Flex Space with Garage
For Sale
$319,000
1646 Beaver Dam Road, Point Pleasant, NJ 08742
Commercial Sale, Point Pleasant, NJ
Property Size940 SF
Lot Size0.02 Acres
Price / SF$339.36
Days on Market47
Property Features for 1646 Beaver Dam Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Use
Parking
1
Parking features
Assigned, Open, Parking Lot
Exterior features
Lighting
Basement
Crawl Space
Directions
BRIDGE AVE TO SOUTH ON BEAVER DAM COMPLEX ON THE LEFT
Standard status
Active
APN
25-00307-0000-00014-0000-C0001
Size
940 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2666
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2010
Floors in Building
2
Flooring type
Tile, Vinyl
Building materials
Aluminum Siding, Brick
Roof type
Shingle
Listing Agency:
Weichert Realtors-Sea Girt
(732) 974-1000
Listed By:
Janet Marcellino · License #0901597
(732) 449-8886
Added: Jul 22
Changed: Sep 4
Last Checked: Sep 6 at 3:06PM
MLS# 22622395
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.
Investment Insights
Based on property information with market context.
This end-unit flex space is part of a 4-unit building and contains 940 square feet across two levels. The first floor provides a 570-square-foot heated, climate-controlled garage and warehouse with epoxy flooring and a car lift. Above, 370 square feet of office space includes a private bathroom with a walk-in shower and a kitchenette with granite countertops, stainless steel refrigerator and freezer, and white cabinetry. Central air and heat, tile and vinyl flooring, windows on multiple sides, and public water and sewer support the configuration.
Built in 2010, the property offers assigned and open parking within a parking lot. Aluminum siding and brick construction, shingle roofing, and exterior lighting complete the physical improvements at 1646 Beaver Dam Road in Point Pleasant, New Jersey.
Built in 2010, the property offers assigned and open parking within a parking lot. Aluminum siding and brick construction, shingle roofing, and exterior lighting complete the physical improvements at 1646 Beaver Dam Road in Point Pleasant, New Jersey.
Key Highlights
- 940 SF end‑unit flex condominium in a 4‑unit building
- 570 SF heated, climate‑controlled garage/warehouse with epoxy flooring and car lift
- 370 SF second‑level office with private bath and walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,382
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,640
$287.6K
Cap Rate 7%
$205,457
$205.5K
Cap Rate 9%
$159,800
$159.8K
Market Conditions
NOI Build-Up for 940 SF
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.
Gross rent
$28.2K $30.00/SF
− Vacancy
−$9.0K −$9.60/SF
EGI
$19.2K $20.40/SF
− OpEx
−$4.8K −$5.10/SF
NOI
$14.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,640
Cap Rate 7%
$205,457
Cap Rate 9%
$159,800
Alternative Uses
Best Use
Office B
$205.5K
$179.8K – $239.7K
NOI $14,382 @ 7.0% cap · market cap 4.51%
Second Best
Warehouse
$183.0K
$160.2K – $213.5K
NOI $12,812 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$245.5K
$214.8K – $286.4K
NOI $17,182 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08742, NJ
25,056
Population
12,604
Households
2
Avg Household Size
46
Median Age
52%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
4,474
Density / Sq Mi
$111,983
Median Household Income
$57,547
Median Earnings
$1,879
Median Rent
$576,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial condominium combines climate-controlled workspace, private office amenities, and assigned parking.
Where is this flex space located?
The property is located at 1646 Beaver Dam Road Point Pleasant, NJ.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 940 SF end‑unit flex condominium in a 4‑unit building; 570 SF heated, climate‑controlled garage/warehouse with epoxy flooring and car lift; 370 SF second‑level office with private bath and walk‑in shower
