Flex Condo with Office and
1646 Beaver Dam Road #1, Point Pleasant, NJ 08742
For Sale
$319,000
Two levels combine climate-controlled garage space with private office amenities and a kitchenette.
Property Size940 SF
Price / SF$339.36
Days on Market112
Property Features for 1646 Beaver Dam Road #1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Conditioned Warehouse
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
kitchenette/break area
Building Details
Building Size
Year Built
Stories
Listing Agency:
Weichert Realtors-Sea Girt
Listed By:
Janet Marcellino · License NJ #0901597
(732) 974-1000
Source:
Cammarotarealestate
Added: Jul 22
Changed: Nov 7
Last Checked: Nov 9 at 3:35PM
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 Weichert Realtors-Sea Girt
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Investment Insights
Based on property information with market context.
This end-unit flex condominium occupies part of a four-unit building and contains approximately 940 sq ft across two levels. The lower floor has 570 sq ft of heated, climate-controlled garage and warehouse space, finished with epoxy flooring and equipped with a car lift. Above, 370 sq ft of office area includes a private bathroom with a walk-in shower and a kitchenette with granite counters, a stainless steel refrigerator and freezer, and white cabinetry. Central air and heat serve the space, with windows on multiple sides bringing in natural light. The property was built in 2010 and has Multi-Use zoning.
Key Highlights
- End unit in a 4‑unit building
- Approximately 940 sq ft across two levels
- 570 sq ft of heated, climate‑controlled garage and warehouse area with epoxy flooring and a car lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,812
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,240
$256.2K
Cap Rate 7%
$183,029
$183.0K
Cap Rate 9%
$142,356
$142.4K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$16.0K $17.04/SF
− Vacancy
−$945 −$1.01/SF
EGI
$15.1K $16.03/SF
− OpEx
−$2.3K −$2.41/SF
NOI
$12.8K $13.63/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,240
Cap Rate 7%
$183,029
Cap Rate 9%
$142,356
Alternative Uses
Best Use
Warehouse
$183.0K
$160.2K – $213.5K
NOI $12,812 @ 7.0% cap · market cap 4.02%
Second Best
Flex RnD
$178.3K
$156.0K – $208.0K
NOI $12,478 @ 7.0% cap · market cap 3.91%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Balanced
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
$576,300
Median Home Value
Market
Average Price Trend$/SF for Flex space in Ocean County, NJ
Properties on Market for Flex space in Ocean County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Soiree Catering-Event Planning — 509 Bay Ave, Point Pleasant Beach, NJ 08742
- Wandering Sweets — 512 Bay Ave, Point Pleasant Beach, NJ 08742
- Joe Leone's Catering Pick Up — 650 Cincinnati Ave, Point Pleasant Beach, NJ 08742
- Clarks Landing Caterers — 847 Arnold Avenue, Clark Landing Dr, Point Pleasant, NJ 08742
Frequently Asked Questions
What type of property is this?
Flex space - Two levels combine climate-controlled garage space with private office amenities and a kitchenette.
Where is this flex space located?
The property is located at 1646 Beaver Dam Road #1 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: End unit in a 4‑unit building; Approximately 940 sq ft across two levels; 570 sq ft of heated, climate‑controlled garage and warehouse area with epoxy flooring and a car lift
