Storefront Property with Display
For Sale
$1,099,999
3561 Route 35, Lavallette, NJ 08735
Commercial Sale, Lavallette, NJ
Property Size4,342 SF
Lot Size0.22 Acres
Price / SF$253.34
Days on Market47
Property Features for 3561 Route 35
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Single Family, Retail, Residential, Professional, Commercial
Parking
10
Parking features
Off Street
Exterior features
Display Window
Fireplace
1
Basement
Crawl Space
Lot features
Irregular Lot, Highway Frontage, Possible Subdivision
Directions
rt 35N on the left hand side in Silver Beach across from Island Burger.
Subdivision
Shn Silver Bch
Standard status
Active
APN
08-00920-09-00017
Size
4,342 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Space Heater, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Concrete
Roof type
Flat, Asphalt
Listing Agency:
Diane Turton, Realtors-Avon
(732) 774-0246
Listed By:
Paul Firetto · License #2187175
(732) 774-0246
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 28 at 6:06PM
MLS# 22621283
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 4,342-square-foot storefront property occupies a 0.22-acre parcel and was built in 1952. The building includes display windows, concrete flooring, a flat asphalt roof, central air, forced-air heating, and a fireplace. Public water and sewer serve the property.
The site fronts Route 35 and provides off-street parking with access from the roadway. Its location is within walking distance of the beach and in the Silver Beach area of Lavallette. The building has approval to accommodate multiple types of businesses, supporting a range of commercial applications.
The site fronts Route 35 and provides off-street parking with access from the roadway. Its location is within walking distance of the beach and in the Silver Beach area of Lavallette. The building has approval to accommodate multiple types of businesses, supporting a range of commercial applications.
Key Highlights
- 4,342‑square‑foot storefront building on a 0.22‑acre parcel
- Approval for multiple types of businesses
- Display windows and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,500
$1.2M
Cap Rate 7%
$885,357
$885.4K
Cap Rate 9%
$688,611
$688.6K
Market Conditions
NOI Build-Up for 4,342 SF
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.
Gross rent
$93.8K $21.60/SF
− Vacancy
−$5.3K −$1.21/SF
EGI
$88.5K $20.39/SF
− OpEx
−$26.6K −$6.12/SF
NOI
$62.0K $14.27/SF
Area
Ocean 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,500
Cap Rate 7%
$885,357
Cap Rate 9%
$688,611
Alternative Uses
Best Use
Retail
$885.4K
$774.7K – $1.03M
NOI $61,975 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$992.1K – $1.32M
NOI $79,365 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
15,357 visits/mo
0.2 miles
Demographics for 08735, NJ
3,064
Population
7,244
Households
0.4
Avg Household Size
64
Median Age
50%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
1,802
Density / Sq Mi
$85,265
Median Household Income
$64,875
Median Earnings
$865,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building offers display windows, off-street parking, and public utilities.
Where is this storefront property located?
The property is located at 3561 Route 35 Lavallette, NJ.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: 4,342‑square‑foot storefront building on a 0.22‑acre parcel; Approval for multiple types of businesses; Display windows and concrete flooring
