Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    32 Tiller Ln Brick, NJ 08723

    Sponsored
    For Sale
    $200,000

    LAND - Brick, NJ

    Lot size:
    0.19 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 20 at 7:06 am

    Property Features for 32 Tiller Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    07-00336-0000-00004
    Lot size
    0.19 Acres

    We can help!

    Listing Contact
    James Ferro

    Childers Sotheby's Int Realty (732) 341-2525

    Listing agent James Ferro (732) 295-2008

    Listing date Jan 19, 2026

    MLS# 22601723 Listing URL

    Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional 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

    Residential Land in Waterfront Community

    Located in Cherry Quay, an established residential waterfront community on Barnegat Bay, this property offers an opportunity to build a new home. The community features available boat slips, a private beach, and a boat ramp with a voluntary HOA. The flat, lightly wooded homesite measures 85 feet by 100 feet, providing a canvas for a custom coastal build or spec home. Residents can enjoy year-round or vacation living with convenient access to the Garden State Parkway (Exit 91, 4 miles away) and Atlantic Ocean beaches (Mantoloking, 5.5 miles away). The property is located in Zone X, which is not a Special Flood Hazard Area, and does not require flood insurance. Gas, electric, sewer, water, and cable are available at the street, with the buyer responsible for connection. A building permit is required through Brick Township. The adjacent lot at 36 Tiller Lane is also available, creating a rare side-by-side opportunity. The lot size is 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Brick
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.125502
    Latitude
    40.031676

    Nearby Similar for Sale

    • $99,999
      1,320 SF

      Established Salon Business For Sale

      Profitable salon business with loyal clientele in Brick, NJ.
      602 Mantoloking Rd, Brick, NJ 08723
      View Details
    • $550,000
      2,200 SF

      Mantoloking Road Commercial Opportunity

      Lucrative flower shop opportunity with training and resources available.
      570 Mantoloking Rd, Brick, NJ 08723
      View Details
    • $1,200,000
      0.18 Acres

      High-End Retail Building For Sale

      Newer construction retail building with excellent exposure and modern amenities.
      431 Mantoloking Rd, Brick, NJ 08723
      View Details
    • $579,999

      Medical Condo Investment Opportunity

      Renovated medical condo with flexible usage in Brick, NJ.
      224 Jack Martin Blvd, Brick, NJ 08724
      View Details
    • $1,650,000
      6,600 SF

      Mixed-Use Investment Property, Brick NJ

      Mixed-use property with income and expansion potential near the beach.
      253 Mantoloking Rd, Brick, NJ 08723
      View Details
    • $50,000

      Turnkey Hair Salon Business

      Renovated unisex hair salon in prime shopping mall location.
      55 Brick Blvd, Brick, NJ 08723
      View Details
    • $569,999
      0.22 Acres

      Multi-Income Mixed-Use Property

      Mixed-use property with rental income potential in a vibrant location.
      638 Mantoloking Rd, Brick, NJ 08723
      View Details
    • $629,000

      Renovated Office/Retail Building on Hooper

      Move-in ready office/retail building with frontage on Hooper Avenue.
      2597 Hooper Ave, Brick, NJ 08723
      View Details
    • $699,000

      Redone Commercial Building in Brick

      Updated commercial building with modern amenities and B-2 zoning.
      736 Mantoloking Rd, Brick, NJ 08723
      View Details
    • $2,200,000
      0.89 Acres

      Waterfront Land Parcel in Brick

      Waterfront land for sale, build your dream home!
      502 Princeton Ave, Brick, NJ 08724
      View Details
    • $550,000
      2,200 SF

      Commercial Building For Sale

      Commercial building suitable for a flower or garden shop.
      570 Mantoloking Rd, Brick, NJ 08723
      View Details
    • New
      $250,000

      Established Business with Growth Potential

      Reputable local business for sale with strong sales and loyal customers.
      2030 Route 88, Brick, NJ 08724
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land in established waterfront community with beach and boat ramp.
    Where is this residential land & home lot located?
    The property is located at 32 Tiller Ln Brick, NJ.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Waterfront community on Barnegat Bay with available boat slips, private beach & boat ramp.; - Not in a Special Flood Hazard Area (Zone X) - No flood insurance required.; - Convenient access to Garden State Parkway (Exit 91) and Atlantic Ocean beaches.
    (732) 295-2008
    Request Owner's contact information
    32 Tiller Ln Brick, NJ 08723
    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.
    32 Tiller Ln
    Brick, NJ 08723
    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
    32 Tiller Ln Brick, NJ 08723
    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
    James Ferro
    (732) 295-2008
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.