Sign Up Successful!
You now have access to more from Realmo!
    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

    1002 N Bay Avenue Beach Haven, NJ 08008

    Sponsored
    Picture of Retail properties at N Bay Avenue 1002, Beach Haven, NJ
    For Sale
    $3,195,000

    Commercial Sale - BEACH HAVEN, NJ

    Type:Retail
    Lot size:
    0.35 Acres
    Days on Market:
    224
    Last Refresh:
    Feb 3 at 4:06 am

    Property Features for 1002 N Bay Avenue

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    On Street
    Lot size
    0.35 Acres

    Building Details

    Year built
    1982
    Building materials
    Frame

    We can help!

    Listing Contact
    Jamie L Walter

    Bonanni Realtors (609) 586-4300

    Listing agent Jamie L Walter (609) 586-4300 License #SB065336

    Listing date Jun 25, 2025

    MLS# NJOC2025000

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Property in Beach Haven

    This commercial property is located in Beach Haven, New Jersey. The lot size is 0.35 acres. The property is intended for retail or other retail purposes and is situated in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Accounting Firm Kitchen & Bath Showroom Food Market Department Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Beach Haven
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.23551
    Latitude
    39.57041

    Nearby Similar for Sale

    • $2,299,000
      2,664 SF

      Oceanside Duplex Near LBI Beaches

      Expanded oceanside duplex, 10 houses from beach, turnkey ready.
      5 E Virginia Ave, Beach Haven, NJ 08008
      View Details
    • $1,249,000
      1,128 SF

      Charming Duplex Near Bay and Beach

      Duplex in Long Beach Twp, close to bay and ocean.
      20 W 87 St, Beach Haven, NJ 08008
      View Details
    • $2,495,000
      1,800 SF

      Iconic Beach Haven Coastal Gem

      Renovated multi-family property with income potential near the beach.
      222 7Th St, Beach Haven, NJ 08008
      View Details
    • $1,995,000
      2,328 SF

      Thriving Restaurant with Apartment Above

      Turn-key Italian restaurant with apartment in prime location.
      1901 Long Beach Blvd, Beach Haven, NJ 08008
      View Details
    • $745,000
      1,258 SF

      Versatile Commercial Space on Boulevard

      Prime commercial space with high visibility and flexible layout.
      12900 Long Beach Blvd, Beach Haven, NJ 08008
      View Details
    • $3,695,000
      0.60 Acres

      Long Beach Island Bar-Restaurant Opportunity

      New construction bar and restaurant with plenary license on Long Beach Island.
      8200 Long Beach Blvd, Beach Haven, NJ 08008
      View Details
    • $2,299,000

      Oceanside Duplex Near LBI Beaches

      Expanded oceanside duplex, 8 bedrooms, close to the beach.
      5 E Virginia Ave, Beach Haven, NJ 08008
      View Details
    • $1,925,000
      4,850 SF

      Mixed-Use Opportunity Near Beach

      Mixed-use property with development potential near Long Beach Island.
      2119 Long Bch Blvd, Beach Haven, NJ
      View Details
    • $775,000
      1,258 SF

      Beach Haven Terrace Commercial Space

      Versatile commercial space with high visibility and mixed-use zoning.
      12900 Long Bch Blvd, Beach Haven, NJ 08008
      View Details
    • $499,990
      931 SF

      Versatile Commercial Unit For Sale

      Commercial unit with high visibility and foot traffic.
      2504 Long Bch Blvd, Beach Haven, NJ 08008
      View Details
    • $3,695,000

      New Construction Bar-Restaurant Opportunity

      New construction bar and restaurant with plenary license for sale.
      8200 Long Bch Blvd North, Beach Haven, NJ 08008
      View Details
    • $775,000

      Versatile Commercial Space on Boulevard

      Commercial space suitable for retail or professional uses.
      12900 Long Bch Blvd 2 North, Beach Haven, NJ 08008
      View Details

    FAQs

    What type of property is this?
    Retail property - Commercial property for sale in a prime Beach Haven location.
    Where is this retail property located?
    The property is located at 1002 N Bay Avenue Beach Haven, NJ.
    What is the asking price?
    The asking price for this property is $3,195,000.
    What are key features of this property?
    This property features: - Prime location in Beach Haven; - Built in 1982; - Frame construction
    (609) 586-4300
    Request Owner's contact information
    1002 N Bay Avenue Beach Haven, NJ 08008
    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.
    1002 N Bay Avenue
    Beach Haven, NJ 08008
    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
    1002 N Bay Avenue Beach Haven, NJ 08008
    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!
    Listing Contact
    Jamie L Walter
    Real Estate License ID: SB065336
    (609) 586-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.