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    Multi-Use Property in Tinton Falls Title is generated by Realmo AI

    1106 Pinebrook Road, Tinton Falls, NJ 07724

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    Claim this Listing
    For Sale
    $1,600,000

    COMMERCIAL - Tinton Falls, NJ

    Property size:
    6,000 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $266/SF
    Added:
    Dec 29, 2025
    Days on Market:
    148
    Last Refresh:
    May 26 at 3:06 pm

    Property Features for 1106 Pinebrook Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security System
    Window features
    Insulated Windows
    Exterior features
    Display Window
    Fencing
    Fenced
    Standard status
    Active
    APN
    35-03507-0000-00003
    Size
    6,000 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8882

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    2
    Flooring type
    Vinyl, Tile
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Teresa Goolcharan

    Listing agent Teresa Goolcharan

    Listing office Graham Hearst RE Company 1101 E Landis Avenue, South Vineland, NJ

    Listing date Dec 29, 2025

    MLS# 22537449

    Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Flexible zoning offers various possibilities (retail, office, light commercial, mixed use - subject to approvals).
    • Strategically positioned in a highly accessible area of Tinton Falls near residential communities and retail.
    • Close proximity to the parkway for quick access to major corridors.
    • Redevelopment plans suggest long‑term growth potential.
    • Public water and sewer.
    • Display window.

    Overview

    This multi-use property, offered in ''as is'' condition, is located in Tinton Falls, NJ. The property's zoning allows for retail, office, light commercial, or mixed-use development, subject to local approvals. Situated in a highly accessible area, the property is surrounded by established residential communities and nearby retail destinations. It also offers close proximity to the parkway, providing quick connectivity and access to major corridors throughout New Jersey. The property has a lot size of 0.12 acres and a building size of 6,000 square feet. Consider the redevelopment plans for this area to see the long-term growth potential. This property is suited for entrepreneurs and investors seeking value in one of Monmouth County's most booming locations.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.02M
    NOI $91,800 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.31M
    NOI $91,800 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.84M
    NOI $91,800 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $180.0k $30.00
    − Vacancy −$57.6k −$9.60
    EGI $122.4k $20.40
    − OpEx −$30.6k −$5.10
    NOI $91.8k $15.30
    6,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,800 @ 7.0% cap · market cap 5.74%
    Second Best
    Retail
    $1.22M
    $1.07M – $1.43M (±1% cap)
    NOI $85,640 @ 7.0% cap · market cap 5.35%
    Theoretical Best
    Office A
    $1.57M
    $1.37M – $1.83M (±1% cap)
    NOI $109,670 @ 7.0% cap · market cap 6.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tinton Falls
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.078714
    Latitude
    40.291418

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    • $1,600,000
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      Multi-Use Property in Tinton Falls

      Multi-use property in accessible Tinton Falls location, ready for redevelopment.
      1106 Pinebrook Road, Tinton Falls, NJ 07724
      View Details
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    FAQs

    What type of property is this?
    Retail property - Multi-use property in accessible Tinton Falls location, ready for redevelopment.
    Where is this retail property located?
    The property is located at 1106 Pinebrook Road Tinton Falls, NJ.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Flexible zoning offers various possibilities (retail, office, light commercial, mixed use - subject to approvals).; Strategically positioned in a highly accessible area of Tinton Falls near residential communities and retail.; Close proximity to the parkway for quick access to major corridors.
    (856) 616-2626
    We can help!
    Listing Contact
    Teresa Goolcharan
    Request Owner's contact information
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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
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