Aviation Property with Heliport
For Sale
$599,000
641 BEACH Avenue, Manahawkin, NJ 08050
Commercial Sale, MANAHAWKIN, NJ
Property Size2,300 SF
Lot Size7.47 Acres
Price / SF$260.43
Days on Market636
Property Features for 641 BEACH Avenue
General Information
Property type
Other
Property subtype
Office
Parking
15
Parking features
Parking Lot
Subdivision
MANAHAWKIN
Standard status
Active
Lot size
7.47 Acres
Taxes and HOA fees
Tax Annual Amount
8968
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
heliport access
Building Details
Year built
1970
Building materials
Block
Listing Agency:
The Van Dyk Group - Barnegat
(609) 698-6900
Listed By:
Richard Saparito Jr. · License #0343579
(609) 287-9847
Added: Dec 5, 2024
Changed: Aug 19
Last Checked: Sep 2 at 7:06PM
MLS# NJOC2030550
Copyright © 2026 Bright 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 aviation-oriented commercial property includes heliport access and a block-constructed building on 7.47 acres. The facility was built in 1970 and is equipped with central air conditioning and forced-air heating, with a parking lot serving the site.
Located at 641 Beach Avenue in Manahawkin, New Jersey, the property offers a substantial land component for an aviation-related commercial operation. Its physical improvements and aviation access provide a clear basis for evaluating specialized business use.
Located at 641 Beach Avenue in Manahawkin, New Jersey, the property offers a substantial land component for an aviation-related commercial operation. Its physical improvements and aviation access provide a clear basis for evaluating specialized business use.
Key Highlights
- Heliport access supports aviation‑related commercial use
- 7.47‑acre property at 641 Beach Avenue
- 2,300+ SF block construction stated in the property remarks
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
$35,190
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
5.87%
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%
$703,800
$703.8K
Cap Rate 7%
$502,714
$502.7K
Cap Rate 9%
$391,000
$391.0K
Market Conditions
NOI Build-Up for 2,300 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
$69.0K $30.00/SF
− Vacancy
−$22.1K −$9.60/SF
EGI
$46.9K $20.40/SF
− OpEx
−$11.7K −$5.10/SF
NOI
$35.2K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$703,800
Cap Rate 7%
$502,714
Cap Rate 9%
$391,000
Alternative Uses
Best Use
Office B
$502.7K
$439.9K – $586.5K
NOI $35,190 @ 7.0% cap · market cap 5.87%
Second Best
Flex RnD
$436.2K
$381.7K – $508.9K
NOI $30,532 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$600.6K
$525.5K – $700.7K
NOI $42,040 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 08050, NJ
26,507
Population
14,182
Households
1.9
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
30.9 sq mi
ZIP Area
858
Density / Sq Mi
$115,456
Median Household Income
$60,458
Median Earnings
$1,756
Median Rent
$377,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Aviation real estate - Block-constructed commercial facility with central air, forced-air heat, and an on-site parking lot.
Where is this aviation real estate located?
The property is located at 641 BEACH Avenue Manahawkin, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Heliport access supports aviation‑related commercial use; 7.47‑acre property at 641 Beach Avenue; 2,300+ SF block construction stated in the property remarks
