Colonial Office Building with
For Sale
$899,000
485 Broadway Unit 485, Long Branch, NJ 07740
A colonial-style office layout with reception areas, conference rooms, two bathrooms, and a full kitchen for flexible use.
Property Size2,042 SF
Price / SF$440.25
Days on Market132
Property Features for 485 Broadway Unit 485
General Information
Standard status
Active
Size
2,042 SF
Property subtype
Mixed Use
Building Details
Year Built
1910
Listing Agency:
ProLegacy Realty, LLC
(732) 708-3340
Listed By:
Jamie Martin Kline
(732) 708-3340
Source:
Xome
Added: Mar 23
Changed: Jul 10
Last Checked: Jul 16 at 5:15AM
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 ProLegacy Realty, LLC
Investment Insights
Based on property information with market context.
This classic colonial property is currently configured for professional office use and includes multiple private office spaces, welcoming reception areas, conference rooms, two bathrooms, and a full kitchen. The building retains original architectural character with large windows and strong curb appeal, while also requiring updating and improvements to reach its next use.
Located at 485 Broadway Unit 485 in Long Branch, it is positioned near downtown and convenient to major roadways, shopping, dining, and the Jersey Shore. The property also offers flexibility for buyers considering residential or alternative business use, subject to buyer due diligence and required municipal approvals.
For an owner-user or investor, the existing office configuration supports professional services and boutique office operations, with rooms that can be adapted to different tenant workflows. Buyers looking to renovate can customize the space for their specific needs, including potential live/work arrangements, while accounting for the updates and municipal approvals that may be required.
Located at 485 Broadway Unit 485 in Long Branch, it is positioned near downtown and convenient to major roadways, shopping, dining, and the Jersey Shore. The property also offers flexibility for buyers considering residential or alternative business use, subject to buyer due diligence and required municipal approvals.
For an owner-user or investor, the existing office configuration supports professional services and boutique office operations, with rooms that can be adapted to different tenant workflows. Buyers looking to renovate can customize the space for their specific needs, including potential live/work arrangements, while accounting for the updates and municipal approvals that may be required.
Key Highlights
- Colonial‑style building built in 1910 configured as a professional office
- Office layout includes reception areas, multiple private office spaces, and conference rooms
- Two bathrooms plus a full kitchen included in the current configuration
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 | $61.3k | $30.00 |
| − Vacancy | −$19.6k | −$9.60 |
| EGI | $41.7k | $20.40 |
| − OpEx | −$10.4k | −$5.10 |
| NOI | $31.2k | $15.30 |
2,042 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$446.3K
$390.5K – $520.7K
NOI $31,243 @ 7.0% cap · market cap 3.48%
Second Best
Mixed Use
$393.8K
$344.6K – $459.5K
NOI $27,567 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,324 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A colonial-style office layout with reception areas, conference rooms, two bathrooms, and a full kitchen for flexible use.
Where is this office units located?
The property is located at 485 Broadway Unit 485 Long Branch, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Colonial‑style building built in 1910 configured as a professional office; Office layout includes reception areas, multiple private office spaces, and conference rooms; Two bathrooms plus a full kitchen included in the current configuration
