Fully Leased Office
New
For Sale
$999,000
44 Princeton Avenue, Brick, NJ 08724
The building is occupied by professional and small-business tenants.
Property Size4,500 SF
Price / SF$222
Days on Market4
Property Features for 44 Princeton Avenue
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Occupancy
100%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Spring Lake
Listed By:
Susan O'Brien · License #0559961
(732) 620-0710
Source:
Actionplusrealty
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 2:23AM
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 Keller Williams Realty Spring Lake
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,500-square-foot office building is fully leased to professionals and small businesses. The property is positioned at a corner on Princeton Avenue in Brick Township.
Rent roll information is available by request. The site is offered for sale, with the building currently occupied by multiple tenants.
Rent roll information is available by request. The site is offered for sale, with the building currently occupied by multiple tenants.
Key Highlights
- 4,500‑square‑foot office building
- Fully leased to professionals and small businesses
- Corner location on Princeton Avenue in Brick Township
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,850
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
$1.4M
Cap Rate 7%
$983,571
$983.6K
Cap Rate 9%
$765,000
$765.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$135.0K $30.00/SF
− Vacancy
−$43.2K −$9.60/SF
EGI
$91.8K $20.40/SF
− OpEx
−$23.0K −$5.10/SF
NOI
$68.9K $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%
$1,377,000
Cap Rate 7%
$983,571
Cap Rate 9%
$765,000
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 08724, NJ
41,458
Population
17,799
Households
2.3
Avg Household Size
47
Median Age
36%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
3,004
Density / Sq Mi
$98,771
Median Household Income
$51,099
Median Earnings
$1,767
Median Rent
$364,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The building is occupied by professional and small-business tenants.
Where is this office building located?
The property is located at 44 Princeton Avenue Brick, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 4,500‑square‑foot office building; Fully leased to professionals and small businesses; Corner location on Princeton Avenue in Brick Township
