688 E Bay Avenue Barnegat, NJ 08005
Established business with expansion potential in downtown Barnegat.
Property Features for 688 E Bay Avenue
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing office WEICHERT REALTORS-SHIP BOTTOM (609) 494-6000
Listing date May 27, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Well‑established, successful business with favorable long‑term lease in place provides immediate investment income.
- Prime location in a high‑traffic area of Downtown Barnegat, near public docks and bay beach.
- Town approvals in place for expansion, including a covered gazebo for additional seating and entertaining.
Local Financial Insights For Retail
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 | $60.8k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $57.4k | $20.39 |
| − OpEx | −$17.2k | −$6.12 |
| NOI | $40.2k | $14.27 |
