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

    11-23 Norwood Avenue Long Branch, NJ 7740

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,999,000

    Fully leased commercial building in a high-traffic area.

    Type:Commercial
    Property size:
    5,685 SF
    Added:
    Apr 2, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 2 at 8:09 pm

    Property Features for 11-23 Norwood Avenue

    General Information

    Standard status
    Active
    Size
    5,685 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1944

    We can help!

    Listing Contact
    TIFFANY A TOMAINI
    TIFFANY A TOMAINI

    Listing agent TIFFANY A TOMAINI License #1325479

    Listing office RE/MAX SYNERGY

    Listing date Apr 2, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SYNERGY

    Overview

    Turnkey Investment in Long Branch

    This is a fully leased, income-producing commercial building located in a high-traffic C-1 zone in Long Branch. The property features three fully occupied units, providing immediate cash flow. Situated in a corridor with shops and restaurants, the location benefits from strong foot and vehicle traffic. The property size is 5685 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront 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.

    Similar Places Nearby

    • Rosita`s Flower Shop — 210 Broadway, Long Branch, NJ 07740
    • Besos dulces flowers & gifts — 192 Belmont Ave a1, Long Branch, NJ 07740
    • LILI'S FLOWER SHOP — 492 Joline Ave, Long Branch, NJ 07740

    Location Insight

    • Map
    • Local Demand
    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -73.9914
    Latitude
    40.2954

    Nearby Similar for Sale

    • $2,890,000
      3,809 SF

      Long Branch Commercial Asset ForSale

      Commercial property in Long Branch, NJ, with redevelopment potential.
      207 N Lincoln Avenue, Long Branch, NJ 07740
      View Details
    • $2,999,000
      5,685 SF

      Long Branch Turnkey Investment Property

      Fully leased commercial building in a high-traffic Long Branch location.
      11-23 Norwood Avenue, Long Branch, NJ 07740
      View Details
    • $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, 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, 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
    • $3,950,000
      9,436 SF

      Long Branch Multifamily Investment Opportunity

      Fully occupied, newly converted 14-unit apartment building in Long Branch.
      380 Division 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

    FAQs

    What type of property is this?
    Storefront property - Fully leased commercial building in a high-traffic area.
    Where is this storefront property located?
    The property is located at 11-23 Norwood Avenue Long Branch, NJ.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: Fully leased commercial building providing immediate, reliable cash flow.; Prime location in Long Branch's thriving, high‑traffic C‑1 commercial district.; Three fully occupied units ensuring consistent income.
    (732) 795-9500
    We can help!
    Listing Contact
    TIFFANY A TOMAINI
    TIFFANY A TOMAINI
    Real Estate License ID: 1325479
    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!