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

    670 S Laurel Ave Holmdel, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant property in Holmdel, New Jersey, featuring three drive-thru lanes.

    Type:RETAIL
    Property size:
    3,970 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $491/SF
    Added:
    Apr 15, 2025
    Days on Market:
    383
    Last Refresh:
    Apr 5 at 11:02 pm

    Property Features for 670 S Laurel Ave

    General Information

    Standard status
    Active
    Size
    3,970 SF
    Lot size
    2.00 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Steven Winters
    Steven Winters

    Listing agent Steven Winters

    Listing office RIPCO Real Estate - New Jersey

    Listing date Apr 15, 2025

    Source Moodyscre

    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 RIPCO Real Estate - New Jersey

    Overview

    Holmdel Restaurant with Drive-Thru

    This 3,970 square-foot property in Holmdel, New Jersey, is zoned O-30 Office District and features signalized access. The property includes three drive-thru lanes and will be delivered vacant. It is suitable for use as a drive-through restaurant or other retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TD Bank Bank Susan Baldwin - Mortgage ... Loan Service Anthony Whaley - TD ... Financial Advisor TD Bank ATM Atm Nick Rounds - TD ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Holmdel
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.1412
    Latitude
    40.4106

    Nearby Similar for Sale

    • $269,900
      871 SF

      Holmdel Office with Exam Rooms

      First floor office space featuring exam and reception areas.
      721 N Beers Street, Holmdel, NJ 07733
      View Details
    • $1,875,000
      6,020 SF

      Holmdel Office/Retail Opportunity on Highway

      Two-story, 6,020 SF building on almost two acres.
      2135 State Route 35, Holmdel, NJ 07733
      View Details
    • $269,900
      871 SF

      Holmdel First Floor Office Space

      First floor office with reception, exam rooms, and parking.
      721 N Beers Street #1B, Holmdel, NJ 07733
      View Details
    • $19,000
      2,200 SF

      Holmdel Restaurant Opportunity For Sale

      Established restaurant in prime Holmdel location with high visibility.
      487 Middle Road, Holmdel, NJ 07733
      View Details
    • $2,885,000

      Holmdel Land with Equestrian Amenities

      14 acres with equestrian facilities, farmhouse, and barns.
      5 Pleasant Valley Road, Holmdel, NJ 07733
      View Details
    • $299,900
      871 SF

      Holmdel First Floor Office Space

      First floor office space with reception, exam rooms, and parking.
      721 N Beers Street #1B, Holmdel, NJ 07733
      View Details
    • $499,900
      1,716 SF

      Well-Maintained Town Home in Holmdel

      Two-bedroom townhome with garage, private deck, and desirable location.
      47 Alpine Road 158, Holmdel, NJ 07733
      View Details
    • $2,885,000
      2,500 SF

      Equestrian Property with Riding Rink

      14-acre equestrian property featuring a regulation-size riding rink.
      5 Pleasant Valley Road, Holmdel, NJ 07733
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant property in Holmdel, New Jersey, featuring three drive-thru lanes.
    Where is this drive through restaurant located?
    The property is located at 670 S Laurel Ave Holmdel, NJ.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 3 Drive‑Thru Lanes; Delivered Vacant; Zoned O‑30 Office District
    (732) 768-9898 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Winters
    Steven Winters
    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

    Thank You for Inquiry

    670 S Laurel Ave, Holmdel, NJ

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!