Luxury Office Space in
For Sale
$249,900
Pending
2 Main Street #Suite 4, Bradley Beach, NJ 07720
Move-in ready office space near shops and restaurants.
Property Size561 SF
Days on Market118
Property Features for 2 Main Street #Suite 4
General Information
Standard status
Pending
Size
561 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,949
Amenities
Corner Lot
Assigned
Forced Air Heating
On Street
Sidewalks
Vinyl Flooring
Listing Agency:
EXP REALTY
(866) 201-6210
Listed By:
ADRIANNA MIERAS
Source:
Corcoran
Added: Apr 15
Changed: Aug 8
Last Checked: Aug 8 at 3:01PM
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 EXP REALTY
Investment Insights
Based on property information with market context.
Suite 4 at 2 Main Street offers a luxury office space in Bradley Beach, situated along Sylvan Lake and bordering Avon. The property is located steps from Main Street, with boutiques, coffee shops, and restaurants nearby. The suite is move-in ready and includes one dedicated off-street parking spot, with on-street parking also available. The property contains 561 square feet and is suitable for solo professionals, small teams, and remote workers.
Key Highlights
- Prime location in Bradley Beach, steps from Main Street shops and restaurants.
- Move‑in ready luxury office space.
- One dedicated off‑street parking spot.
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
$8,583
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
3.43%
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%
$171,660
$171.7K
Cap Rate 7%
$122,614
$122.6K
Cap Rate 9%
$95,367
$95.4K
Market Conditions
NOI Build-Up for 561 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
$16.8K $30.00/SF
− Vacancy
−$5.4K −$9.60/SF
EGI
$11.4K $20.40/SF
− OpEx
−$2.9K −$5.10/SF
NOI
$8.6K $15.30/SF
Area
Monmouth 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%
$171,660
Cap Rate 7%
$122,614
Cap Rate 9%
$95,367
Alternative Uses
Best Use
Office B
$122.6K
$107.3K – $143.1K
NOI $8,583 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$146.5K
$128.2K – $170.9K
NOI $10,254 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 07720, NJ
4,175
Population
2,836
Households
1.5
Avg Household Size
47
Median Age
67%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,958
Density / Sq Mi
$94,722
Median Household Income
$52,661
Median Earnings
$1,710
Median Rent
$857,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office space near shops and restaurants.
Where is this office units located?
The property is located at 2 Main Street #Suite 4 Bradley Beach, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Prime location in Bradley Beach, steps from Main Street shops and restaurants.; Move‑in ready luxury office space.; One dedicated off‑street parking spot.
