Three-Unit Mixed-Use Commercial
For Sale
$799,900
1409 1409- Nw Central Ave, Seaside Park, NJ 08752
Three distinct commercial units combine a yoga studio, food-service layout, and professional office configuration near coastal amenities.
Property Size2,600 SF
Price / SF$307.65
Days on Market35
Property Features for 1409 1409- Nw Central Ave
General Information
Standard status
Active
Size
2,600 SF
Zoning
Mixed Use
Property Condition
Severity
Repairs Needed
Evidence
dated finishes and is in need of updates
Additional Details
Utilities to Site
Yes
Commercial Hood
Yes
Office Units
1
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX at Barnegat Bay - Toms River
(732) 473-1700
Listed By:
Susan Lucas-Sterling · License #9799761
Source:
Mynewjerseyrealestate
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 31 at 7:13PM
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 at Barnegat Bay - Toms River
Investment Insights
Based on property information with market context.
This 2,600-square-foot mixed-use commercial building contains three separately configured units. One is occupied by an established yoga studio, while another retains the counter and commercial hood from its former luncheonette layout. The third is arranged as a professional office and has dated finishes requiring updates. The property was built in 1950 and includes central air conditioning, furnaces, and recently updated electrical service.
Located one block from the beach, boardwalk, and bay in Seaside Park, the building is zoned Mixed Use. Municipal approvals may allow consideration of a single-family home or duplex conversion. The existing unit mix and varied improvements support continued commercial use, subject to applicable approvals and requirements.
Located one block from the beach, boardwalk, and bay in Seaside Park, the building is zoned Mixed Use. Municipal approvals may allow consideration of a single-family home or duplex conversion. The existing unit mix and varied improvements support continued commercial use, subject to applicable approvals and requirements.
Key Highlights
- 2,600‑square‑foot mixed‑use commercial building with 3 separate units
- One block from the beach, boardwalk, and bay in Seaside Park
- Established yoga studio occupies one commercial unit
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
$39,780
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
4.97%
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%
$795,600
$795.6K
Cap Rate 7%
$568,286
$568.3K
Cap Rate 9%
$442,000
$442.0K
Market Conditions
NOI Build-Up for 2,600 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
$78.0K $30.00/SF
− Vacancy
−$25.0K −$9.60/SF
EGI
$53.0K $20.40/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$795,600
Cap Rate 7%
$568,286
Cap Rate 9%
$442,000
Alternative Uses
Best Use
Office B
$568.3K
$497.3K – $663.0K
NOI $39,780 @ 7.0% cap · market cap 4.97%
Second Best
Mixed Use
$429.0K
$375.4K – $500.5K
NOI $30,030 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 08752, NJ
1,961
Population
4,137
Households
0.5
Avg Household Size
61
Median Age
55%
College-Educated
99%
High-School Grad
4.8 sq mi
ZIP Area
409
Density / Sq Mi
$75,865
Median Household Income
$49,150
Median Earnings
$1,402
Median Rent
$779,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three distinct commercial units combine a yoga studio, food-service layout, and professional office configuration near coastal amenities.
Where is this mixed-use property located?
The property is located at 1409 1409- Nw Central Ave Seaside Park, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,600‑square‑foot mixed‑use commercial building with 3 separate units; One block from the beach, boardwalk, and bay in Seaside Park; Established yoga studio occupies one commercial unit
