Strip Mall For
1820 Lanes Mill Road Brick, NJ 08724
1820 Lanes Mill Road, Brick, NJ, 08724
Contact for pricing
For Sale
Contact for pricing
For sale strip mall totaling 17,500 sq. ft.
Property Size17,500 SF
Price / SF$417.14
Days on Market85
Property Features for 1820 Lanes Mill Road
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Property subtype
- Retail
Listing agency
Keller Williams Monmouth Ocean
Listed by
Devin Foderaro · License #2439999
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 9:22PM Checked: Jul 21 at 9:22PM
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 Keller Williams Monmouth Ocean
Investment Insights
Based on property information with market context.
This for-sale strip mall offers a total size of 17,500 square feet. The property is available for buyers interested in acquiring a retail-oriented commercial asset.
The offering is located at 1820 Lanes Mill Road in Brick Township, NJ 08724. Interested parties can request additional photos and the Offering Memorandum for further details on the property.
The offering is located at 1820 Lanes Mill Road in Brick Township, NJ 08724. Interested parties can request additional photos and the Offering Memorandum for further details on the property.
Key Highlights
- For sale strip mall totaling 17,500 sq. ft.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $378.0k | $21.60 |
| − Vacancy | −$21.2k | −$1.21 |
| EGI | $356.8k | $20.39 |
| − OpEx | −$107.0k | −$6.12 |
| NOI | $249.8k | $14.27 |
17,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.57M
$3.12M – $4.16M
NOI $249,782 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,872 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - For sale strip mall totaling 17,500 sq. ft.
Where is this strip mall located?
The property is located at 1820 Lanes Mill Road Brick, NJ.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: For sale strip mall totaling 17,500 sq. ft.
