Office Building with Licensed
641 Beach Avenue Unit 641 Manahawkin, NJ 08050
641 Beach Avenue Unit 641, Manahawkin, NJ, 08050
$599,000
For Sale
$599,000
Block office building with licensed heliport and expansive parking lot on a low-traffic route to Long Beach Island.
Property Size2,332 SF
Price / SF$256.86
Days on Market591
Property Features for 641 Beach Avenue Unit 641
General Information
- Standard status
- Active
- Size
- 2,332 SF
- Property subtype
- Office
Listing Agency
Van Dyk Group
(609) 698-6900
Listed by
Richard Saparito · License #0343579
(609) 698-6900
Source
Xome
Added: Dec 4, 2024 Checked: Jul 18 at 3:14 am
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 Van Dyk Group
Investment Insights
Based on property information with market context.
This offering includes a block construction office building with approximately 2,300 square feet of versatile interior space, accompanied by a licensed heliport. The site also features an expansive parking lot designed for convenient client and guest access.
Located on Beach Avenue in Manahawkin, the property is described as being in a low-traffic area leading to Long Beach Island, providing a direct connection to the region’s popular shore destinations.
The building and heliport combination supports a range of aviation-adjacent and specialty business uses, with parking available to serve day-to-day operations and visitors.
Located on Beach Avenue in Manahawkin, the property is described as being in a low-traffic area leading to Long Beach Island, providing a direct connection to the region’s popular shore destinations.
The building and heliport combination supports a range of aviation-adjacent and specialty business uses, with parking available to serve day-to-day operations and visitors.
Key Highlights
- 2,300 SF block commercial building with central air cooling and on‑site parking
- Licensed heliport on the property
- Expansive open parking area (lighted, on‑site, open parking)
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 | $70.0k | $30.00 |
| − Vacancy | −$22.4k | −$9.60 |
| EGI | $47.6k | $20.40 |
| − OpEx | −$11.9k | −$5.10 |
| NOI | $35.7k | $15.30 |
2,332 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$509.7K
$446.0K – $594.7K
NOI $35,680 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aviation real estate
Similar For Sale Nearby
FAQs
What type of property is this?
Aviation real estate - Block office building with licensed heliport and expansive parking lot on a low-traffic route to Long Beach Island.
Where is this aviation real estate located?
The property is located at 641 Beach Avenue Unit 641 Manahawkin, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,300 SF block commercial building with central air cooling and on‑site parking; Licensed heliport on the property; Expansive open parking area (lighted, on‑site, open parking)
