Mixed-Use Property with
For Sale
$650,000
451 Atlantic City Boulevard, Beachwood, NJ 08722
Includes downstairs commercial space, an upstairs apartment, and additional warehouse capacity.
Property Size4,510 SF
Days on Market86
Property Features for 451 Atlantic City Boulevard
General Information
Standard status
Active
Size
4,510 SF
Total Parking Spaces
8
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,866
Amenities
attached garage
2-car garage warehouse
2 zone heating
Building Details
Building Size
4,510 SF
Stories
2
Listing Agency:
RE/MAX Revolution
(732) 678-1328
Listed By:
Julie L Choy · License #9696049
(732) 678-1328
Source:
Michaelfraulo
Added: Jun 5
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 RE/MAX Revolution
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial, residential, and storage components within one building arrangement. The lower level provides space for office, storage, retail, or shop use, along with an attached garage and two half baths. Upstairs, a 2BR, 1.5BA apartment offers residential quarters or an additional income-producing component. The property also includes a large two-car garage warehouse for expanded storage and work space.
Located at 451 Atlantic City Boulevard in Beachwood, the property sits directly off RT 9 NB and near the traffic circle. The Garden State Parkway and a park are minutes away. Two-zone heating serves the property, supporting the combination of commercial and residential areas.
Located at 451 Atlantic City Boulevard in Beachwood, the property sits directly off RT 9 NB and near the traffic circle. The Garden State Parkway and a park are minutes away. Two-zone heating serves the property, supporting the combination of commercial and residential areas.
Key Highlights
- Mixed‑use property at 451 Atlantic City Boulevard, Beachwood, NJ 08722
- Downstairs area supports office, storage, retail, or shop use
- Attached garage and 2 half baths serve the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,091
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,820
$1.0M
Cap Rate 7%
$744,157
$744.2K
Cap Rate 9%
$578,789
$578.8K
Market Conditions
NOI Build-Up for 4,510 SF
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.
Gross rent
$94.7K $21.00/SF
− Vacancy
−$11.4K −$2.52/SF
EGI
$83.3K $18.48/SF
− OpEx
−$31.3K −$6.93/SF
NOI
$52.1K $11.55/SF
Area
Ocean County, NJ
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,820
Cap Rate 7%
$744,157
Cap Rate 9%
$578,789
Alternative Uses
Best Use
Warehouse
$878.1K
$768.4K – $1.02M
NOI $61,469 @ 7.0% cap · market cap 9.46%
Second Best
Flex RnD
$855.3K
$748.4K – $997.8K
NOI $59,869 @ 7.0% cap · market cap 9.21%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,436 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 08722, NJ
10,859
Population
4,180
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
3,878
Density / Sq Mi
$102,043
Median Household Income
$49,811
Median Earnings
$2,236
Median Rent
$307,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes downstairs commercial space, an upstairs apartment, and additional warehouse capacity.
Where is this mixed-use property located?
The property is located at 451 Atlantic City Boulevard Beachwood, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Mixed‑use property at 451 Atlantic City Boulevard, Beachwood, NJ 08722; Downstairs area supports office, storage, retail, or shop use; Attached garage and 2 half baths serve the lower level
