Retail Space with Display
For Sale
$1,300,000
1900 State Route 35, Wall, NJ 07719
COMMERCIAL - Wall, NJ
Property Size2,637 SF
Lot Size0.10 Acres
Price / SF$492.98
Days on Market94
Property Features for 1900 State Route 35
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Offsite, Off Street
Exterior features
Display Window
Directions
195 to 138 east. Make right on Rt 35. Go through one traffic light and site is on the left side about 1 mile south of the intersection of 18th Ave and Rt35 Old Mill Rd intersects with Rt 35 and Wall Church Rd.
Subdivision
Wall
Standard status
Active
APN
52-00151-0000-00001
Size
2,637 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6351
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Building materials
Block
Roof type
Shingle
Listing Agency:
Sitar Realty Company
(732) 449-2000
Listed By:
Thomas Deveney
(732) 449-2000
Added: May 21
Changed: Aug 7
Last Checked: Aug 22 at 12:06AM
MLS# 22615141
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 mixed-use retail space features a display window and block construction. The building is on a 0.1-acre lot and has a total size of 2,637 SF. Exterior improvements include a shingle roof, and interior systems include forced-air heating. Public utilities are in place with public water and public sewer.
The property is described as being east of Rt 35 at the Jersey Shore, and it is indicated to be in both Spring Lake Heights and Wall Township. Off-street and offsite parking are included.
The listing also notes possible subdivision, which may be relevant for buyers evaluating how they want to structure future site plans and tenancy.
The property is described as being east of Rt 35 at the Jersey Shore, and it is indicated to be in both Spring Lake Heights and Wall Township. Off-street and offsite parking are included.
The listing also notes possible subdivision, which may be relevant for buyers evaluating how they want to structure future site plans and tenancy.
Key Highlights
- Mixed‑use retail property east of Rt 35 at the Jersey Shore
- Retail space with a display window
- 0.1‑acre lot with 2,637 SF total size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,920
$806.9K
Cap Rate 7%
$576,371
$576.4K
Cap Rate 9%
$448,289
$448.3K
Market Conditions
NOI Build-Up for 2,637 SF
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.
Gross rent
$79.1K $30.00/SF
− Vacancy
−$25.3K −$9.60/SF
EGI
$53.8K $20.40/SF
− OpEx
−$13.4K −$5.10/SF
NOI
$40.3K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,920
Cap Rate 7%
$576,371
Cap Rate 9%
$448,289
Alternative Uses
Best Use
Office B
$576.4K
$504.3K – $672.4K
NOI $40,346 @ 7.0% cap · market cap 3.10%
Second Best
Retail
$537.7K
$470.5K – $627.3K
NOI $37,639 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$688.6K
$602.5K – $803.3K
NOI $48,200 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
Explore this area
Business Placement
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use retail space with a display window and block construction, with public water and public sewer service.
Where is this retail space located?
The property is located at 1900 State Route 35 Wall, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use retail property east of Rt 35 at the Jersey Shore; Retail space with a display window; 0.1‑acre lot with 2,637 SF total size
