5-Unit Shopping
1880 W County Line Road, Lakewood, NJ 08701
For Sale
New
$2,800,000
Pending
Fully occupied retail property with leases extending through 2044 and commercial zoning allowing buildings up to 35 feet tall.
Property Size10,000 SF
Days on Market4
Property Features for 1880 W County Line Road
General Information
Standard status
Size
Total Parking Spaces
Zoning
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Slab
Vinyl,Concrete,Tile,Other
true
1980
Fluorescent
Fenced
Signs
Level,Curbing,Fenced/Enclosed Area,Fin Road,Highway Frontage,Sidewalks
Public
1.01
75
150 x 296
Lighted,On Site,Parking Lot,Open,Paver Block
Lighting
10000
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
(201) 204-1334
Listed By:
Judith Jennings
Source:
Opuselitenj
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 1:37PM
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 Judith Jennings
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Investment Insights
Based on property information with market context.
This 10,000-square-foot shopping center contains five units and is fully occupied by long-term tenants. A replacement roof was installed 2 years ago, and two HVAC systems were added within the past year. The property includes 75 parking spaces and a fenced area.
At 1880 W County Line Road in Lakewood, the 1.01-acre property fronts a four-lane highway. The site measures 150 x 296, with a level setting, curbing, sidewalks, signage, and on-site lighting. Commercial zoning allows building heights of up to 35 feet; leases expire between 2029 and 2044.
At 1880 W County Line Road in Lakewood, the 1.01-acre property fronts a four-lane highway. The site measures 150 x 296, with a level setting, curbing, sidewalks, signage, and on-site lighting. Commercial zoning allows building heights of up to 35 feet; leases expire between 2029 and 2044.
Key Highlights
- 10,000‑square‑foot center with five units; fully occupied by long‑term tenants
- 1.01‑acre site with 150 x 296 dimensions and frontage on a four‑lane highway
- 75 on‑site 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
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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 - Fully occupied retail property with leases extending through 2044 and commercial zoning allowing buildings up to 35 feet tall.
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: 10,000‑square‑foot center with five units; fully occupied by long‑term tenants; 1.01‑acre site with 150 x 296 dimensions and frontage on a four‑lane highway; 75 on‑site parking spaces
