office

Location

232 NORWOOD AVE West Long Branch, NJ 7764
West Long Branch metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2017
Price N/A
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