Listing Agency: Zimmel Associates Show Phone

Listed By: David Zimmel · License #7933396

Source: Moodyscre

Added: Aug 13, 2025 Changed: Sep 7 Last Checked: Oct 5 at 9:24PM

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Investment Insights

Based on property information with market context.

This property is a 152,993 square foot warehouse and industrial property located in Neptune City, New Jersey.

Key Highlights

• 152,993 SF warehouse/industrial property
• Located in Neptune City, New Jersey

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,780,875

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$35,617,500 $35.6M

Cap Rate 7%

$25,441,071 $25.4M

Cap Rate 9%

$19,787,500 $19.8M

Market Conditions

NOI Build-Up for 152,993 SF

Gross rent

$2.20M $14.40/SF

− Vacancy

−$108.0K −$0.71/SF

EGI

$2.10M $13.69/SF

− OpEx

−$314.3K −$2.05/SF

NOI

$1.78M $11.64/SF

Area

Monmouth County, NJ

Vacancy

4.90%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$35,617,500

Cap Rate 7%

$25,441,071

Cap Rate 9%

$19,787,500

Alternative Uses

Best Use

Warehouse

$25.44M

$22.26M – $29.68M (±1% cap)

NOI $1,780,875 @ 7.0% cap · market cap 4.45%

Second Best

Industrial

$20.95M

$18.33M – $24.44M (±1% cap)

NOI $1,466,603 @ 7.0% cap · market cap 3.67%

Theoretical Best

Office A

$39.95M

$34.96M – $46.61M (±1% cap)

NOI $2,796,467 @ 7.0% cap · market cap 6.99%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service Garden Center Tattoo & Piercing Shop Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,419

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 152,993 SF warehouse/industrial property in Neptune City, New Jersey.

Where is this warehouse located?

The property is located at 1930 Heck Ave Neptune City, NJ.

What is the asking price?

The asking price for this property is $40,000,000.

What are key features of this property?

This property features: 152,993 SF warehouse/industrial property; Located in Neptune City, New Jersey