Listing Agency: RE/MAX Revolution

Listed By: Julie L Choy · License #9696049 Show Phone

Source: Obrienrealtyllc

Added: Sep 6 Changed: Oct 22 Last Checked: Oct 24 at 10:33PM

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Investment Insights

Based on property information with market context.

This 4,510-square-foot flex property combines commercial, storage, and residential components. The lower level provides space for office, retail, storage, or shop use, along with an attached garage and two half baths. A separate large two-car garage warehouse adds additional room for storage or work functions. The upper level contains a 2BR, 1.5BA apartment that can support residential occupancy or an owner-user arrangement. Two-zone heating serves the property.

The property is located at 451 Atlantic City Boulevard in Beachwood, with direct proximity to RT 9 NB. It is near the local traffic circle and minutes from the parkway, placing the building within an established commercial corridor.

Key Highlights

• 4,510 SF flex property at 451 Atlantic City Boulevard
• Lower level supports office, storage, retail, or shop use
• Upper‑level 2BR 1.5BA apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,621

Cap Rate

7.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,012,420 $1.0M

Cap Rate 7%

$723,157 $723.2K

Cap Rate 9%

$562,456 $562.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,510 SF

Gross rent

$76.9K $17.04/SF

− Vacancy

−$4.5K −$1.01/SF

EGI

$72.3K $16.03/SF

− OpEx

−$21.7K −$4.81/SF

NOI

$50.6K $11.22/SF

Area

Ocean County, NJ

Vacancy

5.90%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,012,420

Cap Rate 7%

$723,157

Cap Rate 9%

$562,456

Alternative Uses

Best Use

Office B

$985.8K

$862.5K – $1.15M (±1% cap)

NOI $69,003 @ 7.0% cap · market cap 10.62%

Second Best

Retail

$919.6K

$804.7K – $1.07M (±1% cap)

NOI $64,372 @ 7.0% cap · market cap 9.90%

Theoretical Best

Office A

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,436 @ 7.0% cap · market cap 12.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

JCM Home Services ... Electrical Service JCM Electric LLC Electrical Service Urgent Dentist Dental Office Amazing Deals Llc Liquidator

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Parking Lot & Garage Nail Salon Skin Care Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

423

Businesses Nearby

Under-served

Demand for This Use

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 Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar Off Market Nearby

• Big Blue Wrap and Roll — 410 Monmouth Ave, Pine Beach, NJ 08741

Frequently Asked Questions

What type of property is this?

Flex space - Mixed-use configuration combines commercial work areas, garage capacity, and an upstairs residential apartment.

Where is this flex space 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: 4,510 SF flex property at 451 Atlantic City Boulevard; Lower level supports office, storage, retail, or shop use; Upper‑level 2BR 1.5BA apartment