General Commercial
For Sale
$1,200,000
401 Richmond Avenue, Point Pleasant Beach, NJ 08742
COMMERCIAL - Point Pleasant Beach, NJ
Property Size3,378 SF
Lot Size0.34 Acres
Price / SF$355.24
Days on Market437
Property Features for 401 Richmond Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Route 35 South, Corner of Richmond Ave (Route 35) and McClean Ave
Subdivision
Pt Pleasant Bch
Standard status
Active
APN
26-00093-0000-00011
Size
3,378 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
15462
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Listing Agency:
Real Broker, LLC- Red Bank
(855) 653-6723
Listed By:
Juan Sardo
(855) 653-6723
Added: Jun 13, 2025
Changed: Aug 4
Last Checked: Aug 23 at 3:06PM
MLS# 22517518
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 0.34-acre commercial property at 401 Richmond Avenue offers general commercial zoning and a 3,378-square-foot property size. The site includes an existing improvement associated with a 1990 construction date and is offered in as-is condition, allowing the next owner to determine its future configuration.
Public water and public sewer serve the property. Its downtown Point Pleasant Beach setting supports consideration of commercial redevelopment or reuse, subject to applicable approvals and site requirements.
Public water and public sewer serve the property. Its downtown Point Pleasant Beach setting supports consideration of commercial redevelopment or reuse, subject to applicable approvals and site requirements.
Key Highlights
- 0.34‑acre commercial property at 401 Richmond Avenue, Point Pleasant Beach, NJ 08742
- General commercial zoning
- 3,378‑square‑foot property size
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
$48,215
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
4.02%
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%
$964,300
$964.3K
Cap Rate 7%
$688,786
$688.8K
Cap Rate 9%
$535,722
$535.7K
Market Conditions
NOI Build-Up for 3,378 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
$73.0K $21.60/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$68.9K $20.39/SF
− OpEx
−$20.7K −$6.12/SF
NOI
$48.2K $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%
$964,300
Cap Rate 7%
$688,786
Cap Rate 9%
$535,722
Alternative Uses
Best Use
Retail
$688.8K
$602.7K – $803.6K
NOI $48,215 @ 7.0% cap · market cap 4.02%
Second Best
Industrial
$541.7K
$474.0K – $631.9K
NOI $37,916 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$882.1K
$771.8K – $1.03M
NOI $61,744 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 39%
Home Improvements & Furnishings 2%
Dunkin' Donuts
Dining
14,724 visits/mo
0.3 miles
Exxon
Shops & Services
10,796 visits/mo
0.4 miles
Sunoco
Shops & Services
6,741 visits/mo
0.3 miles
Dollar General
Shops & Services
5,460 visits/mo
0.2 miles
Jersey Mike's Subs
Dining
4,023 visits/mo
0.4 miles
Demographics for 08742, NJ
25,056
Population
12,604
Households
2
Avg Household Size
46
Median Age
52%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
4,474
Density / Sq Mi
$111,983
Median Household Income
$57,547
Median Earnings
$1,879
Median Rent
$576,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - General commercial zoning with public water and sewer service in downtown Point Pleasant Beach.
Where is this commercial land located?
The property is located at 401 Richmond Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 0.34‑acre commercial property at 401 Richmond Avenue, Point Pleasant Beach, NJ 08742; General commercial zoning; 3,378‑square‑foot property size
