Mixed-Use Property with
For Sale
$1,550,000
437 Adamston Rd, Brick, NJ 08723
Commercial space and an appointed residence create a live-work configuration with professional-use flexibility.
Property Size4,600 SF
Price / SF$336.96
Days on Market79
Property Features for 437 Adamston Rd
General Information
Standard status
Active
Size
4,600 SF
Listing Agency:
Weichert Realtors-Sea Girt
Listed By:
Dawn M White
(732) 657-1300
Source:
Mynewjerseyrealestate
Added: Jul 28
Changed: Oct 5
Last Checked: Oct 7 at 2:08PM
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 Weichert Realtors-Sea Girt
Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 2,300 square feet of commercial space with an attached residence on 3.58 acres. The home includes hardwood floors, granite countertops, picture-frame and crown molding, three bedrooms, a nanny suite, and 2.5 bathrooms. Additional improvements include outbuildings and a barn with electric, along with ample parking.
The property is subject to a 10-year lease that began February 7, 2023, with a corporate tenant contributing toward taxes, insurance, and operating expenses. As of 4/30/2026, the lease is in Year 4 with approximately 6 years and 9 months remaining. Zoning is identified as Agricultural, Conforming Use, Profession. Located at 437 Adamston Road in Brick, the site offers access to major roadways, local amenities, and the Jersey Shore.
The property is subject to a 10-year lease that began February 7, 2023, with a corporate tenant contributing toward taxes, insurance, and operating expenses. As of 4/30/2026, the lease is in Year 4 with approximately 6 years and 9 months remaining. Zoning is identified as Agricultural, Conforming Use, Profession. Located at 437 Adamston Road in Brick, the site offers access to major roadways, local amenities, and the Jersey Shore.
Key Highlights
- 3.58‑acre mixed‑use property at 437 Adamston Road, Brick, NJ 08723
- Approximately 2,300 sq ft of commercial space with an attached residence
- 10‑year lease commenced February 7, 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,380
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,600
$1.4M
Cap Rate 7%
$1,005,429
$1.0M
Cap Rate 9%
$782,000
$782.0K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$138.0K $30.00/SF
− Vacancy
−$44.2K −$9.60/SF
EGI
$93.8K $20.40/SF
− OpEx
−$23.5K −$5.10/SF
NOI
$70.4K $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%
$1,407,600
Cap Rate 7%
$1,005,429
Cap Rate 9%
$782,000
Alternative Uses
Best Use
Office B
$1.01M
$879.8K – $1.17M
NOI $70,380 @ 7.0% cap · market cap 4.54%
Second Best
Mixed Use
$759.0K
$664.1K – $885.5K
NOI $53,130 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,081 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
130
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and an appointed residence create a live-work configuration with professional-use flexibility.
Where is this mixed-use property located?
The property is located at 437 Adamston Rd Brick, NJ.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 3.58‑acre mixed‑use property at 437 Adamston Road, Brick, NJ 08723; Approximately 2,300 sq ft of commercial space with an attached residence; 10‑year lease commenced February 7, 2023
