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

    641 Beach Ave Manahawkin, NJ 08050

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $674,000

    Commercial property with heliport, building, and parking near LBI.

    Property size:
    2,332 SF
    Lot size:
    7.47 Acres

    Property Features for 641 Beach Ave

    General Information

    Standard status
    Contract
    Size
    2,332 SF
    Lot size
    7.47 Acres

    We can help!

    Listing Contact
    Richard M Saparito
    Source: Corcoran

    Listing Agency: VAN DYK GROUP Listing Agent: Richard M Saparito

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

    Learn more

    Overview

    Unique Commercial Property Heliport Included

    This unique commercial property, formerly a specialized commercial space, features a licensed heliport, a spacious parking lot, and a 2,300 SF block building. Located in a low-traffic area with access to Long Beach Island (LBI), the property is suited for businesses catering to affluent homeowners and vacationers. The solid block building offers versatile interior space suitable for a range of businesses. The large parking lot provides convenience for guests, clients, or future operations. The property is positioned minutes from LBI's exclusive communities, popular shore destinations, and major highways. This property is suited for luxury transport services, providing a convenient way for clients to access their LBI homes. It can also support private aviation through heliport operations paired with upscale business offerings. The spacious lot and unique building can be utilized as a niche event venue. This property offers the opportunity to serve the growing demand for convenience, exclusivity, and luxury.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Manahawkin
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2577
    Latitude
    39.7102

    Nearby Similar for Sale

    • New
      $674,000
      2,332 SF

      Commercial Property with Licensed Heliport

      Unique commercial property featuring a licensed heliport and versatile building.
      641 Beach Ave, Manahawkin, NJ 08050
      View Details
    • $1,800,000
      10,398 SF

      Manahawkin Office Building on Route 72

      10,000+ SF office building on Route 72 in Manahawkin, NJ.
      675 Route 72 E, Manahawkin, NJ 08050
      View Details
    • $655,000
      2,080 SF

      Manahawkin Duplex in Beach Haven

      Duplex in ideal location with excellent rental history.
      772 Jane Dr, Manahawkin, NJ 08050
      View Details
    • $375,000

      Manahawkin Mixed-Use Investment Opportunity

      Mixed-use property in Manahawkin, zoned MU, suitable for investors.
      63 E Bay Ave, Manahawkin, NJ 08050
      View Details
    • $1,800,000
      10,398 SF

      Manahawkin Office Building For Sale

      10,000+ SF office building near Long Beach Island.
      675 Route 72 E, Manahawkin, NJ 08050
      View Details
    • $10,000,000

      Approved Cemetery Development Opportunity

      Fully approved cemetery with long-term development plan near Jersey Shore.
      1401 N Main St, Manahawkin, NJ 08050
      View Details
    • $2,100,000

      Flooring Company and Real Estate

      Turn-key flooring business with real estate and valuable inventory.
      905 E Bay Ave, Manahawkin, NJ 08050
      View Details
    • Contact for pricing
      2,463 SF

      Flooring Company and Real Estate

      Turn-key flooring business with real estate and valuable assets.
      905 E Bay Ave, Manahawkin, NJ 08050
      View Details
    • $995,000
      2,332 SF

      Manahawkin Office Building w/ Heliport

      Versatile Commercial Space, Ample Storage, Prime Location
      641 Beach Ave, Manahawkin, NJ 08050
      View Details
    • Contact for pricing
      1.02 Acres

      Manahawkin Office Space - Route 72

      Prime Office Space, Flexible Lease Options
      325 Route 72, Manahawkin, NJ 08050
      View Details
    • $750,000
      2,784 SF

      Manahawkin Mixed-Use Commercial Building

      High-Visibility Corner Location, Great Potential
      59 Main St, Manahawkin, NJ 08050
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - Commercial property with heliport, building, and parking near LBI.
    Where is this aviation real estate located?
    The property is located at 641 Beach Ave Manahawkin, NJ.
    What is the asking price?
    The asking price for this property is $674,000.
    What are key features of this property?
    This property features: - Licensed Heliport: Provides rapid access to Long Beach Island for high-net-worth individuals.; - Strategic Location: Situated near LBI's affluent communities, shore destinations, and major highways, offering convenient access and high visibility.; - Versatile 2,300 SF Building: Solid block construction provides flexible interior space.
    (609) 698-6900
    Request Owner's contact information
    641 Beach Ave Manahawkin, NJ 08050
    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.
    641 Beach Ave
    Manahawkin, NJ 08050
    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
    641 Beach Ave Manahawkin, NJ 08050
    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

    We can help!
    Listing Contact
    Richard M Saparito
    Real Estate License ID: 0343579
    (609) 698-6900 (609) 287-9847
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!