One-Story Office
New
For Sale
$975,000
2200 Bridge Avenue, Point Pleasant, NJ 08742
Commercial Sale, Point Pleasant, NJ
Property Size1,889 SF
Lot Size0.24 Acres
Price / SF$516.15
Days on Market2
Property Features for 2200 Bridge Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Retail, Professional, Neighborhood, Commercial, Central Business
Lot features
Level, Curbing, Highway Frontage, Corner Lot
Directions
Take RT 88 and turn east onto Bridge Ave.
Subdivision
Pt Plsnt Boro
Standard status
Active
APN
25-00299-01-00040
Size
1,889 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11335
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Wood
Listing Agency:
Diane Turton, Realtors-Wall
(732) 292-1400
Listed By:
Rosemarie J Caruso
(732) 244-7776
Added: Sep 23
Last Checked: Sep 24 at 3:06PM
MLS# 22630151
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 one-story commercial building contains 1,889 square feet and is presently configured for office use. Wood flooring, public water, and public sewer serve the property. Built in 1954, the building sits on a 0.24-acre parcel and includes parking areas at both the front and rear.
The property fronts Bridge Avenue in Point Pleasant, with building signage positioned along the road. Its zoning allows retail or office use, providing flexibility for an owner-user or commercial occupant seeking a property with an existing office layout.
The property fronts Bridge Avenue in Point Pleasant, with building signage positioned along the road. Its zoning allows retail or office use, providing flexibility for an owner-user or commercial occupant seeking a property with an existing office layout.
Key Highlights
- 1,889‑square‑foot one‑story commercial building
- 0.24‑acre parcel with parking in front and rear
- Zoning allows retail or office use
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
$28,902
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
2.96%
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%
$578,040
$578.0K
Cap Rate 7%
$412,886
$412.9K
Cap Rate 9%
$321,133
$321.1K
Market Conditions
NOI Build-Up for 1,889 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
$56.7K $30.00/SF
− Vacancy
−$18.1K −$9.60/SF
EGI
$38.5K $20.40/SF
− OpEx
−$9.6K −$5.10/SF
NOI
$28.9K $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%
$578,040
Cap Rate 7%
$412,886
Cap Rate 9%
$321,133
Alternative Uses
Best Use
Office B
$412.9K
$361.3K – $481.7K
NOI $28,902 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$385.2K
$337.0K – $449.4K
NOI $26,962 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$493.3K
$431.6K – $575.5K
NOI $34,528 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office-configured commercial building with retail or office zoning, road signage, and parking.
Where is this office building located?
The property is located at 2200 Bridge Avenue Point Pleasant, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 1,889‑square‑foot one‑story commercial building; 0.24‑acre parcel with parking in front and rear; Zoning allows retail or office use
