Mixed-Use Property with Commissary
For Sale
$2,400,000
346 Drum Point Road, Brick, NJ 08723
Mixed-use property with two apartments and two commissary kitchens, plus two drive-in garage doors and additional storage.
Property Size10,000 SF
Lot Size0.51 Acres
Price / SF$240
Days on Market234
Property Features for 346 Drum Point Road
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.51 Acres
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
J Elkon Realty LLC
Listed By:
Julie Elkon · License #1539500
(732) 813-3400
Source:
Actionplusrealty
Added: Feb 25
Changed: Oct 16
Last Checked: Oct 16 at 9:00AM
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 J Elkon Realty LLC
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 versatile mixed-use property offers approximately 10,000 sq ft of space on a 22,000 sq ft lot. The building includes two residential apartments and two commissary kitchens, suited to a range of operational needs. Additional functionality is provided by two drive-in garage doors and added storage space.
The property is located at 346 Drum Point Road in Brick, NJ (08723). Its layout supports both residential use and business operations within the same facility.
With two independent kitchen areas and drive-in access for loading and logistics, the configuration is designed to support flexible live/work or income-oriented use cases, subject to buyer and lender requirements.
The property is located at 346 Drum Point Road in Brick, NJ (08723). Its layout supports both residential use and business operations within the same facility.
With two independent kitchen areas and drive-in access for loading and logistics, the configuration is designed to support flexible live/work or income-oriented use cases, subject to buyer and lender requirements.
Key Highlights
- Mixed‑use property with two residential apartments and approx. 10,000 sq ft of space
- Two commissary kitchens included, suited for a variety of business uses
- Two drive‑in garage doors for loading, operations, and logistics
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,362
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,347,240
$3.3M
Cap Rate 7%
$2,390,886
$2.4M
Cap Rate 9%
$1,859,578
$1.9M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$255.6K $25.56/SF
− Vacancy
−$16.5K −$1.65/SF
EGI
$239.1K $23.91/SF
− OpEx
−$71.7K −$7.17/SF
NOI
$167.4K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,347,240
Cap Rate 7%
$2,390,886
Cap Rate 9%
$1,859,578
Alternative Uses
Best Use
Multifamily LT 5
$2.39M
$2.09M – $2.79M
NOI $167,362 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,780 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
2
Residential units
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with two apartments and two commissary kitchens, plus two drive-in garage doors and additional storage.
Where is this mixed-use property located?
The property is located at 346 Drum Point Road Brick, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Mixed‑use property with two residential apartments and approx. 10,000 sq ft of space; Two commissary kitchens included, suited for a variety of business uses; Two drive‑in garage doors for loading, operations, and logistics
