Mixed-Use Property on Route
1323 7th Avenue Neptune, NJ 07753
1323 7th Avenue, Neptune, NJ, 07753
$899,000
Pending
For Sale
$899,000
Pending
COMMERCIAL - Neptune Township, NJ
Property Size3,857 SF
Lot Size0.17 Acres
Days on Market292
Property Features for 1323 7th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Exterior features
- Display Window
- Standard status
- Pending
- APN
- 35-00411-0000-00026
- Size
- 3,857 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10321
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
Listing Agency
Keller Williams Realty Spring Lake
(848) 220-7120
2005 Route 71, Shrewsbury, NJ
Listed by
Lynn M McCabe · License #1325960
(848) 220-7120
Added: Sep 29, 2025 Checked: Jul 17 at 9:06 am
MLS# 22529512
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.
Investment Insights
Based on property information with market context.
This mixed-use property is located on a corner lot on Route 35. The lot measures 49 feet by 150 feet, totaling approximately 0.17 acres. The property includes a retail store, four garages, a two-bedroom apartment above the garages, and a separate two-bedroom house with a basement. The total property size is 3,857 square feet. The business is currently owner-occupied, and the apartment and house are leased on a month-to-month basis.
Key Highlights
- High‑visibility corner location on Route 35.
- Mixed‑use property: retail store, garages, apartment, and house.
- Income potential from leased apartment and house.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.7k | $30.00 |
| − Vacancy | −$7.9k | −$2.04 |
| EGI | $107.8k | $27.96 |
| − OpEx | −$48.5k | −$12.58 |
| NOI | $59.3k | $15.38 |
3,857 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$847.3K
$741.4K – $988.6K
NOI $59,313 @ 7.0% cap · market cap 6.60%
Second Best
Retail
$786.5K
$688.2K – $917.5K
NOI $55,052 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,500 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Retail, garages, apartment, and house on a corner lot.
Where is this mixed-use property located?
The property is located at 1323 7th Avenue Neptune, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑visibility corner location on Route 35.; Mixed‑use property: retail store, garages, apartment, and house.; Income potential from leased apartment and house.
