Mixed-Use Property with
New
For Sale
$3,400,000
129 Sumner Avenue #Plus Units A & B, Seaside Heights, NJ 08751
A convenience store shares the property with two furnished, three-story townhomes.
Property Size7,415 SF
Price / SF$458.53
Days on Market3
Property Features for 129 Sumner Avenue #Plus Units A & B
General Information
Standard status
Active
Size
7,415 SF
Property subtype
Commercial
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$25,080
Amenities
Central air
Corner Lot
Central Air Cooling
Covered
Forced Air Heating
On Site
On Street
Listing Agency:
RE/MAX REVOLUTION
(732) 724-9018
Listed By:
STEPHANIE SEVASTAKIS · License #345749
(732) 232-4125
Source:
Corcoran
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:34AM
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 REVOLUTION
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property brings together a convenience store and two attached, three-story townhomes. Each residence has four bedrooms and three full bathrooms, and furnishings are included. The townhomes were recently constructed.
Key Highlights
- Two attached townhomes accompany the convenience store
- Each townhome has 4 bedrooms and 3 full bathrooms
- Three‑story residential units include furnishings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,028
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,280,560
$2.3M
Cap Rate 7%
$1,628,971
$1.6M
Cap Rate 9%
$1,266,978
$1.3M
Market Conditions
NOI Build-Up for 7,415 SF
Gross rent
$222.5K $30.00/SF
− Vacancy
−$15.1K −$2.04/SF
EGI
$207.3K $27.96/SF
− OpEx
−$93.3K −$12.58/SF
NOI
$114.0K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,280,560
Cap Rate 7%
$1,628,971
Cap Rate 9%
$1,266,978
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,028 @ 7.0% cap · market cap 3.35%
Second Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,396 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,534 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 81%
Shops & Services 19%
ACME Markets
Groceries
15,228 visits/mo
0.2 miles
Spirits Unlimited
Groceries
7,882 visits/mo
0.2 miles
TD Bank
Shops & Services
2,963 visits/mo
0.1 miles
7-Eleven
Shops & Services
2,117 visits/mo
0.4 miles
Marathon
Shops & Services
263 visits/mo
0.5 miles
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A convenience store shares the property with two furnished, three-story townhomes.
Where is this mixed-use property located?
The property is located at 129 Sumner Avenue #Plus Units A & B Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two attached townhomes accompany the convenience store; Each townhome has 4 bedrooms and 3 full bathrooms; Three‑story residential units include furnishings
