Five-Unit Shopping
New
For Sale
$2,800,000
1880 W County Line Road, Lakewood, NJ 08701
COMMERCIAL - Lakewood, NJ
Property Size10,000 SF
Lot Size1.01 Acres
Price / SF$280
Days on Market3
Property Features for 1880 W County Line Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking
75
Parking features
Parking Lot, Open
Interior features
Fluorescent
Exterior features
Lighting
Fencing
Fenced
Fireplace
1
Lot features
Level, Curbing, Fenced/ Enclosed Area, Fin Road, Highway Frontage, Sidewalks
Directions
Route 9 to West on West County Line Road take Brewers Bridge Jug handle to go East on West County Line Road and West Lake Plaza is about a block up on the right next to the Car Wash.
Standard status
Active
APN
15-00002-03-00004
Size
10,000 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
43979
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Tile, Concrete, Vinyl
Building materials
Block, Brick, Stucco
Roof type
Flat
Listing Agency:
Preferred Properties Real Estate · Better Homes and Gardens Real Estate
(732) 224-9200
Listed By:
George M Coffenberg
(732) 224-9200
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 10:06AM
MLS# 22623788
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit shopping center contains 10,000 square feet on a 1.01-acre parcel. The building dates to 1980 and includes block, brick, and stucco construction, a flat roof, fluorescent lighting, vinyl, tile, and concrete flooring, forced-air heating, central air, and a basement. A roof replacement was completed two years ago, and two HVAC systems were added within the past year.
The property fronts a four-lane highway and provides 75 open parking spaces. It is fully occupied by long-term tenants, with lease expirations ranging from 2029 through 2044. Zoning permits building heights up to 35 feet and supports multiple permitted uses. Public water and public sewer serve the property, which is enclosed with fencing and includes exterior lighting.
The property fronts a four-lane highway and provides 75 open parking spaces. It is fully occupied by long-term tenants, with lease expirations ranging from 2029 through 2044. Zoning permits building heights up to 35 feet and supports multiple permitted uses. Public water and public sewer serve the property, which is enclosed with fencing and includes exterior lighting.
Key Highlights
- Five‑unit shopping center totaling 10,000 square feet
- 1.01‑acre parcel on a four‑lane highway
- 75 open parking spaces
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 | $216.0k | $21.60 |
| − Vacancy | −$12.1k | −$1.21 |
| EGI | $203.9k | $20.39 |
| − OpEx | −$61.2k | −$6.12 |
| NOI | $142.7k | $14.27 |
10,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 updated building systems, long-term leases, and substantial on-site parking.
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‑unit shopping center totaling 10,000 square feet; 1.01‑acre parcel on a four‑lane highway; 75 open parking spaces
