Leased Live-Work Mixed-Use
437 Adamston Road Brick, NJ 08723
For Sale
$1,550,000
COMMERCIAL - Brick, NJ
Property Size4,600 SF
Lot Size3.58 Acres
Price / SF$336.96
Days on Market92
Property Features for 437 Adamston Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Parking features
Parking Lot, Guest, Open, Off Street
Security features
Security System
Window features
Insulated Windows
Interior features
Fluorescent
Exterior features
Lighting, Outdoor Shower
Fencing
Fenced
Basement
Crawl Space
Standard status
Active
APN
07-00195-0000-00016-02
Size
4,600 SF
Lot size
3.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20355
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete, Wood
Listing Agency:
Weichert Realtors-Sea Girt
(732) 974-1000
Listed By:
Dawn M White
(732) 974-1000
Added: Apr 30
Changed: Jul 29
Last Checked: Jul 30 at 6:06AM
MLS# 22612376
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.
Investment Insights
Based on property information with market context.
This leased mixed-use property on 3.58 acres combines approximately 2,300 sq ft of commercial space with an attached residence. The home features hardwood floors, granite countertops, and picture frame and crown molding throughout, including three bedrooms, a nanny suite, and 2.5 bathrooms.
The commercial component is secured by a long-term lease with a corporate tenant under a 10-year agreement that commenced February 7, 2023. As of 4/30/2026, the lease is in Year 4 with approximately 6 years and 9 months remaining. The current base rent is $83,997 annually with scheduled increases through the term, and the total remaining base rent over the balance of the lease is approximately $610,000+. The tenant also contributes toward taxes, insurance, and operating expenses.
Additional property features include expansive grounds, outbuildings, a barn with electric, and ample parking. The property is positioned for convenient access to major roadways, local amenities, and the Jersey Shore.
The commercial component is secured by a long-term lease with a corporate tenant under a 10-year agreement that commenced February 7, 2023. As of 4/30/2026, the lease is in Year 4 with approximately 6 years and 9 months remaining. The current base rent is $83,997 annually with scheduled increases through the term, and the total remaining base rent over the balance of the lease is approximately $610,000+. The tenant also contributes toward taxes, insurance, and operating expenses.
Additional property features include expansive grounds, outbuildings, a barn with electric, and ample parking. The property is positioned for convenient access to major roadways, local amenities, and the Jersey Shore.
Key Highlights
- 3.58‑acre mixed‑use property in Brick’s Adamston corridor with secured long‑term lease to a corporate tenant
- 10‑year lease commenced February 7, 2023; as of 4/30/2026 it is in Year 4 with ~6 years and 9 months remaining
- Current base rent is $83,997 annually, with scheduled increases; total remaining base rent over the lease term is approx. $610,000+
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 | $138.0k | $30.00 |
| − Vacancy | −$44.2k | −$9.60 |
| EGI | $93.8k | $20.40 |
| − OpEx | −$23.5k | −$5.10 |
| NOI | $70.4k | $15.30 |
4,600 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use property on 3.58 acres with leased commercial space and an attached residence featuring multiple upgrades.
Where is this live-work space located?
The property is located at 437 Adamston Road 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 in Brick’s Adamston corridor with secured long‑term lease to a corporate tenant; 10‑year lease commenced February 7, 2023; as of 4/30/2026 it is in Year 4 with ~6 years and 9 months remaining; Current base rent is $83,997 annually, with scheduled increases; total remaining base rent over the lease term is approx. $610,000+
