Medical Center with Garage
New
For Sale
$1,250,000
132 Belmont Avenue, Long Branch, NJ 07740
Commercial Sale, Long Branch, NJ
Property Size3,820 SF
Price / SF$327.23
Days on Market3
Property Features for 132 Belmont Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Non-Conforming, Mixed, Commercial
Rooms
Basement
Parking features
Parking Lot, On Street, Off Street
Security features
Security System
Interior features
Auto Bay
Exterior features
Lighting
Lot features
Level
Directions
Between Second Ave and Memorial Parkway
Standard status
Active
APN
27-00285-0000-00007
Size
3,820 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9801
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
three overhead Garage Doors
high ceilings
Offices
Kitchen
Meeting Room
3 Baths
Building Details
Floors in Building
1
Flooring type
Wood, Concrete
Building materials
Brick, Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Camassa Agency Inc
Listed By:
Frank P Camassa
(732) 222-4100
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 27 at 12:06PM
MLS# 22630358
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding medical property measures 3,820 square feet and is currently used by a first aid squad. Three overhead garage doors and high ceilings complement offices, a kitchen, a meeting room, and three bathrooms. Interior finishes include concrete and wood flooring; the exterior is brick and stucco. The property has off-street parking and public water and sewer service.
The building is within the Lower Broadway Corridor Zone and also falls within the Oceanfront-Broadway Redevelopment Zone. Its configuration brings together vehicle-access space and areas for office, meeting, kitchen, and bathroom functions.
The building is within the Lower Broadway Corridor Zone and also falls within the Oceanfront-Broadway Redevelopment Zone. Its configuration brings together vehicle-access space and areas for office, meeting, kitchen, and bathroom functions.
Key Highlights
- 3,820‑square‑foot freestanding building
- Three overhead garage doors and high ceilings
- Includes offices, kitchen, meeting room, and 3 baths
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
$56,878
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
4.55%
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%
$1,137,560
$1.1M
Cap Rate 7%
$812,543
$812.5K
Cap Rate 9%
$631,978
$632.0K
Market Conditions
NOI Build-Up for 3,820 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
$100.8K $26.40/SF
− Vacancy
−$6.1K −$1.58/SF
EGI
$94.8K $24.82/SF
− OpEx
−$37.9K −$9.93/SF
NOI
$56.9K $14.89/SF
Area
Monmouth County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,137,560
Cap Rate 7%
$812,543
Cap Rate 9%
$631,978
Alternative Uses
Best Use
Healthcare Medical
$812.5K
$711.0K – $948.0K
NOI $56,878 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.5K
$872.8K – $1.16M
NOI $69,823 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - The freestanding facility combines office and meeting areas with vehicle access and on-site parking.
Where is this medical center located?
The property is located at 132 Belmont Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,820‑square‑foot freestanding building; Three overhead garage doors and high ceilings; Includes offices, kitchen, meeting room, and 3 baths
