Turnkey Commercial Building in
516 Duquesne Boulevard Brick, NJ 08723
516 Duquesne Boulevard, Brick, NJ, 08723
$1,650,000
For Sale
$1,650,000
Renovated 4,090 SF commercial building with flexible layout.
Property Size4,090 SF
Lot Size0.52 Acres
Price / SF$403.42
Days on Market147
Property Features for 516 Duquesne Boulevard
General Information
- Standard status
- Active
- Size
- 4,090 SF
- Lot size
- 0.52 Acres
- Property subtype
- Commercial
Listing Agency
ONE REAL ESTATE GROUP, LLC
(732) 663-9898
Listed by
CHAYA KLEIN · License #1649028
Source
Corcoran
Added: Feb 24 Updated: Jul 6 at 10:00 am Checked: Jul 19 at 4:45 am
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 ONE REAL ESTATE GROUP, LLC
Investment Insights
Based on property information with market context.
This turnkey 4,090 sq. ft. commercial building has been fully renovated and is located in Brick Township, offering convenient access to the Garden State Parkway and major local roadways. The property provides visibility and accessibility for clients and employees. The interior layout includes multiple private offices, conference rooms, and a kitchen area. A fully finished basement is currently configured as employee locker rooms. Five separate entrances/exits allow for flexible operational flow, departmental separation, or potential multi-use configurations. The property also features 23 dedicated parking spaces, a valuable amenity in this high-demand commercial corridor. This property offers an opportunity for an owner-user seeking immediate occupancy.
Key Highlights
- Turnkey, fully renovated 4,090 sq. ft. commercial building.
- Excellent visibility and accessibility in Brick Township.
- 23 dedicated parking spaces.
Local 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 | $122.7k | $30.00 |
| − Vacancy | −$39.3k | −$9.60 |
| EGI | $83.4k | $20.40 |
| − OpEx | −$20.9k | −$5.10 |
| NOI | $62.6k | $15.30 |
4,090 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$894.0K
$782.2K – $1.04M
NOI $62,577 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.5K – $1.25M
NOI $74,759 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Renovated 4,090 SF commercial building with flexible layout.
Where is this office building located?
The property is located at 516 Duquesne Boulevard Brick, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Turnkey, fully renovated 4,090 sq. ft. commercial building.; Excellent visibility and accessibility in Brick Township.; 23 dedicated parking spaces.
