Corner Mixed-Use Retail
For Sale
Contact for pricing
1900 SR 35, Wall Township, NJ 07719
Mixed-use building on a busy Route 35 corner includes retail space, a rental apartment, and a separate residential house.
Property Size2,637 SF
Price / SF$492.98
Days on Market499
Property Features for 1900 SR 35
General Information
Standard status
Active
Size
2,637 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Sitar Realty Company - Corporate
(732) 283-9000
Listed By:
Ronald Schrader Jr.
(732) 859-1781
Source:
Moodyscre
Added: May 2, 2025
Changed: Sep 5
Last Checked: Sep 11 at 11:51AM
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 Sitar Realty Company - Corporate
Investment Insights
Based on property information with market context.
This mixed-use building is offered for sale or lease and is positioned on a corner along Route 35. The property includes retail space plus a rental apartment, and it also features a separate residential house intended to be redeveloped.
The site is described as being on a heavily traveled Highway 35 corridor at a busy intersection. Access is noted to nearby Routes 138/195, 34, 18, 71, and the Garden State Parkway.
For redevelopment or repositioning, the asset provides both retail and residential components within a corner configuration.
The site is described as being on a heavily traveled Highway 35 corridor at a busy intersection. Access is noted to nearby Routes 138/195, 34, 18, 71, and the Garden State Parkway.
For redevelopment or repositioning, the asset provides both retail and residential components within a corner configuration.
Key Highlights
- Mixed‑use building on a busy Route 35 corner, offered for sale or lease
- Includes retail space plus a rental apartment
- Separate residential house on‑site, to be redeveloped
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,780
$752.8K
Cap Rate 7%
$537,700
$537.7K
Cap Rate 9%
$418,211
$418.2K
Market Conditions
NOI Build-Up for 2,637 SF
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.
Gross rent
$57.0K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$53.8K $20.39/SF
− OpEx
−$16.1K −$6.12/SF
NOI
$37.6K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,780
Cap Rate 7%
$537,700
Cap Rate 9%
$418,211
Alternative Uses
Best Use
Retail
$537.7K
$470.5K – $627.3K
NOI $37,639 @ 7.0% cap · market cap 2.90%
Second Best
Mixed Use
$508.6K
$445.0K – $593.3K
NOI $35,600 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$688.6K
$602.5K – $803.3K
NOI $48,200 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
258k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 26%
Superstores 21%
Dining 20%
Shops & Services 19%
Target
Superstores
54,767 visits/mo
0.4 miles
Whole Foods Market
Groceries
45,999 visits/mo
0.5 miles
T.J. Maxx
Apparel
27,535 visits/mo
0.4 miles
Aldi
Groceries
20,898 visits/mo
0.3 miles
Dollar Tree
Shops & Services
18,542 visits/mo
0.5 miles
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building on a busy Route 35 corner includes retail space, a rental apartment, and a separate residential house.
Where is this mixed-use property located?
The property is located at 1900 SR 35 Wall Township, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use building on a busy Route 35 corner, offered for sale or lease; Includes retail space plus a rental apartment; Separate residential house on‑site, to be redeveloped
