Turnkey Landscape Business &
For Sale
$900,000
763 Hulses Corner Road, Wall Township, NJ 07731
2620 SF Agricultural, Residential - Income, Mixed Use For Sale
Property Size2,620 SF
Price / SF$343.51
Days on Market653
Property Features for 763 Hulses Corner Road
General Information
Standard status
Active
Property type
Other mixed-use properties, Other agricultural properties, Residential income homes, Mixed-use properties, Agricultural properties, Investment properties
Size
2,620 SF
Elevators
N/A
Listed By:
Michael Little
(732) 267-3980
Added: Jan 8, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
Located in Howell Township, NJ, this mixed-use property features a turnkey landscape design and hardscape company. The property spans 6 acres and includes over 2,620 square feet of combined residential and office/garage buildings, along with an additional 900+ square feet of hoop fabric garages used for storage. A rented residential home on the property generates passive income, supplemented by income from several commercial tenants. The sale encompasses the established business, including its revenue and profit streams, inventory, equipment, and existing client records. The property is equipped with irrigation, septic systems, and two deep wells. With over 30 years of experience, the business serves a high-net-worth clientele in Monmouth County, specializing in large-scale landscape and hardscape installations and maintenance. The current owner is willing to remain as a consultant to facilitate a smooth transition. The business currently operates with limited advertising and marketing, presenting a growth opportunity for a new owner interested in expansion and marketing efforts. Detailed financial information, including revenue, expenses, inventory, tenant income, and customer records, will be provided upon request, subject to a signed NDA and proof of funds/prequalification. The property is located at 763 Hulses Corner Road.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,849
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,980
$877.0K
Cap Rate 7%
$626,414
$626.4K
Cap Rate 9%
$487,211
$487.2K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$67.0K $25.56/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$62.6K $23.91/SF
− OpEx
−$18.8K −$7.17/SF
NOI
$43.8K $16.74/SF
Area
Monmouth County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,980
Cap Rate 7%
$626,414
Cap Rate 9%
$487,211
Alternative Uses
Best Use
Multifamily LT 5
$626.4K
$548.1K – $730.8K
NOI $43,849 @ 7.0% cap · market cap 4.87%
Second Best
Mixed Use
$505.3K
$442.1K – $589.5K
NOI $35,370 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$684.1K
$598.6K – $798.2K
NOI $47,889 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
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Business Placement
Demographics for 07731, NJ
39,677
Population
14,102
Households
2.8
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
31.8 sq mi
ZIP Area
1,248
Density / Sq Mi
$130,064
Median Household Income
$57,228
Median Earnings
$2,619
Median Rent
$454,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 2620 SF Agricultural, Residential - Income, Mixed Use For Sale
Where is this mixed-use property located?
The property is located at 763 Hulses Corner Road Wall Township, NJ.
What is the asking price?
The asking price for this property is $900,000.
