Ocean
254 Brick Boulevard #11
$85,000
●
Commercial -
Off Market
254 Brick Boulevard #11
Brick, NJ 08723
Studio
0 Bath
$167,582
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model
About This Property
Prime office condo on busy thorofare. Plenty of parking and easy to
get to. Large office space with 2 offices, bathroom.storage closet.
Building has been redone recently. There is a newer roof, and
siding, the parking lot has been repaved. The entrance to building
is a large, open, impessive 2 story area. Very nice finishes. An
elevator is available. Only minutes to the center of Brick, and
very close to Toms River. This is very convenient location fro any
professional. Also avail. for rent $900
Unit Size
-
Days on Market
192 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$154
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 months ago (MOMLS #21411025)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Listed by RE/MAX Revolution | $375,000 | |
| Listed by RE/MAX Revolution | |||
| | |||
|
OWNER LOOKING TO RETIRE. Thriving, well established driving school located in Brick available for sale. Started in 2001, Seville Driving School has been the ''Go-To'' school for teens and adults in Ocean and Monmouth Counties for professional driving instruction. Sale of business to include 580 sqft office condo with 7 reserved parking spaces, all located on a major roadway with plenty of exposure. 5 late-model cars all professionally modified to meet instruction requirements. Private commercial condo offers Waiting room & employee work stations, private office, classroom, storage room and private bathroom. Purchaser of business MUST hold NJ state required licensing for instruction.
| |||
| Oct 4, 2014 | Sold | ||
| Sold | |||
| Mar 25, 2014 | Listed by Crossroads Realty Manchester | $89,900 | |
| Listed by Crossroads Realty Manchester | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: On Site, Open, Paver Block
Exterior Details
Construction Materials: Brick
Lot Features: Level, Highway Frontage
Water Source: Public
Financial Details
Tax Assessed Value: $91,300
Tax Annual Amount: $1,849
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Snow Removal, Common Area
HOA/Condo/Coop Amenities: Common Area
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/04/2024
|
Loft
|
-
|
-
|
$375,000
Loft
-
|
$300,000
-20.00%
12/27/2024
|
Kenneth Duncan
RE/MAX Revolution
| |
|
06/29/2022
|
Loft
|
-
|
-
|
$89,000
Loft
-
|
$70,000
-21.35%
10/26/2022
|
Nicole Chopp
Goldstone Realty
| |
|
06/29/2022
|
Loft
|
-
|
-
|
$89,000
Loft
-
|
$70,000
-21.35%
10/26/2022
|
Nicole Chopp
Goldstone Realty
| |
|
06/24/2022
|
Loft
|
-
|
-
|
$114,500
Loft
-
|
$107,500
-6.11%
07/22/2022
|
Colette Gioia
RE/MAX Real Estate Limited - Brick
| |
|
10/25/2021
|
Loft
|
-
|
-
|
$99,000
Loft
-
|
-
-
|
Alissa Lardiere
CARA Realtors
| |
|
10/20/2021
|
Loft
|
-
|
-
|
$120,000
Loft
-
|
-
-
|
Roxanne D'Amore
RE/MAX Award Realtors
| |
|
08/13/2020
|
Loft
|
-
|
-
|
$139,000
Loft
-
|
$123,000
-11.51%
05/20/2021
|
Marla Naputano
Keller Williams Realty Preferred Properties
| |
|
08/05/2017
|
Loft
|
-
|
-
|
$119,000
Loft
-
|
$112,500
-5.46%
04/12/2018
|
Mark Marchi
Keller Williams Realty West Monmouth
| |
|
01/09/2016
|
Loft
|
-
|
-
|
$89,000
Loft
-
|
$45,000
-49.44%
11/15/2016
|
Suzanne Liguori
Realty One Group Emerge
| |
|
01/09/2016
|
Loft
|
-
|
-
|
$99,000
Loft
-
|
$45,000
-54.55%
11/15/2016
|
Suzanne Liguori
Realty One Group Emerge
| |
|
03/25/2014
|
Loft
|
-
|
-
|
$89,900
Loft
-
|
$85,000
-5.45%
10/04/2014
|
Bernard Czech
Crossroads Realty Manchester
|
Building Info
About Ocean
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Listed by: Bernard J Czech, Crossroads Realty Manchester
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 21411025
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 7 months ago
Data Source: MOMMLS, MLS# 21411025
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