5-Unit Shopping
For Sale
$2,800,000
Pending
1880 W County Line Road, Lakewood, NJ 08701
Commercial Sale, Lakewood, NJ
Property Size10,000 SF
Lot Size1.01 Acres
Days on Market94
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
Pending
APN
15-00002-03-00004
Size
10,000 SF
Lot size
1.01 Acres
Additional Details
Tenant in Place
Yes
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, Vinyl, Concrete
Building materials
Block, Brick, Stucco
Roof type
Flat
Listing Agency:
Preferred Properties Real Estate · Better Homes and Gardens Real Estate
Listed By:
George M Coffenberg · License #8630640
(732) 224-9200
Added: Aug 3
Changed: Nov 4
Last Checked: Nov 4 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This 10,000-square-foot shopping center contains five units and sits on 1.01 acres. The property is fully occupied by long-term tenants, with lease expirations ranging from 2029 to 2044. Building improvements include a roof installed two years ago and two HVAC systems added within the past year.
Located at 1880 W County Line Road in Lakewood, the center fronts a four-lane highway and has 75 parking spaces. The zoning permits building heights of up to 35 feet.
Located at 1880 W County Line Road in Lakewood, the center fronts a four-lane highway and has 75 parking spaces. The zoning permits building heights of up to 35 feet.
Key Highlights
- Five‑unit shopping center totaling 10,000 square feet
- 1.01‑acre site with 75 parking spaces
- Fully occupied by long‑term tenants; lease expirations span 2029–2044
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 - The fully occupied retail property has a recently replaced roof and two newly installed HVAC 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‑unit shopping center totaling 10,000 square feet; 1.01‑acre site with 75 parking spaces; Fully occupied by long‑term tenants; lease expirations span 2029–2044
