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    11111 Broadway Rd Long Branch, NJ 07740

    View on Map
    Sponsored
    For Sale
    $575,000

    Retail - Long Branch, NJ

    Type:Retail
    Property size:
    5,360 SF
    Days on Market:
    4
    Last Refresh:
    Mar 25 at 11:06 pm

    Property Features for 11111 Broadway Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    C-1
    APN
    2700246000000008
    Parking features
    Open, Paved or Surfaced
    Size
    5,360 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MALAV KANUGA

    Best Realty D.B.A. RE/MAX Best Realty

    Listing agent MALAV KANUGA

    Listing date Mar 22, 2026

    MLS# 2612602R Listing URL

    Copyright © 2026 All Jersey 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

    Profitable Pharmacy in Prime Location

    An established independent pharmacy is available for sale, having operated continuously for over 20 years. The pharmacy is situated in a highly desirable, high-visibility prime medical and senior care corridor. In 2025, the pharmacy generated approximately $2.7 million in gross sales, maintaining a consistent prescription volume and stable third-party relationships. The location benefits from its proximity to multiple adult day care centers, federally qualified health centers, senior housing communities, and specialized treatment clinics, which provide a reliable and recurring referral base. The property is zoned C-1. The building is approximately 4000 square feet and includes ample parking. The pharmacy has strong generic dispensing rates. This location offers strong long-term growth potential, including opportunities to expand into long-term care, specialty pharmacy services, adherence packaging, delivery programs, and clinical services. It is located in Long Branch, New Jersey. This presents an opportunity for an experienced pharmacist or multi-store owner to acquire a long-established, profitable pharmacy with upside potential through dynamic ownership and basic marketing efforts. There is limited competition in the immediate area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Similar Places Nearby

    Barnabas Health Retail Pharmacy at Monmouth Medical Center, Andrew I. Silver, RPH, Walgreens Pharmacy, John Karpus, HerbaLife LIFE nutrition

    Map

    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.096704
    Latitude
    40.206288

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    FAQs

    What type of property is this?
    Drug store - Established pharmacy for sale in high-visibility medical corridor.
    Where is this drug store located?
    The property is located at 11111 Broadway Rd Long Branch, NJ.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Established pharmacy with 20+ years of continuous operation and approximately $2.7 million in gross sales (2025).; - Prime location in a high-visibility medical and senior care corridor.; - Strong referral base due to proximity to adult day care centers, health centers, senior housing, and specialized clinics.
    (908) 202-5738
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    11111 Broadway Rd Long Branch, NJ 07740
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    Long Branch, NJ 07740
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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
    11111 Broadway Rd Long Branch, NJ 07740
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