Renovated Office Building in
516 Duquesne Boulevard Brick, NJ 08723
516 Duquesne Boulevard, Brick, NJ, 08723
$1,650,000
For Sale
$1,650,000
COMMERCIAL - Brick, NJ
Property Size4,090 SF
Lot Size0.52 Acres
Price / SF$403.42
Days on Market143
Property Features for 516 Duquesne Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 23
- Parking features
- Off Street
- Security features
- Security System
- Exterior features
- Lighting
- Fencing
- Fenced
- Basement
- Crawl Space, Full, Finished
- Standard status
- Active
- APN
- 07-00446-04-00007
- Size
- 4,090 SF
- Lot size
- 0.52 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public, Well
Building Details
- Floors in Building
- 4
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
One Real Estate Group, LLC
(732) 663-9898
200 Blvd. of Americas # 101, Lakewood, NJ
Listed by
Chaya Klein · License #1649028
(732) 663-9898
Added: Feb 24 Checked: Jul 17 at 4:06 pm
MLS# 22604728
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 4,090 square foot corner property is a renovated office building located in Brick, New Jersey. Situated in the heart of Brick's premier commercial corridor, it is directly across from Target and surrounded by national retailers, medical offices, and professional businesses. The building features private offices, conference rooms, a kitchen, and a finished lower level. It also includes five separate entrances and 23 dedicated parking spaces. The property offers flexibility for medical, professional, counseling, educational, or multi-department office users. The lot size is 0.52 acres, located in Ocean County.
Key Highlights
- 4,090 SF corner office building directly across from Target
- Interior includes private offices, conference rooms, a kitchen, and a finished lower level
- Five separate entrances plus 23 dedicated off‑street parking spaces
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.7k | $30.00 |
| − Vacancy | −$39.3k | −$9.60 |
| EGI | $83.4k | $20.40 |
| − OpEx | −$20.9k | −$5.10 |
| NOI | $62.6k | $15.30 |
4,090 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$894.0K
$782.2K – $1.04M
NOI $62,577 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$870.0K
$761.2K – $1.01M
NOI $60,898 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.07M
$934.5K – $1.25M
NOI $74,759 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Move-in ready office building in Brick's commercial corridor.
Where is this office building located?
The property is located at 516 Duquesne Boulevard Brick, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 4,090 SF corner office building directly across from Target; Interior includes private offices, conference rooms, a kitchen, and a finished lower level; Five separate entrances plus 23 dedicated off‑street parking spaces
