Building Details

Year Built 1950

Tenancy Multi

Listing Agency: RE/MAX at Barnegat Bay

Listed By: Susan Lucas-Sterling · License #9799761 Show Phone

Source: Soldbypattie

Added: Aug 1 Changed: Oct 15 Last Checked: Oct 16 at 10:54AM

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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

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Investment Insights

Based on property information with market context.

This 2,600-square-foot commercial property contains three distinct units with varied existing configurations. One area was previously used as a yoga studio, while another includes a luncheonette layout with a service counter and commercial hood remaining in place. A separate office unit is arranged for professional use. Recent building updates include electrical service improvements, central air conditioning, and furnaces.

The property is positioned one block from the bay and two blocks from the ocean in Seaside Park. Continued commercial use, mixed-use occupancy, or redevelopment may be possible, subject to Borough review, municipal approvals, applicable limitations, and verification of current requirements.

Key Highlights

• 2,600‑square‑foot three‑unit commercial property
• One block from the bay and two blocks from the ocean
• Luncheonette area retains a service counter and commercial hood

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,761

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,220 $795.2K

Cap Rate 7%

$568,014 $568.0K

Cap Rate 9%

$441,789 $441.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,600 SF

Gross rent

$56.2K $21.60/SF

− Vacancy

−$3.1K −$1.21/SF

EGI

$53.0K $20.39/SF

− OpEx

−$13.3K −$5.10/SF

NOI

$39.8K $15.29/SF

Area

Ocean County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,220

Cap Rate 7%

$568,014

Cap Rate 9%

$441,789

Alternative Uses

Best Use

Office B

$568.3K

$497.3K – $663.0K (±1% cap)

NOI $39,780 @ 7.0% cap · market cap 4.97%

Second Best

Specialty Retail

$568.0K

$497.0K – $662.7K (±1% cap)

NOI $39,761 @ 7.0% cap · market cap 4.97%

Theoretical Best

Office A

$678.9K

$594.1K – $792.1K (±1% cap)

NOI $47,524 @ 7.0% cap · market cap 5.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Multi-tenant

Tenancy

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

59

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Three-Unit Mixed-Use Commercial Building

1409 1409- Nw Central Ave, Seaside Park, NJ 08752

$799,900

2,600 SF

View details

Mixed-Use Space Near Beach Access

410 SE Central Avenue, Seaside Park, NJ 08752

$799,000

2,091 SF

View details

Mixed-Use Building with Apartment

1404 Sw Central Ave, Seaside Park, NJ 08752

$2,589,000

0.11 Acres

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial layout combines a former yoga studio, luncheonette improvements, and a separate professional office area.

Where is this mixed-use property located?

The property is located at 14091411 1409-1411 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 three‑unit commercial property; One block from the bay and two blocks from the ocean; Luncheonette area retains a service counter and commercial hood