Fully Leased Shopping
For Sale
$1,350,000
306-310 W Sylvania Avenue, Neptune City, NJ 07753
Commercial Sale, Neptune City, NJ
Property Size5,400 SF
Price / SF$250
Days on Market187
Property Features for 306-310 W Sylvania Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
West Sylvania
Standard status
Active
APN
36-00118-0000-00012
Size
5,400 SF
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Listing Agency:
Douglas Elliman of NJ LLC
Listed By:
Chris Katz
(732) 387-3807
Added: Apr 20
Changed: Oct 13
Last Checked: Oct 23 at 12:06PM
MLS# 22611074
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,400-square-foot shopping center is fully leased and configured as a multi-tenant commercial property. Existing occupancy provides an established tenant base, while the center’s retail format supports a range of storefront businesses. On-site parking is included, and the property is served by public water and public sewer.
The center is positioned along a high-traffic corridor in Neptune City, with access to Route 18 and the Garden State Parkway. Jersey Shore University Medical Center is also nearby, along with surrounding retail, medical, and residential development. The property is located at 306-310 W Sylvania Avenue in Monmouth County, New Jersey.
The center is positioned along a high-traffic corridor in Neptune City, with access to Route 18 and the Garden State Parkway. Jersey Shore University Medical Center is also nearby, along with surrounding retail, medical, and residential development. The property is located at 306-310 W Sylvania Avenue in Monmouth County, New Jersey.
Key Highlights
- Fully leased 5,400‑square‑foot shopping center
- Multi‑tenant retail center with long‑term tenants in place
- On‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,076
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,520
$1.5M
Cap Rate 7%
$1,101,086
$1.1M
Cap Rate 9%
$856,400
$856.4K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$116.6K $21.60/SF
− Vacancy
−$6.5K −$1.21/SF
EGI
$110.1K $20.39/SF
− OpEx
−$33.0K −$6.12/SF
NOI
$77.1K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,541,520
Cap Rate 7%
$1,101,086
Cap Rate 9%
$856,400
Alternative Uses
Best Use
Retail
$1.10M
$963.5K – $1.28M
NOI $77,076 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 34%
Dollar General Market
Groceries
5,684 visits/mo
0.1 miles
Exxon
Shops & Services
5,292 visits/mo
0.2 miles
Wells Fargo
Shops & Services
4,870 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
835 visits/mo
0.3 miles
Demographics for 07753, NJ
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
2,337
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Plaza 33 — 300 W Sylvania Ave, Neptune City, NJ 07753
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with on-site parking and public water and sewer service.
Where is this shopping center located?
The property is located at 306-310 W Sylvania Avenue Neptune City, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully leased 5,400‑square‑foot shopping center; Multi‑tenant retail center with long‑term tenants in place; On‑site parking lot
