Two-Story Office
New
For Sale
Contact for pricing
1045 Sally Ike Rd, Brick, NJ 08724
Freestanding office property with garage space, monument signage, and modern HVAC systems.
Property Size5,109 SF
Price / SF$225.09
Days on Market4
Property Features for 1045 Sally Ike Rd
General Information
Standard status
Active
Size
5,109 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
garage space
monument sign
modern HVAC systems
Building Details
Buildings
1
Stories
2
Listing Agency:
The Kislak Company
(908) 360-8050
Listed By:
Matthew LoBocchiaro
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:02PM
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 The Kislak Company
Investment Insights
Based on property information with market context.
Freestanding two-story office building comprising 5,109 square feet in Brick Township. The property includes garage space, ample parking, a prominent monument sign, and modern HVAC systems.
Located at 1045 Sally Ike Rd, the property offers access to major highways and surrounding regional amenities.
Located at 1045 Sally Ike Rd, the property offers access to major highways and surrounding regional amenities.
Key Highlights
- 5,109‑square‑foot freestanding two‑story office building
- Garage space included
- Ample parking available
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 | $153.3k | $30.00 |
| − Vacancy | −$49.0k | −$9.60 |
| EGI | $104.2k | $20.40 |
| − OpEx | −$26.1k | −$5.10 |
| NOI | $78.2k | $15.30 |
5,109 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$977.1K – $1.30M
NOI $78,168 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,384 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 08724, NJ
41,458
Population
17,799
Households
2.3
Avg Household Size
47
Median Age
36%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
3,004
Density / Sq Mi
$98,771
Median Household Income
$51,099
Median Earnings
$1,767
Median Rent
$364,700
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 - Freestanding office property with garage space, monument signage, and modern HVAC systems.
Where is this office building located?
The property is located at 1045 Sally Ike Rd Brick, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,109‑square‑foot freestanding two‑story office building; Garage space included; Ample parking available
