Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Opportunity on Route 35 Title is generated by Realmo AI

    1301 State Route 35, Neptune, NJ 07753

    View on Map
    Claim this Listing
    For Sale
    $999,999

    Retail space and land for sale on Route 35.

    Type:Commercial
    Property size:
    1,124 SF
    Price / SF:
    $889/SF
    Added:
    May 23, 2026
    Days on Market:
    10
    Last Refresh:
    May 27 at 7:25 am

    Property Features for 1301 State Route 35

    General Information

    Standard status
    Active
    Size
    1,124 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1941

    We can help!

    Listing Contact
    MARY L DOUGHERTY

    Listing agent MARY L DOUGHERTY License #0016313

    Listing office NELSON REALTORS

    Listing date May 23, 2026

    Source Corcoran

    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 NELSON REALTORS

    HighLights

    • Rt 35 Frontage: Enjoy high visibility and accessibility on a major route.
    • North Channel Redevelopment Zone: Located in an area designated for redevelopment, suggesting potential for growth and investment.
    • Two Buildings Included: The property includes two buildings, offering flexibility for various uses.
    • Lot Included: The sale includes the land.
    • Retail Space: Currently used as retail space, providing immediate income potential.
    • Built in 1941: Historical aspect of the building.

    Overview

    This property features a lot with two buildings, offering frontage on Route 35. It is located within the North Channel Redevelopment Zone, as designated by Neptune Township. The property is currently used as retail space. The total property size is 1124 square feet. Potential buyers are advised to conduct their own due diligence regarding permitted future uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Neptune
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.026557
    Latitude
    40.189731

    Nearby Similar for Sale

    • $899,999
      3,358 SF

      Established Auto Repair Shop For Sale

      Turn-key auto repair shop with high visibility and growth potential.
      1423 Corlies Avenue, Neptune Township, NJ 07753
      View Details
    • $995,000
      2,891 SF

      Stand-Alone Commercial Office Building

      Well-maintained office building with versatile layout and expansion potential.
      3318 Highway 33, Neptune Township, NJ 07753
      View Details
    • $5,500,000
      17,287 SF

      Route 66 Commercial Property

      17,000+ SF commercial property with long-term lease and upside.
      3443 State Route 66, Neptune Township, NJ 07753
      View Details
    • $699,000
      2,782 SF

      Mixed-Use Redevelopment Opportunity Near Route 35

      Value-add mixed-use redevelopment opportunity in high-visibility location near Route 35.
      1324 Corlies Avenue, Neptune Township, NJ 07753
      View Details
    • $999,999
      1,124 SF

      Retail Buildings on Route 35

      Two buildings with Route 35 frontage in Neptune Township.
      1301 State Route 35, Neptune Township, NJ 07753
      View Details
    • $2,800,000
      5,657 SF

      Prime Development Opportunity Near Jersey Shore

      2.2-acre lot near retail, outlets, and Jersey Shore beaches.
      3304 State Route 66, Neptune Township, NJ 07753
      View Details
    • $799,000
      4,300 SF

      Corner Storefront in High-Traffic Area

      4,300 SF corner storefront property in Neptune Township, NJ.
      500 State Route 35, Neptune Township, NJ 07753
      View Details
    • $999,999
      1,124 SF

      Route 35 Retail Opportunity

      Two buildings and lot on Route 35 for sale.
      1301 State Route 35, Neptune Township, NJ 07753
      View Details
    • $925,000
      1,470 SF

      Established Animal Hospital For Sale

      Fully operational animal hospital with strong local presence in Neptune.
      317 Route 35, Neptune Township, NJ 07753
      View Details
    • $699,000

      Mixed-Use Redevelopment Opportunity

      High-visibility mixed-use property near Route 35 in Neptune Township.
      1324 Corlies Avenue, Neptune Township, NJ 07753
      View Details
    • $535,000
      2,010 SF

      Neptune Township Duplex Opportunity

      Charming 6 bed, 2 bath duplex with income potential.
      1417 7th Avenue, Neptune Township, NJ 07753
      View Details
    • $1,990,000
      2,500 SF

      Body Shop and Towing Business

      Turn-key body shop and towing business on a large lot.
      440 Highway 35, Neptune Township, NJ 07753
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space and land for sale on Route 35.
    Where is this retail space located?
    The property is located at 1301 State Route 35 Neptune, NJ.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: Rt 35 Frontage: Enjoy **high visibility and accessibility** on a major route.; North Channel Redevelopment Zone: Located in an area designated for redevelopment, suggesting potential for growth and investment.; Two Buildings Included: The property includes two buildings, offering flexibility for various uses.
    (732) 774-4499
    We can help!
    Listing Contact
    MARY L DOUGHERTY
    Real Estate License ID: 0016313
    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
    1301 State Route 35, Neptune Township, NJ 07753
    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!