Fully Leased Neptune City
306-310 W Sylvania Avenue Neptune City, NJ 07753
For Sale
$1,500,000
COMMERCIAL - Neptune City, NJ
Property Size5,400 SF
Price / SF$277.78
Days on Market95
Property Features for 306-310 W Sylvania Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- 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
(732) 387-3807
Listed By:
Chris Katz · License #0681073
(732) 387-3807
Added: Apr 20
Changed: Apr 21
Last Checked: Jul 23 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a fully leased commercial strip center in Neptune City, New Jersey. The property is located in a high-traffic corridor, minutes from Route 18, the Garden State Parkway, and Jersey Shore University Medical Center. The property offers immediate, stable cash flow. The center features excellent visibility and accessibility and is surrounded by strong retail, medical, and residential development. The property is a turnkey investment with long-term tenants in place, providing reliable income and minimal management.
Key Highlights
- Fully leased commercial strip center providing immediate, stable cash flow.
- Located in a high‑traffic corridor in Neptune, NJ.
- Minutes from Route 18, the Garden State Parkway, and Jersey Shore University Medical Center.
Financial Insights For Retail
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 | $116.6k | $21.60 |
| − Vacancy | −$6.5k | −$1.21 |
| EGI | $110.1k | $20.39 |
| − OpEx | −$33.0k | −$6.12 |
| NOI | $77.1k | $14.27 |
5,400 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$963.5K – $1.28M
NOI $77,076 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Fully leased commercial strip center in Neptune City, New Jersey.
Where is this strip mall 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 $1,500,000.
What are key features of this property?
This property features: Fully leased commercial strip center providing immediate, stable cash flow.; Located in a high‑traffic corridor in Neptune, NJ.; Minutes from Route 18, the Garden State Parkway, and Jersey Shore University Medical Center.
