Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Brick Blvd Brick, NJ 08723

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available at a high-traffic intersection.

    Property size:
    10,995 SF
    Lot size:
    2.40 Acres

    Property Features for 15 Brick Blvd

    General Information

    Size
    10,995 SF
    Lot size
    2.40 Acres

    We can help!

    Listing Contact
    Scott Zelekowitz
    Source: Moodyscre

    Listing Agency: Gibraltar Management Company, Inc. Listing Agent: Scott Zelekowitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space on Brick Boulevard

    This retail space is located at the intersection of Brick Boulevard and Hooper Avenue. Traffic counts on the north and southbound lanes of Brick Boulevard total 34,743 vehicles per day. The property offers 10,995 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brick
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.144154
    Latitude
    40.022551

    Nearby Similar for Lease

    • $2,946 /Mo
      1,666 SF

      Retail Space in Brick Township

      Retail space available in a busy Brick Township complex.
      101 Prosper Way, Brick, NJ 08724
      View Details
    • New
      Contact for pricing
      145,055 SF

      Retail Space in Drum Point Plaza

      1,637 SqFt retail space in a busy plaza.
      363 Brick Blvd, Brick, NJ 08723
      View Details
    • New
      Contact for pricing
      7,841 SF

      Medical Office Space Available

      Newly renovated medical office in Brick Township, Route 70.
      525 Route 70, Brick, NJ 08723
      View Details
    • Contact for pricing
      2,824 SF

      Freestanding Retail/Office Opportunity in Brick

      High-traffic location, flexible layout, drive-thru infrastructure, ready for occupancy.
      120 Jack Martin Blvd, Brick, NJ 08724
      View Details
    • Contact for pricing
      187,744 SF

      Brick, NJ Office Space

      First-floor office space with flexible layout and ground-level access.
      317 Brick Blvd, Brick, NJ 08724
      View Details
    • Contact for pricing
      43,996 SF

      Professional Office Space For Lease

      Office space in well-maintained building, convenient location, parking included.
      270 Drum Point Rd, Brick, NJ 08723
      View Details
    • Contact for pricing
      2,178 SF

      Office Space in Brick, NJ

      Office space with open reception, two offices, and bathroom.
      254 Brick Blvd, Brick, NJ 08723
      View Details
    • Contact for pricing
      18,731 SF

      Professional Office Space Available

      Well-maintained 900 SF office space in Brick, NJ.
      1869 Route 88, Brick, NJ 08724
      View Details
    • Contact for pricing
      30,056 SF

      Professional Office Space Available

      Professional office space for rent near Brick Hospital.
      1659 Fl Left Side, Brick, NJ 08724
      View Details
    • Contact for pricing
      43,996 SF

      Professional Office Space For Lease

      Office space in well-maintained building, convenient location, parking included.
      270 Drum Point Rd, Brick, NJ 08723
      View Details
    • Contact for pricing

      Prime Retail Space on Route 88

      1,450 SF retail space on Route 88 in Brick, NJ.
      1779 Route 88, Brick, NJ 08724
      View Details
    • $20 SF/Yr
      53,579 SF

      New Construction Office Building

      New construction office space available for lease in Brick, NJ.
      627 Mantoloking Rd, Brick, NJ 08723
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available at a high-traffic intersection.
    Where is this retail space located?
    The property is located at 15 Brick Blvd Brick, NJ.
    What are key features of this property?
    This property features: - Prime location at the intersection of Brick Boulevard and Hooper Avenue; - High traffic count: 34,743 vehicles per day on Brick Blvd.
    (914) 631-6200 Call to check price and availability
    Request Owner's contact information
    15 Brick Blvd Brick, NJ 08723
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Brick Blvd
    Brick, NJ 08723
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Brick Blvd Brick, NJ 08723
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Zelekowitz
    (914) 631-6200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!