Corner Retail-Warehouse Flex
3502 W Bangs Ave Neptune, NJ 07753
3502 W Bangs Ave, Neptune, NJ, 07753
$2,999,000
For Sale
$2,999,000
Vacant corner flex building with drive-in doors and flexible open space, suited for distribution or retail uses.
Property Size10,000 SF
Lot Size1.00 Acre
Price / SF$299.90
Days on Market42
Property Features for 3502 W Bangs Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Listing agency
Douglas Elliman of NJ LLC
(732) 859-8505
Listed by
Chris Katz · License #0681073
(732) 859-8505
Source
Elliman
Added: Jun 12 Updated: Jul 10 at 1:55PM Checked: Jul 22 at 1:03PM
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 Douglas Elliman of NJ LLC
Investment Insights
Based on property information with market context.
This vacant retail/warehouse/flex property is offered for sale in excellent condition and sits on approximately one acre. The building includes flexible open space designed for adaptable operations and five overhead drive-in doors for efficient loading and unloading. A loft area provides additional space for storage. In addition, there is a previous residential structure on site that may be suitable for residential or office reuse, subject to buyer due diligence with the township regarding permitted uses.
The property is located in a highly visible corner position along Route 33. Access is supported by proximity to major roadways, including the Garden State Parkway, Route 18, and Route 35, which can be helpful for business operations that rely on regional connectivity.
With multiple overhead doors and flexible interior layout, the space may fit owner-users seeking warehouse and retail flexibility in one location. The on-site loft storage can support additional inventory or operational needs, while the separate residential structure offers an alternate reuse concept that would require confirmation of allowable uses with the township.
The property is located in a highly visible corner position along Route 33. Access is supported by proximity to major roadways, including the Garden State Parkway, Route 18, and Route 35, which can be helpful for business operations that rely on regional connectivity.
With multiple overhead doors and flexible interior layout, the space may fit owner-users seeking warehouse and retail flexibility in one location. The on-site loft storage can support additional inventory or operational needs, while the separate residential structure offers an alternate reuse concept that would require confirmation of allowable uses with the township.
Key Highlights
- Vacant approx. 10,000 SF retail/warehouse/flex building on 1 acre
- Corner location along Route 33 with 5 overhead drive‑in doors
- Flexible open space plus a loft area for additional storage
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $325.2k | $32.52 |
| − Vacancy | −$72.8k | −$7.28 |
| EGI | $252.4k | $25.24 |
| − OpEx | −$88.3k | −$8.83 |
| NOI | $164.0k | $16.40 |
10,000 SF · lease $32.52/SF/yr · vacancy 22.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.34M
$2.05M – $2.73M
NOI $164,031 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$2.04M
$1.78M – $2.38M
NOI $142,733 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
All American Turf
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Pepe Events, Catering by Jeanie LLC. — 107 iris dr, neptune township, nj 07753
- Pepe Events, Designer Catering by Jeanie — 107 Iris Dr, Neptune City, NJ 07753
FAQs
What type of property is this?
Flex space - Vacant corner flex building with drive-in doors and flexible open space, suited for distribution or retail uses.
Where is this flex space located?
The property is located at 3502 W Bangs Ave Neptune, 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: Vacant approx. 10,000 SF retail/warehouse/flex building on 1 acre; Corner location along Route 33 with 5 overhead drive‑in doors; Flexible open space plus a loft area for additional storage
