Renovated Office Building in
516 Duquesne Boulevard Brick, NJ 08723
For Sale
$1,650,000
COMMERCIAL - Brick, NJ
Property Size4,090 SF
Lot Size0.52 Acres
Price / SF$403.42
Days on Market156
Property Features for 516 Duquesne Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
23
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Fencing
Fenced
Basement
Crawl Space, Full, Finished
Standard status
Active
APN
07-00446-04-00007
Size
4,090 SF
Lot size
0.52 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public, Well
Building Details
Floors in Building
4
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
One Real Estate Group, LLC
(732) 663-9898
Listed By:
Chaya Klein · License #1649028
(732) 663-9898
Added: Feb 24
Changed: Jul 11
Last Checked: Jul 30 at 5:06AM
MLS# 22604728
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,090 square foot corner property is a renovated office building located in Brick, New Jersey. Situated in the heart of Brick's premier commercial corridor, it is directly across from Target and surrounded by national retailers, medical offices, and professional businesses. The building features private offices, conference rooms, a kitchen, and a finished lower level. It also includes five separate entrances and 23 dedicated parking spaces. The property offers flexibility for medical, professional, counseling, educational, or multi-department office users. The lot size is 0.52 acres, located in Ocean County.
Key Highlights
- 4,090 SF corner office building directly across from Target
- Interior includes private offices, conference rooms, a kitchen, and a finished lower level
- Five separate entrances plus 23 dedicated off‑street parking spaces
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
Healthcare Medical
$870.0K
$761.2K – $1.01M
NOI $60,898 @ 7.0% cap · market cap 3.69%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office building in Brick's commercial corridor.
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: 4,090 SF corner office building directly across from Target; Interior includes private offices, conference rooms, a kitchen, and a finished lower level; Five separate entrances plus 23 dedicated off‑street parking spaces
