Mixed-Use Property with Commissary
For Sale
$2,400,000
346 Drum Point Road, Brick, NJ 08723
Commercial Sale, Brick, NJ
Property Size10,000 SF
Lot Size0.51 Acres
Price / SF$240
Days on Market201
Property Features for 346 Drum Point Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
16
Parking features
Parking Lot
Interior features
Internal Loading, Refrigeration
Directions
Google Maps
Subdivision
Osbornville
Standard status
Active
APN
07-00645-01-00107
Size
10,000 SF
Lot size
0.51 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Listing Agency:
J Elkon Realty LLC
(732) 813-3400
Listed By:
Julie Elkon · License #1539500
(732) 691-6499
Added: Mar 20
Changed: Oct 2
Last Checked: Oct 6 at 6:06PM
MLS# 22607308
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 346 Drum Point Road in Brick, this under-construction mixed-use property is planned with approximately 10,000 square feet across a 22,000-square-foot lot. The layout includes two residential apartments and two commissary kitchens, creating a combination of living space and commercial functionality.
Operational features include two drive-in garage doors, internal loading, refrigeration, and additional storage. A parking lot supports on-site access, while forced-air heating serves the building. The property is connected to public water and public sewer and is scheduled for completion in 2026.
Operational features include two drive-in garage doors, internal loading, refrigeration, and additional storage. A parking lot supports on-site access, while forced-air heating serves the building. The property is connected to public water and public sewer and is scheduled for completion in 2026.
Key Highlights
- Approximately 10,000 square feet on a 22,000‑square‑foot lot
- Two residential apartments and two commissary kitchens
- Two drive‑in garage doors with internal loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,000
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,060,000
$3.1M
Cap Rate 7%
$2,185,714
$2.2M
Cap Rate 9%
$1,700,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$96.0K −$9.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$51.0K −$5.10/SF
NOI
$153.0K $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%
$3,060,000
Cap Rate 7%
$2,185,714
Cap Rate 9%
$1,700,000
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 6.38%
Second Best
Specialty Retail
$2.18M
$1.91M – $2.55M
NOI $152,928 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 08723, NJ
31,272
Population
14,075
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$103,953
Median Household Income
$54,165
Median Earnings
$1,652
Median Rent
$374,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Under-construction building combines residential apartments with operational space, loading access, refrigeration, and on-site parking.
Where is this mixed-use property located?
The property is located at 346 Drum Point Road Brick, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 10,000 square feet on a 22,000‑square‑foot lot; Two residential apartments and two commissary kitchens; Two drive‑in garage doors with internal loading
