Commercial Land with Highway
For Sale
Contact for pricing
1418 State Route 35, Asbury Park, NJ 07712
The parcel includes an existing 1,830-square-foot building dating to 1964.
Property Size1,830 SF
Days on Market151
Property Features for 1418 State Route 35
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Retail
Building Details
Year Built
1964
Listing Agency:
Summit Realty Services Inc.
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Source:
Defelicerealtygroup
Added: Jun 3
Changed: Oct 31
Last Checked: Oct 31 at 3:29AM
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 Summit Realty Services Inc.
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Investment Insights
Based on property information with market context.
This commercial land offering includes a 1,830-square-foot building constructed in 1964. The existing improvement provides a physical component alongside the development site.
The property fronts State Route 35 in Ocean Township, New Jersey, with 227 feet of highway frontage.
The property fronts State Route 35 in Ocean Township, New Jersey, with 227 feet of highway frontage.
Key Highlights
- 227 feet of frontage on State Route 35
- 1,830‑square‑foot building constructed in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,543
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,860
$350.9K
Cap Rate 7%
$250,614
$250.6K
Cap Rate 9%
$194,922
$194.9K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$26.4K $14.40/SF
− Vacancy
−$1.3K −$0.71/SF
EGI
$25.1K $13.69/SF
− OpEx
−$7.5K −$4.11/SF
NOI
$17.5K $9.59/SF
Area
Monmouth County, NJ
Vacancy
4.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,860
Cap Rate 7%
$250,614
Cap Rate 9%
$194,922
Alternative Uses
Best Use
Specialty Retail
$399.8K
$349.8K – $466.4K
NOI $27,986 @ 7.0% cap · market cap 2,798,600.00%
Second Best
Retail
$373.1K
$326.5K – $435.3K
NOI $26,120 @ 7.0% cap · market cap 2,612,000.00%
Theoretical Best
Office A
$477.8K
$418.1K – $557.5K
NOI $33,449 @ 7.0% cap · market cap 3,344,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 24%
Shops & Services 23%
Home Improvements & Furnishings 9%
Kohl's
Apparel
41,997 visits/mo
0.2 miles
Chick-fil-A
Dining
35,488 visits/mo
0.5 miles
Wawa
Shops & Services
22,368 visits/mo
0.4 miles
Wendy's
Dining
16,784 visits/mo
0.1 miles
Floor & Decor
Home Improvements & Furnishings
12,686 visits/mo
0.3 miles
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
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
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel includes an existing 1,830-square-foot building dating to 1964.
Where is this commercial land located?
The property is located at 1418 State Route 35 Asbury Park, NJ.
What are key features of this property?
This property features: 227 feet of frontage on State Route 35; 1,830‑square‑foot building constructed in 1964
