Two-Story Office
For Sale
$1,150,000
1045 Sally Ike Road, Brick, NJ 08724
Freestanding office property with garage space, monument signage, and modern HVAC systems.
Property Size5,109 SF
Days on Market80
Property Features for 1045 Sally Ike Road
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
Building Size
5,109 SF
Buildings
1
Stories
2
Listed By:
Matthew LoBocchiaro
(908) 415-8659
Source:
Kislakrealty
Added: Jul 30
Changed: Oct 6
Last Checked: Oct 16 at 8:11AM
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 Matthew LoBocchiaro
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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
Estimated NOI and Cap Rate
NOI / Yr
$78,168
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,360
$1.6M
Cap Rate 7%
$1,116,686
$1.1M
Cap Rate 9%
$868,533
$868.5K
Market Conditions
NOI Build-Up for 5,109 SF
Gross rent
$153.3K $30.00/SF
− Vacancy
−$49.0K −$9.60/SF
EGI
$104.2K $20.40/SF
− OpEx
−$26.1K −$5.10/SF
NOI
$78.2K $15.30/SF
Area
Ocean 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 Rate 5%
$1,563,360
Cap Rate 7%
$1,116,686
Cap Rate 9%
$868,533
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.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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 Road 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
