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    Listings

    For Sale (16)

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    Long Branch Two-Family Property
    $649,999

    Long Branch Two-Family Property

    Two-family property near redevelopment with great rent roll.

    288 Morris Ave, Long Branch, NJ 07740
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    Asbury Park Retail Opportunity
    $889,000
    4,250 SF

    Asbury Park Retail Opportunity

    Retail building for sale in Asbury Park, New Jersey.

    1111 Main St, Asbury Park, NJ 07712
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    Asbury Park Commercial Opportunity
    $1,650,000
    7,062 SF

    Asbury Park Commercial Opportunity

    Commercial building in Asbury Park's Central Business District.

    428 Main St, Asbury Park, NJ 07712
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    Asbury Park Multifamily Opportunity
    $939,000
    1,119 SF

    Asbury Park Multifamily Opportunity

    Multifamily property with expansion potential in desirable Asbury Park.

    912 Sunset Ave, Asbury Park, NJ 07712
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    Renovated Asbury Park Apartment Building
    $1,200,000
    4,086 SF

    Renovated Asbury Park Apartment Building

    Renovated 5-unit apartment building in Asbury Park, New Jersey.

    905 Grand Ave, Asbury Park, NJ 07712
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    Ocean Grove Land Opportunity
    $1,399,000
    0.04 Acres

    Ocean Grove Land Opportunity

    Two lots for single-family homes with ocean and lake views.

    25 Seaview Ave, Ocean Grove, NJ 07756
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    Ocean Grove Vacant Land
    $829,000
    0.07 Acres

    Ocean Grove Vacant Land

    Vacant land in Ocean Grove with lake and ocean views.

    22 Lake Ave, Ocean Grove, NJ 07756
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    Asbury Park Buildable Lot
    $899,000
    0.63 Acres

    Asbury Park Buildable Lot

    Buildable lot near the beach in Asbury Park, NJ.

    505 8Th Ave, Asbury Park, NJ 07712
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    Asbury Park Retail/Office Building
    $2,500,000
    8,020 SF

    Asbury Park Retail/Office Building

    Fully leased retail/office building in Asbury Park, New Jersey.

    21 Main St, Asbury Park, NJ 07712
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    Legal Building Lot For Sale
    Contact for pricing

    Legal Building Lot For Sale

    Building lot available for sale in Asbury Park, NJ.

    Legal, Asbury Park, NJ 07712
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    Asbury Park Retail Space
    Contact for pricing
    7,068 SF

    Asbury Park Retail Space

    Retail space available for sale in Asbury Park.

    428 Main St, Asbury Park, NJ 07712
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    Turnkey Restaurant in Avon-by-the-Sea
    $300,000
    2,724 SF

    Turnkey Restaurant in Avon-by-the-Sea

    Established restaurant in prime location, blocks from the beach.

    306 Main St, Avon by the Sea, NJ 07717
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    Hardware Store in Central Business
    $2,000,000
    7,062 SF

    Hardware Store in Central Business

    Established hardware store with expansion potential in Asbury Park.

    428 Main St #408, Asbury Park, NJ 07712
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    Commercial Property on Corner Lot
    $975,000
    1,968 SF

    Commercial Property on Corner Lot

    Commercial property in Oakhurst business district, corner lot.

    71 Monmouth Rd, Oakhurst, NJ 07755
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    Retail Space on Cookman Avenue
    $3,800,000
    2,185 SF

    Retail Space on Cookman Avenue

    Retail space available for sale, featuring 2,185 square feet.

    522 Cookman Ave, Asbury Park, NJ 07712
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    Ocean Grove Land For Sale
    $1,525,000

    Ocean Grove Land For Sale

    Land available in Ocean Grove, New Jersey.

    25 Seaview Ave, Ocean Grove, NJ 07756
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    For Lease (17)

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    Asbury Park Retail/Restaurant Space
    $30 SF/Yr
    11,500 SF

    Asbury Park Retail/Restaurant Space

    Prime commercial space in downtown Asbury Park, ready for customization.

