Office Building with Full
For Sale
$899,000
Pending
485 Broadway, Long Branch, NJ 07740
COMMERCIAL - Long Branch, NJ
Property Size2,042 SF
Lot Size0.40 Acres
Days on Market92
Property Features for 485 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Directions
Take Exit 105 toward Long Branch / Eatontown off Garden State Parkway North. Merge onto NJ-36 East toward Long Branch Continue and turn onto Broadway destination will be on your right
Standard status
Pending
APN
27-00257-0000-00013
Size
2,042 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8447
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Listing Agency:
ProLegacy Realty, LLC
(732) 790-1781
Listed By:
Jamie Martin Kline
(732) 790-1781
Added: May 12
Changed: Aug 4
Last Checked: Aug 11 at 8:06AM
MLS# 22613855
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.
This classic colonial office building is currently configured for professional use and includes multiple private office spaces, welcoming reception areas, conference rooms, two bathrooms, and a full kitchen. The property has original architectural character with large windows, and it does require updating and improvements. Flexible future use may be possible for residential or business purposes, subject to buyer due diligence and municipal approvals.
The building sits on a 0.4-acre lot at 485 Broadway in Long Branch, NJ, with off-street parking. Heating is forced air, and the property is served by public water and public sewer.
Built in 1910 and totaling 2,042 square feet, this is a suitable fit for an owner-user or investor looking to renovate and customize a distinctive workspace with multiple interior rooms for client-facing and team use.
The building sits on a 0.4-acre lot at 485 Broadway in Long Branch, NJ, with off-street parking. Heating is forced air, and the property is served by public water and public sewer.
Built in 1910 and totaling 2,042 square feet, this is a suitable fit for an owner-user or investor looking to renovate and customize a distinctive workspace with multiple interior rooms for client-facing and team use.
Key Highlights
- 0.4‑acre lot at 485 Broadway with off‑street parking
- 2,042 SF office building built in 1910
- Multiple private office spaces, reception areas, and conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,860
$624.9K
Cap Rate 7%
$446,329
$446.3K
Cap Rate 9%
$347,144
$347.1K
Market Conditions
NOI Build-Up for 2,042 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.3K $30.00/SF
− Vacancy
−$19.6K −$9.60/SF
EGI
$41.7K $20.40/SF
− OpEx
−$10.4K −$5.10/SF
NOI
$31.2K $15.30/SF
Area
Monmouth 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,860
Cap Rate 7%
$446,329
Cap Rate 9%
$347,144
Alternative Uses
Best Use
Office B
$446.3K
$390.5K – $520.7K
NOI $31,243 @ 7.0% cap · market cap 3.48%
Second Best
Mixed Use
$393.8K
$344.6K – $459.5K
NOI $27,567 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,324 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Classic office building with multiple private offices, reception and conference space, plus a full kitchen and off-street parking.
Where is this office building located?
The property is located at 485 Broadway Long Branch, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 0.4‑acre lot at 485 Broadway with off‑street parking; 2,042 SF office building built in 1910; Multiple private office spaces, reception areas, and conference rooms
