Medical Office Space with
For Sale
$1,200,000
1019 Broadway, West Long Branch, NJ 07764
RP-zoned professional property with central air, landscaped grounds, and convenient access from Rt. 36.
Property Size3,675 SF
Price / SF$326.53
Days on Market237
Property Features for 1019 Broadway
General Information
Standard status
Active
Size
3,675 SF
Total Parking Spaces
20
Property subtype
Office
Zoning
RP
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air
3
Parking.
20 Parking Spaces. Open Parking.
Landscaped.
Building Details
Year Built
1992
Listing Agency:
RE/MAX Synergy
(732) 795-9500
Listed By:
Glenda D'Ambrisi · License #1111785
(732) 795-9500
Source:
Xome
Added: Jan 7
Changed: Aug 31
Last Checked: Aug 31 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Synergy
Investment Insights
Based on property information with market context.
This 3,675-square-foot medical office property at 1019 Broadway Unit 1019 was built in 1992 and includes central air, landscaped grounds, and 20 onsite parking spaces. The RP (Residential/Professional) zoning supports medical, dental, and general office use as identified for the property. Open parking accommodates staff and visitors.
The property is positioned just off Rt. 36 in West Long Branch, with access to the Garden State Parkway and Rt. 18. Restaurants, shopping, beaches, and hospitals are located nearby, adding to the convenience of the setting for professional office operations.
The property is positioned just off Rt. 36 in West Long Branch, with access to the Garden State Parkway and Rt. 18. Restaurants, shopping, beaches, and hospitals are located nearby, adding to the convenience of the setting for professional office operations.
Key Highlights
- 3,675‑square‑foot medical office property
- RP (Residential/Professional) zoning
- 20 onsite parking spaces with open parking
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
$56,228
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
4.69%
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%
$1,124,560
$1.1M
Cap Rate 7%
$803,257
$803.3K
Cap Rate 9%
$624,756
$624.8K
Market Conditions
NOI Build-Up for 3,675 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
$110.3K $30.00/SF
− Vacancy
−$35.3K −$9.60/SF
EGI
$75.0K $20.40/SF
− OpEx
−$18.7K −$5.10/SF
NOI
$56.2K $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%
$1,124,560
Cap Rate 7%
$803,257
Cap Rate 9%
$624,756
Alternative Uses
Best Use
Office B
$803.3K
$702.9K – $937.1K
NOI $56,228 @ 7.0% cap · market cap 4.69%
Second Best
Healthcare Medical
$781.7K
$684.0K – $912.0K
NOI $54,719 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$959.6K
$839.7K – $1.12M
NOI $67,173 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07764, NJ
8,587
Population
3,030
Households
2.8
Avg Household Size
31
Median Age
46%
College-Educated
92%
High-School Grad
2.9 sq mi
ZIP Area
2,961
Density / Sq Mi
$123,661
Median Household Income
$48,446
Median Earnings
$1,936
Median Rent
$631,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- North Atlantic Equine Associates — Monmouth Park Racetrack, Oceanport, NJ 07757
Frequently Asked Questions
What type of property is this?
Medical Office Space - RP-zoned professional property with central air, landscaped grounds, and convenient access from Rt. 36.
Where is this medical office space located?
The property is located at 1019 Broadway West Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,675‑square‑foot medical office property; RP (Residential/Professional) zoning; 20 onsite parking spaces with open parking
