688 E Bay Avenue Barnegat, NJ 08005
COMMERCIAL - Barnegat, NJ
Property Features for 688 E Bay Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 20
- Parking features
- Off Street, Parking Lot
- Security features
- Security System
- Interior features
- Refrigeration
- Exterior features
- Lighting
- Basement
- Full
- Standard status
- Active
- APN
- 01-00250-0000-00024
- Size
- 2,816 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10189
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Wood, Tile, Vinyl
- Building materials
- Concrete
- Roof type
- Shingle
Listing agent Paul Metzger (609) 494-6000
Listing office Weichert Realtors-Ship Bottom 326 W 9th Street, Point Pleasant Beach, NJ (609) 494-6000
Listing date May 26, 2026
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.
The building is positioned in a high-traffic area of Downtown Barnegat, with close proximity to the public docks and Bay Beach.
Town approvals are in place to expand into the rear yard, including a covered gazebo concept to add additional seating and entertaining space. The site totals 0.22 acres and the building size is 2,816 square feet.
Key Highlights
- Classic concrete building built in 1920 with shingle roof
- Heating and cooling: forced air heating and central air
- Interior features include refrigeration
Local Financial Insights For Specialty 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 | −$14.4k | −$5.10 |
| NOI | $43.1k | $15.29 |
