Office
For Sale
Contact for pricing
254 Brick Boulevard #12, Brick, NJ 08723
The layout includes a foyer office area and two additional office rooms.
Property Size550 SF
Price / SF$1.77
Days on Market40
Property Features for 254 Brick Boulevard #12
General Information
Standard status
Active
Size
550 SF
Property subtype
Office
Listing Agency:
Diane Turton, Realtors-Brick
Listed By:
Edward A Vespi · License #7871867
(732) 920-9559
Source:
Defelicerealtygroup
Added: Sep 24
Changed: Oct 31
Last Checked: Oct 31 at 2:38PM
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 Diane Turton, Realtors-Brick
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at 254 Brick Boulevard #12 in Brick has a foyer office area, a 10x12 office, and a second office measuring 9x10. The recorded dimensions for the foyer office area are 17x19.
Key Highlights
- Foyer office area measuring 17x19
- One office measuring 10x12 and a second measuring 9x10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,415
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,300
$168.3K
Cap Rate 7%
$120,214
$120.2K
Cap Rate 9%
$93,500
$93.5K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$16.5K $30.00/SF
− Vacancy
−$5.3K −$9.60/SF
EGI
$11.2K $20.40/SF
− OpEx
−$2.8K −$5.10/SF
NOI
$8.4K $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 Rate 5%
$168,300
Cap Rate 7%
$120,214
Cap Rate 9%
$93,500
Alternative Uses
Best Use
Office B
$120.2K
$105.2K – $140.3K
NOI $8,415 @ 7.0% cap · market cap 863.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.6K
$125.7K – $167.6K
NOI $10,053 @ 7.0% cap · market cap 1,031.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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Business Placement
Demographics for 08723, NJ
31,272
Population
14,075
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$103,953
Median Household Income
$54,165
Median Earnings
$1,652
Median Rent
$374,400
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
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes a foyer office area and two additional office rooms.
Where is this office unit located?
The property is located at 254 Brick Boulevard #12 Brick, NJ.
What are key features of this property?
This property features: Foyer office area measuring 17x19; One office measuring 10x12 and a second measuring 9x10