    614 Cookman Ave, Asbury Park, NJ 07712
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    Keansburg Commercial Space For Rent
    Contact for pricing
    4,680 SF

    Keansburg Commercial Space For Rent

    Flexible commercial space in Keansburg's evolving waterfront district.

    40 Carr Ave, Keansburg, NJ 07734
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    Manalapan Medical Office For Rent
    $15 SF/Yr
    117,612 SF

    Manalapan Medical Office For Rent

    Turnkey medical office space available for immediate occupancy in Manalapan.

    500 Park Ave, Manalapan, NJ 07726
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    Asbury Park Flex Space
    $15 SF/Yr
    3,000 SF

    Asbury Park Flex Space

    Ground floor flex space with garage door access available for rent.

    807 Summerfield Ave, Asbury Park, NJ 07712
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    Commercial Space in Asbury Park
    $3,500 / Mo
    19,602 SF

    Commercial Space in Asbury Park

    Commercial space for rent in Asbury Park, New Jersey.

    700 Bangs Ave, Asbury Park, NJ 07712
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    Asbury Park Retail Space
    $3,500 / Mo
    2,000 SF

    Asbury Park Retail Space

    Retail space near supermarket and train station available immediately.

    917 3Rd Ave, Asbury Park, NJ 07712
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    Highway 71 Commercial Space Available
    $15 SF/Yr
    14,517 SF

    Highway 71 Commercial Space Available

    Renovated warehouse, office, retail/showroom on busy Highway 71.

    111 S Main St, Neptune, NJ 07753
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    Asbury Park Flex Space
    $13 SF/Yr
    2,600 SF

    Asbury Park Flex Space

    Flex space near downtown Asbury Park, suitable for various uses.

    807 Summerfield Ave, Asbury Park, NJ 07712
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    Keansburg Waterfront Office Suite
    Contact for pricing
    4,680 SF

    Keansburg Waterfront Office Suite

    Flexible office space in Keansburg's revitalizing waterfront district.

    40 Carr Ave, Keansburg, NJ 07734
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    Asbury Park Office Space
    $1,000 / Mo
    5,491 SF

    Asbury Park Office Space

    Office space for rent in Asbury Park, New Jersey.

    513 Cookman Ave, Asbury Park, NJ 07712
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    Manalapan Medical Office Suite
    $17 SF/Yr

    Manalapan Medical Office Suite

    Turnkey medical office suite for lease in Manalapan.

    500 Park Ave, Manalapan, NJ 07726
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    Turnkey Medical Office in Manalapan
    $15 SF/Yr

    Turnkey Medical Office in Manalapan

    Move-in ready, furnished medical office space for lease.

    500 Park Ave, Manalapan, NJ 07726
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    Highway 71 Commercial Space Available
    $15 SF/Yr
    14,517 SF

    Highway 71 Commercial Space Available

    Renovated warehouse, office, retail space on busy Highway 71.

    111 S Main St, Neptune, NJ 07753
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    Office Space in Sackman Building
    $1,000 / Mo
    5,491 SF

    Office Space in Sackman Building

    Office space for rent including utilities and taxes.

    513 Cookman Ave, Asbury Park, NJ 07712
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    Asbury Park Office Space Available
    $26,400
    236 SF

    Asbury Park Office Space Available

    Office unit for rent in Asbury Park, NJ.

    1227 Asbury Ave, Asbury Park, NJ 07712
    View details
    Asbury Park Flex/Industrial Space
    $12 SF/Yr
    8,694 SF

    Asbury Park Flex/Industrial Space

    8,694 SF flex/industrial space available for lease.

    910 1St Ave, Asbury Park, NJ 07712
    View details
    Asbury Park Corner Retail/Office
    $1,200 / Mo
    380 SF

    Asbury Park Corner Retail/Office

    High-visibility corner location suitable for retail, service, or office.

    701 Bangs Ave, Asbury Park, NJ 07712
    View details

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    Sakman Realty
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    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
    Sakman Realty
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