Two-Suite Office
New
For Sale
$979,900
2612 NJ-88, Point Pleasant, NJ 08742
Commercial Sale, Point Pleasant, NJ
Property Size2,486 SF
Lot Size0.34 Acres
Price / SF$394.17
Days on Market3
Property Features for 2612 NJ-88
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Commercial
Parking features
Off Street, Parking Lot
Exterior features
Display Window
Fireplace
1
Lot features
Corner Lot
Directions
Burnt Tavern Road, turn left onto Route 88
Subdivision
Pt Plsnt Boro
Standard status
Active
APN
25-00193-0000-00001
Size
2,486 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11449
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2009
Floors in Building
2
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
Interstate Home Properties
Listed By:
Ryan Brown
(347) 393-9790
Added: Oct 22
Last Checked: Oct 24 at 8:06AM
MLS# 22633527
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.
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Investment Insights
Based on property information with market context.
Built in 2009, this two-story office building contains one suite on each floor and totals 2,486 square feet. The 0.34-acre property has 11 parking spaces, including one designated for accessible parking. The lot was recently restriped, and both water heaters have been replaced recently.
The property is on NJ-88, a route connecting Route 70 in Brick with Route 35 in Point Pleasant Beach. Building features include a display window, stucco exterior, forced-air heat, central air conditioning, public water and public sewer.
The property is on NJ-88, a route connecting Route 70 in Brick with Route 35 in Point Pleasant Beach. Building features include a display window, stucco exterior, forced-air heat, central air conditioning, public water and public sewer.
Key Highlights
- Two office suites, with one on each floor
- 2,486 square feet on 0.34 acres
- 11 parking spaces, including one designated for accessible parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,036
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,720
$760.7K
Cap Rate 7%
$543,371
$543.4K
Cap Rate 9%
$422,622
$422.6K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$74.6K $30.00/SF
− Vacancy
−$23.9K −$9.60/SF
EGI
$50.7K $20.40/SF
− OpEx
−$12.7K −$5.10/SF
NOI
$38.0K $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%
$760,720
Cap Rate 7%
$543,371
Cap Rate 9%
$422,622
Alternative Uses
Best Use
Office B
$543.4K
$475.5K – $633.9K
NOI $38,036 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.1K
$568.0K – $757.3K
NOI $45,440 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
797
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Separate office suites occupy each level, with off-street parking on site.
Where is this office building located?
The property is located at 2612 NJ-88 Point Pleasant, NJ.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Two office suites, with one on each floor; 2,486 square feet on 0.34 acres; 11 parking spaces, including one designated for accessible parking
