197 Drum Point Road Brick, NJ 08723
Versatile commercially zoned property with historic charm, suitable for various uses.
Property Features for 197 Drum Point Road
General Information
- Standard status
- Active
- Size
- 1,498 SF
Building Details
- Year Built
- 1910
Listing office DIANE TURTON, REALTORS-BRICK (732) 920-9559
Listing date May 12, 2025
Source Corcoran
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 DIANE TURTON, REALTORS-BRICK
Investment Insights
Based on property information with market context.
Key Highlights
- Commercially Zoned (B‑2) in a High Visibility Corner Location
- Historic Charm and Rich Original Details like Hardwood Floors and Beam Ceilings
- Oversized Parking Lot with Room for Expansion/Development
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 | $44.9k | $30.00 |
| − Vacancy | −$14.4k | −$9.60 |
| EGI | $30.6k | $20.40 |
| − OpEx | −$7.6k | −$5.10 |
| NOI | $22.9k | $15.30 |
