West Long Branch Medical
1019 Broadway West Long Branch, NJ 07764
1019 Broadway, West Long Branch, NJ, 07764
$1,200,000
For Sale
$1,200,000
Meticulously maintained medical office, ideal for professional or investment use.
Property Size3,675 SF
Price / SF$326.53
Days on Market97
Property Features for 1019 Broadway
General Information
- Standard status
- Active
- Size
- 3,675 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing agency
RE/MAX SYNERGY
(732) 795-9500
Listed by
GLENDA J D'AMBRISI · License #1111785
Source
Corcoran
Added: Apr 16 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 6:12AM
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 meticulously maintained, custom-built medical office is located in West Long Branch, just off Rt. 36. Zoned RP (Residential/Professional), the property is suitable for medical, dental, or general office use, or as an investment opportunity. The property features 20 on-site parking spaces for staff and clients, plus high visibility and easy access. It is close to restaurants, shopping, beaches, hospitals, and major roadways including the Garden State Parkway and Rt. 18. The property size is 3,675 square feet.
Key Highlights
- Prime location in West Long Branch, off Rt. 36, with high visibility and easy access.
- Zoned RP (Residential/Professional) offering versatile use for medical, dental, or general office purposes, or investment.
- 20 on‑site parking spaces for staff and clients.
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 | $110.3k | $30.00 |
| − Vacancy | −$35.3k | −$9.60 |
| EGI | $75.0k | $20.40 |
| − OpEx | −$18.7k | −$5.10 |
| NOI | $56.2k | $15.30 |
3,675 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gynecology
Physician
Dr. Jennifer D. ...
Physician
Lobraico Dominick A DO
Physician
Kenneth R. Skorenko, ...
Physician
Dr. Joseph Ombalsky, ...
Physician
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Similar Off Market Nearby
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FAQs
What type of property is this?
Medical Office Space - Meticulously maintained medical office, ideal for professional or investment use.
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: Prime location in West Long Branch, off Rt. 36, with **high visibility and easy access**.; Zoned RP (Residential/Professional) offering versatile use for medical, dental, or general office purposes, or investment.; **20 on‑site parking spaces** for staff and clients.
