Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Main St Bradley Beach, NJ 07720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Medical/Office Condo, Great Investment

    Property size:
    451 SF

    Property Features for 2 Main St

    General Information

    Property type
    Medical Office Space
    Square Feet
    451 SF

    We can help!

    Listing Contact
    Timothy A Henry Jr
    Timothy A Henry Jr

    Listing Agency: REALTY ONE GROUP OPEN DOOR Listing Agent: Timothy A Henry Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 451-square-foot office condo, located at 2 Main Street in Bradley Beach, New Jersey (zip code 07720), presents a compelling investment opportunity. Currently leased to a chiropractic practice, generating passive income until Spring/Summer 2025, this property offers significant potential for future growth and diversification. The condo is zoned GB, allowing for a variety of uses beyond medical offices, including retail establishments such as grocery stores, pharmacies, personal service businesses, and restaurants. The asking price is $199,999, translating to $443 per square foot. Situated in the heart of Bradley Beach, within Monmouth County, this property benefits from a highly visible Main Street location and easy access to local amenities and transportation. Its versatility, strong rental history, and prime location make it an attractive prospect for investors seeking steady returns or those looking to establish a new business in a thriving coastal community. The property's central location and diverse permitted uses offer a unique blend of stability and future upside potential. This is a rare opportunity to acquire a well-situated commercial property in a desirable New Jersey coastal town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Danielle Restivo Physician Dr. Gia Russo Physician Dr. Michael Najar Alternative Medicine Practice Current Rehab is ... Physician Michelle E. Pires, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bradley Beach
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0198143
    Latitude
    40.1974936

    Nearby Similar for Sale

    • $1,425,000
      Pending

      Commercial Building in Bradley Beach

      Well-maintained commercial building with a multi-year tenant and NNN lease.
      615 Park Place Ave, Bradley Beach, NJ 07720
      View Details
    • $1,999,999
      7,548 SF

      Iconic Bradley Theatre: Prime Opportunity

      High-exposure property in walkable downtown corridor, ideal for various uses.
      110 Main St, Bradley Beach, NJ 07720
      View Details
    • $700,000
      2,030 SF

      Liquor Business For Sale

      Highly visible, income-producing liquor business in desirable Jersey Shore market.
      618 Main St, Bradley Beach, NJ 07720
      View Details
    • $1,100,000
      Pending

      Versatile Three-Family Property in Bradley Beach

      Three-family property near the ocean and Main Street.
      600 Brinley Ave, Bradley Beach, NJ 07720
      View Details
    • $1,999,999
      7,548 SF

      Iconic Bradley Theatre: Prime Opportunity

      Versatile 7,500+ sq ft building in walkable downtown corridor.
      110 Main St, Bradley Beach, NJ 07720
      View Details
    • $899,999

      Bradley Beach Mixed-Use Opportunity

      Mixed-use property with commercial space and residential apartment near beach.
      801 Main St, Bradley Beach, NJ 07720
      View Details
    • $1,575,000

      Bagel Restaurant with Residential Income

      Established bagel restaurant with three income-producing residential apartments.
      0000 Main St, Bradley Beach, NJ 07720
      View Details
    • $715,000
      3,200 SF

      Profitable Bradley Beach Liquor Store

      Established Liquor Store, Real Estate Option
      618 Main St, Bradley Beach, NJ 07720
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime Medical/Office Condo, Great Investment
    Where is this medical office space located?
    The property is located at 2 Main St Bradley Beach, NJ.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: $199,999 asking price.; 451 square foot office condo.; Located at 2 Main St, Bradley Beach, NJ 07720.
    (732) 410-5699 Call to check price and availability
    Request Owner's contact information
    2 Main St Bradley Beach, NJ 07720
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Main St
    Bradley Beach, NJ 07720
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Main St Bradley Beach, NJ 07720
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Timothy A Henry Jr
    Timothy A Henry Jr
    Real Estate License ID: 2220528
    (732) 410-5699 (732) 798-8188
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!