Herbertsville Road Office
426 Herbertsville Rd Brick, NJ 08724
426 Herbertsville Rd, Brick, NJ, 08724
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For Sale
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Turnkey office building with five fully leased suites.
Property Size4,000 SF
Price / SF$199.75
Days on Market120
Property Features for 426 Herbertsville Rd
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing Agency
Coletta Commercial Realty
Listed by
Jarrad Coletta · License #NJ 0569154
Source
Crexi
Added: Mar 20 Checked: Jul 17 at 12:57 pm
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 Coletta Commercial Realty
Investment Insights
Based on property information with market context.
The property at 426 Herbertsville Road is located on Herbertsville Road in Brick, New Jersey. This commercial real estate offers an investment opportunity. The turnkey asset features five professional office suites that are fully leased, providing a mix of tenants and rental income. One tenant operates on a month-to-month lease, offering an opportunity for an owner-occupant. The property has parking and high visibility. It is located minutes from the Garden State Parkway.
Key Highlights
- Prime location on heavily trafficked Herbertsville Rd, Brick, NJ, offering high visibility.
- Turnkey asset with five fully leased professional office suites, providing stable rental income.
- Ample parking available for tenants and visitors.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.0k | $30.00 |
| − Vacancy | −$38.4k | −$9.60 |
| EGI | $81.6k | $20.40 |
| − OpEx | −$20.4k | −$5.10 |
| NOI | $61.2k | $15.30 |
4,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Turnkey office building with five fully leased suites.
Where is this office building located?
The property is located at 426 Herbertsville Rd Brick, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime location on heavily trafficked Herbertsville Rd, Brick, NJ, offering high visibility.; Turnkey asset with five fully leased professional office suites, providing stable rental income.; Ample parking available for tenants and visitors.
