Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    380 Division Street Long Branch, NJ 07740

    View on Map
    For Sale
    $3,950,000

    COMMERCIAL - Long Branch, NJ

    Property size:
    9,436 SF
    Lot size:
    0.34 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 380 Division Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Rooms
    Basement
    Parking
    8
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    27-00190-0000-00007
    Size
    9,436 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    23508

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Floors in Building
    2
    Building materials
    Brick, Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Charlotte Toomey

    Listing agent Charlotte Toomey

    Listing office EXP Realty 28 Valley Road, Suite 1, Montclair, NJ

    Listing date Jan 26, 2026

    MLS# 22602341

    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.

    Overview

    Long Branch Multifamily Investment Opportunity

    Located in Long Branch, New Jersey, 380 Division Street presents a 1031 exchange opportunity. This fully occupied, 14-unit apartment building was converted from a convent in 2023. The property features modern interiors, upgraded systems, and strong life-safety infrastructure, along with institutional-grade security. The building has a low annual operating expenses and a unit mix that is one-bedroom-heavy. The property contains 9,436 square feet of space and sits on a 0.34-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -73.9948165
    Latitude
    40.2990006

    Nearby Similar for Sale

    • $85,000
      5,638 SF

      Operating Restaurant Near Long Branch Beach

      Fully equipped restaurant for sale, steps from the beach.
      103 W End Avenue, Long Branch, NJ 07740
      View Details
    • $149,000

      Turnkey Restaurant & Pizzeria Opportunity

      High-end restaurant and pizzeria in a prime Long Branch location.
      11 Norwood Avenue, Long Branch, NJ 07740
      View Details
    • $1,400,000
      1,743 SF

      Established Retail Business Opportunity

      Pet specialty retail business for sale in coastal destination.
      15 Morris Avenue, Long Branch City, NJ 07740-3802
      View Details
    • $1,400,000
      1,743 SF

      Established Retail Business For Sale

      Pet specialty retail business in a prime coastal location.
      15 Morris Avenue, Long Branch, NJ 07740
      View Details
    • $1,400,000

      Established Retail Business For Sale

      Pet specialty retail business in a prime coastal location.
      15 Morris Avenue unit: 119, Long Branch, NJ 07740
      View Details
    • $650,000
      1,733 SF

      Long Branch Multifamily For Sale

      Multifamily property in Long Branch, NJ, with 1,733 square feet.
      138 Atlantic Avenue, Long Branch, NJ 07740
      View Details
    • $1,550,000
      3,121 SF

      Mixed-Use Asset Near Long Branch

      Fully occupied mixed-use property near Long Branch Station and beach.
      237 3rd Avenue unit: 1-4, Long Branch, NJ 07740
      View Details
    • $985,000
      1,680 SF

      Riverfront Commercial Building in Long Branch

      Riverfront commercial building on over 1/3 acre lot.
      401 Liberty Street, Long Branch, NJ 07740
      View Details
    • $749,910

      Victorian Multi-Family Property on Large Lot

      Two-family Victorian on a large lot with redevelopment potential.
      80 Atlantic Avenue, Long Branch, NJ 07740
      View Details
    • $799,999
      2,040 SF

      Renovated Two-Family Home Near Beaches

      Fully renovated two-family home in desirable Long Branch location.
      491 Patten Avenue, Long Branch, NJ 07740
      View Details
    • $2,850,000
      9,052 SF

      Iconic Church and Parsonage

      Unique property in Long Branch with endless possibilities.
      55 Atlantic Avenue, Long Branch, NJ 07740
      View Details
    • $1,550,000

      Mixed-Use Investment Opportunity

      Fully occupied mixed-use property near Long Branch Station and beach.
      237 3RD AVE, LONG BRANCH CITY, NJ 07740
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied, newly converted 14-unit apartment building in Long Branch.
    Where is this apartment building located?
    The property is located at 380 Division Street Long Branch, NJ.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Fully occupied 14‑unit apartment building providing immediate, stable income.; Newer conversion (2023) from a convent, featuring modern interiors and upgraded systems.; Low annual operating expenses, maximizing cash flow.
    (866) 201-6210
    We can help!
    Listing Contact
    Charlotte Toomey
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!