Turn-Key Office Building with
1400 Union Ave Union Beach, NJ 07735
1400 Union Ave, Union Beach, NJ, 07735
$699,000
For Sale
$699,000
Turn-key office suite on a corner lot with central air/forced heat, kitchen area, and an oversized garage/warehouse.
Property Size2,916 SF
Price / SF$239.71
Days on Market118
Property Features for 1400 Union Ave
General Information
- Standard status
- Active
- Size
- 2,916 SF
Listing agency
RE/MAX 1st ADVANTAGE
(732) 827-5344
Listed by
ROBERT DEKANSKI · License #232901
Source
Exprealty
Added: Mar 26 Updated: Jul 21 at 2:43AM Checked: Jul 21 at 2:43AM
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 RE/MAX 1st ADVANTAGE
Investment Insights
Based on property information with market context.
This turn-key office building is situated on a corner lot and configured for professional use, featuring six office spaces, a kitchenette, and two half bathrooms. Central air/forced heat is in place throughout, and the property also includes an oversized garage/warehouse for added functional flexibility. The space is presented with modern upgrades, supported by on-site parking in a private parking lot.
Located at 1400 Union Ave in Union Beach, NJ, the building is described as highly visible and benefiting from drive-by traffic. Public transit and major roads, including Route 36, are noted as providing access, along with nearby shopping and dining.
Zoned B-2, this property offers an office-forward layout with warehouse/garage space and practical parking for day-to-day operations.
Located at 1400 Union Ave in Union Beach, NJ, the building is described as highly visible and benefiting from drive-by traffic. Public transit and major roads, including Route 36, are noted as providing access, along with nearby shopping and dining.
Zoned B-2, this property offers an office-forward layout with warehouse/garage space and practical parking for day-to-day operations.
Key Highlights
- 2900 sq ft highly visible office space on a corner lot
- Zoned B‑2 with 6 office spaces, kitchenette, and 2 half baths
- Central air and forced heat
Local Financial Insights For Flex RnD
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 | $94.8k | $32.52 |
| − Vacancy | −$21.2k | −$7.28 |
| EGI | $73.6k | $25.24 |
| − OpEx | −$25.8k | −$8.83 |
| NOI | $47.8k | $16.40 |
2,916 SF · lease $32.52/SF/yr · vacancy 22.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$683.3K
$597.9K – $797.2K
NOI $47,831 @ 7.0% cap · market cap 6.84%
Second Best
Office B
$637.4K
$557.7K – $743.6K
NOI $44,615 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$761.4K
$666.3K – $888.3K
NOI $53,300 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Turn-key office suite on a corner lot with central air/forced heat, kitchen area, and an oversized garage/warehouse.
Where is this flex space located?
The property is located at 1400 Union Ave Union Beach, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2900 sq ft highly visible office space on a corner lot; Zoned B‑2 with 6 office spaces, kitchenette, and 2 half baths; Central air and forced heat
