Fully Leased Office Building with Central
For Sale
$1,200,000
1019 Broadway, West Long Branch, NJ 07764
COMMERCIAL - West Long Branch, NJ
Property Size3,675 SF
Lot Size0.44 Acres
Price / SF$326.53
Days on Market138
Property Features for 1019 Broadway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional
Rooms
Basement
Parking
20
Parking features
Parking Lot, Guest, Open
Security features
Security System
Window features
Insulated Windows
Interior features
Handicapped
Exterior features
Lighting
Basement
Full
Accessibility
Accessible Approach with Ramp
Lot features
Level, Landscaped, Corner Lot
Directions
Route 36 to Broadway
Standard status
Active
APN
53-00113-0000-00031
Size
3,675 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11905
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Floors in Building
2
Flooring type
Vinyl
Building materials
Stone, Cedar Shake
Roof type
Shingle
Listing Agency:
RE/MAX Synergy
(732) 795-9500
Listed By:
Glenda J D'Ambrisi · License #1111785
(732) 795-9500
Added: Apr 16
Changed: Aug 16
Last Checked: Aug 31 at 9:06PM
MLS# 22610396
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.
A fully leased office building at 1019 Broadway in West Long Branch, NJ, supported by an already executed five-year lease for the current tenant. The property was built in 1992 and features forced air heating and central air conditioning. Interior amenities include handicapped access, and the building includes a basement.
Exterior features include lighting and a roof finished with shingles. Construction materials include stone and cedar shake, with vinyl flooring. Parking is available via an open parking lot with guest parking.
Operationally, the site is served by public water and public sewer. Accessibility is provided with an accessible approach with ramp, supporting day-to-day customer and employee access.
Exterior features include lighting and a roof finished with shingles. Construction materials include stone and cedar shake, with vinyl flooring. Parking is available via an open parking lot with guest parking.
Operationally, the site is served by public water and public sewer. Accessibility is provided with an accessible approach with ramp, supporting day-to-day customer and employee access.
Key Highlights
- 0.44‑acre office building at 1019 Broadway, West Long Branch NJ
- 3,675 SF office building built in 1992
- Fully leased with a newly executed five‑year lease
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
—
—
no second resolved use
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building with a newly executed five-year lease, central air, and accessibility via ramped approach
Where is this office building 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: 0.44‑acre office building at 1019 Broadway, West Long Branch NJ; 3,675 SF office building built in 1992; Fully leased with a newly executed five‑year lease
