Add Listing
    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

    1201 Corlies Ave Neptune, NJ 07753

    View on Map
    Sponsored
    For Sale
    $450,000

    Retail - Neptune, NJ

    Type:Retail
    Property size:
    1 SF
    Days on Market:
    3
    Last Refresh:
    Mar 16 at 3:06 am

    Property Features for 1201 Corlies Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    R5
    APN
    3500512000000011
    Parking
    12
    Size
    1 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MALAV KANUGA

    Best Realty D.B.A. RE/MAX Best Realty (908) 202-5738

    Listing agent MALAV KANUGA (732) 819-8895

    Listing date Mar 14, 2026

    MLS# 2612165R 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

    Retail Space in Neptune, NJ

    This commercial real estate offering features a retail space located in Neptune, New Jersey. The property, situated in Monmouth County, encompasses approximately 1 square feet of space. The zoning is designated as R5. The property is located in the 07753 postal code area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Neptune
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.01633
    Latitude
    40.210109

    Nearby Similar for Sale

    • New
      $799,000
      4,300 SF

      Corner Storefront in High-Traffic Area

      4,300 SF corner storefront property in Neptune Township, NJ.
      500 State Route 35, Neptune, NJ 07753
      View Details
    • $925,000
      1,470 SF

      Established Animal Hospital For Sale

      Fully operational animal hospital with strong local presence in Neptune.
      317 Route 35, Neptune, NJ 07753
      View Details
    • $5,500,000
      17,287 SF

      Prime Commercial Property in Neptune

      17,000+ sq ft property with leased space and offices.
      3443 State Route 66, Neptune, NJ 07753
      View Details
    • New
      $699,000
      2,782 SF

      Mixed-Use Redevelopment Opportunity

      High-visibility mixed-use property near Route 35 in Neptune Township.
      1324 Corlies Ave, Neptune, NJ 07753
      View Details
    • $899,000
      3,857 SF

      Mixed-Use Property on Route 35

      Retail, garages, apartment, and house on a corner lot.
      1323 7Th Ave, Neptune, NJ 07753
      View Details
    • $775,000
      Pending

      Mixed-Use Property in Neptune Township

      Income-generating property with retail and residential units in Neptune Township.
      1528 Monroe Ave, Neptune, NJ 07753
      View Details
    • New
      $775,000
      Pending

      Mixed-Use Property in Neptune Township

      Income-generating property with retail and residential units in Neptune Township.
      1528 Monroe Ave, Neptune, NJ 07753
      View Details
    • $535,000
      Pending

      Neptune Township Duplex Opportunity

      Charming 6 bed, 2 bath duplex with income potential.
      1417 7Th Ave, Neptune, NJ 07753
      View Details
    • $480,000
      1,552 SF

      Neptune Township Multi-Family Home

      Legal two-family home in a prime Neptune Township location.
      611 Bingham St, Neptune, NJ 07753
      View Details
    • $390,000
      Pending

      Two Detached Houses on One Lot

      Two detached houses on one lot in Neptune Township, NJ.
      1702 Summerfield Ave, Neptune, NJ 07753
      View Details
    • $679,999
      Pending

      Renovated Two-Family Property in Neptune

      Renovated two-family property perfect for investors or owner-occupants.
      1316 Monroe Ave, Neptune, NJ 07753
      View Details
    • $100,000

      Established Salon in Neptune Township

      Premier salon for sale in vibrant Neptune Township, New Jersey.
      3705 Rte 33, Neptune, NJ 07753
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for sale in Neptune, New Jersey.
    Where is this retail space located?
    The property is located at 1201 Corlies Ave Neptune, NJ.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Location: -74.01633, 40.21011
    (908) 202-5738
    Request Owner's contact information
    1201 Corlies Ave Neptune, NJ 07753
    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.
    1201 Corlies Ave
    Neptune, NJ 07753
    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
    1201 Corlies Ave Neptune, NJ 07753
    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
    MALAV KANUGA
    (908) 202-5738 (732) 819-8895
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!