Office Building with 4
1480 NJ-88, Brick, NJ 08724
For Sale
New
$465,000
Commercial Sale, Brick, NJ
Property Size1,225 SF
Lot Size0.22 Acres
Price / SF$379.59
Days on Market2
Property Features for 1480 NJ-88
General Information
Property type
Property subtype
Zoning description
Basement
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Floors in Building
Building materials
Roof type
Listing Agency:
Childers Sotheby's Intl Realty
Listed By:
Kathleen Fazio
(732) 714-7900
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 22635794
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,225-square-foot office property offers a waiting room, reception area, four offices, and a kitchenette. The building sits on a 0.22-acre lot and has cedar construction, forced-air heating, central air conditioning, a shingle roof, public water, and public sewer.
The property is near a hospital and fronts NJ-88, also identified as Route 88 West.
The property is near a hospital and fronts NJ-88, also identified as Route 88 West.
Key Highlights
- 1,225‑square‑foot office property on a 0.22‑acre lot
- Interior layout includes a waiting room, reception area, four offices, and a kitchenette
- Near a hospital on NJ‑88, identified as Route 88 West
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,743
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
$374.9K
Cap Rate 7%
$267,757
$267.8K
Cap Rate 9%
$208,256
$208.3K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$36.8K $30.00/SF
− Vacancy
−$11.8K −$9.60/SF
EGI
$25.0K $20.40/SF
− OpEx
−$6.2K −$5.10/SF
NOI
$18.7K $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%
$374,860
Cap Rate 7%
$267,757
Cap Rate 9%
$208,256
Alternative Uses
Best Use
Office B
$267.8K
$234.3K – $312.4K
NOI $18,743 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.9K
$279.9K – $373.2K
NOI $22,391 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
552
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
$364,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Ocean County, NJ
Properties on Market for Office buildings in Ocean County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The interior includes a waiting room, reception area, kitchenette, and private office space.
Where is this office building located?
The property is located at 1480 NJ-88 Brick, NJ.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,225‑square‑foot office property on a 0.22‑acre lot; Interior layout includes a waiting room, reception area, four offices, and a kitchenette; Near a hospital on NJ‑88, identified as Route 88 West
