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515 Rt-36 2,970 SF 100% Leased Office Building Belford, NJ 07718 $916,650 CAD ($308.64 CAD/SF) 6.75% Cap Rate
Investment Highlights
- The property is located along Route 36 in Belford, a Bayshore community with a strong mix of residential and commercial activity.
- The location benefits from proximity to major roadways and nearby commuter options serving Monmouth County.
- The area offers convenient access to local services, dining, and everyday amenities that support office use.
- Surrounding professional and service-oriented uses create a well-established setting for office tenants.
Executive Summary
Prime mixed-use investment opportunity in a high-demand location. This three-unit property features a high-visibility ground-floor commercial space, ideal for a variety of business uses, along with two well-maintained residential apartments above.
With established income in place and additional upside potential, this turnkey asset is well-suited for investors or owner-operators seeking both stability and long-term growth.
With established income in place and additional upside potential, this turnkey asset is well-suited for investors or owner-operators seeking both stability and long-term growth.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,970 SF
Building Class
C
Year Built
1948
Price
$916,650 CAD
Price Per SF
$308.64 CAD
Cap Rate
6.75%
NOI
$61,874 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,485 SF
Slab To Slab
12’
Building FAR
0.28
Lot Size
0.24 AC
Zoning
MU-15 - Commercial
Parking
12 Spaces (4.04 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 32-00266-0000-00010 | Improvements Assessment | $349,527 CAD |
| Land Assessment | $338,728 CAD | Total Assessment | $688,254 CAD |
Property Taxes
Parcel Number
32-00266-0000-00010
Land Assessment
$338,728 CAD
Improvements Assessment
$349,527 CAD
Total Assessment
$688,254 CAD
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515 Rt-36
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