Building Details

Year built 1930

Floors in Building 2

Listing Agency: DeFelice Realty Group, LLC

Listed By: Carolyn Proto Show Phone

Added: Oct 26 Last Checked: Oct 26 at 11:06PM

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MLS# 22633791

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Investment Insights

Based on property information with market context.

The property includes a 1,200-square-foot building dating to 1930, along with adjoining vacant parcels. The combined site contains approximately 0.07 acres and has about 75 feet of frontage on Main Street. Public water and public sewer serve the property.

Located at 1805 Main Street, the property lies on the Belmar-Lake Como St. Patrick’s Day Parade route. Redevelopment or expansion would be subject to zoning and municipal approvals.

Key Highlights

• 1,200‑square‑foot building constructed in 1930
• Approximately 0.07 acres across adjoining parcels
• About 75 feet of combined Main Street frontage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,200

Cap Rate

3.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,000 $324.0K

Cap Rate 7%

$231,429 $231.4K

Cap Rate 9%

$180,000 $180.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$28.8K $24.00/SF

− Vacancy

−$2.9K −$2.40/SF

EGI

$25.9K $21.60/SF

− OpEx

−$9.7K −$8.10/SF

NOI

$16.2K $13.50/SF

Area

Monmouth County, NJ

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,000

Cap Rate 7%

$231,429

Cap Rate 9%

$180,000

Alternative Uses

Best Use

Mixed Use

$231.4K

$202.5K – $270.0K (±1% cap)

NOI $16,200 @ 7.0% cap · market cap 3.31%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$313.3K

$274.2K – $365.6K (±1% cap)

NOI $21,934 @ 7.0% cap · market cap 4.48%

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

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Furniture & Home Goods Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

614

Businesses Nearby

Explore this area Business Placement

Demographics for 07719, NJ

21,665

Population

10,753

Households

2

Avg Household Size

46

Median Age

53%

College-Educated

96%

High-School Grad

12.7 sq mi

ZIP Area

1,706

Density / Sq Mi

$119,877

Median Household Income

$58,854

Median Earnings

$1,754

Median Rent

$628,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The site includes an existing building, adjoining vacant parcels, and public water and sewer service.

Where is this mixed-use property located?

The property is located at 1805 Main Street Belmar, NJ.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: 1,200‑square‑foot building constructed in 1930; Approximately 0.07 acres across adjoining parcels; About 75 feet of combined Main Street frontage