Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space with Corner Location Title is generated by Realmo AI

    209 Norwood Ave, Long Branch, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with parking in a commercial district.

    Type:RETAIL
    Property size:
    1,541 SF
    Lot size:
    0.20 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    277
    Last Refresh:
    Apr 5 at 10:45 pm

    Property Features for 209 Norwood Ave

    General Information

    Standard status
    Active
    Size
    1,541 SF
    Lot size
    0.20 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 209 Norwood Ave Contact us

    We can help!

    Listing Contact
    Thomas R. Deveney

    Listing agent Thomas R. Deveney

    Listing office Sitar Realty Company | Manasquan

    Listing date Aug 14, 2025

    Source Moodyscre

    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 Sitar Realty Company | Manasquan

    HighLights

    • Zoned C‑3, Neighborhood Commercial District, permitting a wide variety of establishments
    • Prime corner location
    • Includes 10 parking spaces
    • Formerly used as a convenience store
    • See permitted uses under 'documents' tab on property website
    • Rental rate does not include utilities

    Overview

    This 1,541-square-foot retail space is located on a corner lot and was formerly used as a convenience store. It features 10 parking spaces. The property is zoned C-3, Neighborhood Commercial District, which permits a wide variety of establishments. Rental rate does not include utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Branch
    County
    Monmouth
    State
    New Jersey
    Longitude
    -73.9923596
    Latitude
    40.3042778

    Nearby Similar for Lease

    • $2,000/Mo

      Office Space Near Elberon Station

      Upstairs office space with private bathroom and parking available.
      1141 Lincoln Square, Long Branch, NJ 07740
      View Details
    • $1,000/Mo

      Flexible Commercial Space in Long Branch

      Versatile 600 sq ft space ideal for various business uses.
      605 Broadway, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      2,000 SF

      Renovated Office Space in Long Branch

      2,000 sq ft renovated office space ideal for professionals.
      473 Broadway, Long Branch, NJ 07740
      View Details
    • Contact for pricing

      Office Space Near Elberon Station

      Office space available for summer rental near Elberon Train.
      1141 Lincoln Square, Long Branch, NJ 07740
      View Details
    • Contact for pricing

      Office Space Near Elberon Station

      Office space for summer rental, convenient location, private bathroom.
      1141 Lincoln Square, Long Branch, NJ 07740
      View Details
    • $75,000 SF/Yr
      2,080-2,080 SF

      Turn-Key Convenience Store Opportunity

      Established convenience store with high visibility and growth potential.
      492 Joline Ave Unit, Unit 9, Long Branch, NJ 07740
      View Details
    • $2,500/Mo
      2,713 SF

      Retail Space on Corner Lot

      Retail space for lease in mixed-use building with parking.
      209 Norwood Avenue, Long Branch, NJ 07740
      View Details
    • $2,500/Mo
      2,713 SF

      Retail Space on Corner Location

      Retail space for lease in mixed-use building with parking.
      209 Norwood Avenue, Long Branch, NJ 07740
      View Details
    • $2,500/Mo
      1,225 SF

      Retail Space Near Elberon Station

      Retail space near train and beach in historic Elberon.
      1198 Lincoln Court, Long Branch, NJ 07740
      View Details
    • $2,850/Mo
      1,460 SF

      Prime Retail Space in Long Branch

      High-traffic commercial space near Monmouth University and upcoming Netflix development.
      15 Norwood Avenue, Long Branch, NJ 07740
      View Details
    • Contact for pricing
      9,500 SF

      Prime Restaurant Space Near Beach

      Former bank building, ideal restaurant location near beach and development.
      174 Broadway, Long Branch, NJ
      View Details
    • $2,000/Mo

      Office Space Near Train Station

      Office space for rent with private bathroom and parking.
      1141 Lincoln Square #Upstairs, Long Branch, NJ 07740
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Retail space with parking in a commercial district.
    Where is this grocery and convenience store located?
    The property is located at 209 Norwood Ave Long Branch, NJ.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Zoned C‑3, Neighborhood Commercial District, permitting a wide variety of establishments; Prime corner location; Includes 10 parking spaces
    (732) 275-7846 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas R. Deveney
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    209 Norwood Ave, Long Branch, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!