5-Unit Shopping
For Sale
$2,800,000
Pending
1880 W County Line Road, Lakewood, NJ 08701
Five occupied suites are served by on-site parking and recently installed building systems.
Property Size10,000 SF
Days on Market91
Property Features for 1880 W County Line Road
General Information
Standard status
Pending
Size
10,000 SF
Total Parking Spaces
75
Property subtype
Commercial
Occupancy
100%
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
Preferred Properties Real Estate
Listed By:
George M Coffenberg · License #8630640
(732) 224-9200
Source:
Defelicerealtygroup
Added: Aug 3
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Preferred Properties Real Estate
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Investment Insights
Based on property information with market context.
Built in 1980, this five-unit shopping center contains 10,000 square feet and is fully occupied. The roof is two years old, and two HVAC systems were added within the past year. On-site parking accommodates 75 vehicles.
The property fronts a four-lane highway at 1880 W County Line Road in Lakewood, New Jersey. Lease expirations range from 2029 to 2044. Zoning allows building heights up to 35 feet and permits a range of uses.
The property fronts a four-lane highway at 1880 W County Line Road in Lakewood, New Jersey. Lease expirations range from 2029 to 2044. Zoning allows building heights up to 35 feet and permits a range of uses.
Key Highlights
- Five retail units totaling 10,000 square feet
- Fully occupied, with leases expiring between 2029 and 2044
- 75 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,733
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,854,660
$2.9M
Cap Rate 7%
$2,039,043
$2.0M
Cap Rate 9%
$1,585,922
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$216.0K $21.60/SF
− Vacancy
−$12.1K −$1.21/SF
EGI
$203.9K $20.39/SF
− OpEx
−$61.2K −$6.12/SF
NOI
$142.7K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,854,660
Cap Rate 7%
$2,039,043
Cap Rate 9%
$1,585,922
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,733 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 6.53%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Dunkin' Donuts
Dining
11,598 visits/mo
0.2 miles
Dollar General
Shops & Services
7,539 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,371 visits/mo
0.3 miles
Optimum
Shops & Services
2,657 visits/mo
0.4 miles
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Brook Plaza — 400 S New Prospect Rd, Jackson Township, NJ 08527
- Brewers Bridge — 2080 W County Line Rd, Jackson Township, NJ 08527
Frequently Asked Questions
What type of property is this?
Shopping center - Five occupied suites are served by on-site parking and recently installed building systems.
Where is this shopping center located?
The property is located at 1880 W County Line Road Lakewood, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Five retail units totaling 10,000 square feet; Fully occupied, with leases expiring between 2029 and 2044; 75 parking spaces
