Renovated Mixed-Use Property For
2611 Belmar Boulevard West Belmar, NJ 07719
2611 Belmar Boulevard, West Belmar, NJ, 07719
$999,999
Pending
For Sale
$999,999
Pending
3400+ sq ft renovated mixed-use property with income potential.
Property Size3,464 SF
Lot Size0.24 Acres
Days on Market156
Property Features for 2611 Belmar Boulevard
General Information
- Standard status
- Pending
- Size
- 3,464 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing Agency
KELLER WILLIAMS AVON REALTY
(732) 988-8900
Listed by
RICHARD COVEY
Source
Corcoran
Added: Feb 14 Checked: Jul 19 at 4:39 am
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 KELLER WILLIAMS AVON REALTY
Investment Insights
Based on property information with market context.
This mixed-use property offers over 3400 sq ft of space on a 10,400 sq ft lot. The property was fully renovated inside and out in 2013. The upstairs features a large 3-bedroom, 2-bathroom apartment with parking for 2 vehicles, a private yard, and a shared deck. The apartment is currently vacant and has a rental potential of $4,000 per month. The downstairs commercial space is tenant-occupied by a generator business that has been operating for over 12 years. The current rent is $3,200 per month, with an option to renew in September of 2027 for $4,000 per month. The commercial space offers ample parking and storage. The property is located in the Glendola Section of Wall Township, close to Routes 138, 18, Route 35, and the Garden State Parkway.
Key Highlights
- High income potential: $4,000/month from the vacant upstairs apartment and $3,200/month (increasing to $4,000 in 2027) from the downstairs commercial tenant.
- Fully renovated in 2013, both inside and outside.
- Large 3‑bedroom, 2‑bathroom apartment upstairs with private yard and parking for 2 vehicles.
Local Financial Insights For Apartment 5plus
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 | $103.9k | $30.00 |
| − Vacancy | −$7.1k | −$2.04 |
| EGI | $96.9k | $27.96 |
| − OpEx | −$43.6k | −$12.58 |
| NOI | $53.3k | $15.38 |
3,464 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$761.0K
$665.9K – $887.8K
NOI $53,269 @ 7.0% cap · market cap 5.33%
Second Best
Retail
$706.3K
$618.0K – $824.1K
NOI $49,443 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$904.5K
$791.5K – $1.06M
NOI $63,316 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aggressive Power Systems
Electrical Service
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FAQs
What type of property is this?
Mixed-use property - 3400+ sq ft renovated mixed-use property with income potential.
Where is this mixed-use property located?
The property is located at 2611 Belmar Boulevard West Belmar, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: High income potential: $4,000/month from the vacant upstairs apartment and $3,200/month (increasing to $4,000 in 2027) from the downstairs commercial tenant.; Fully renovated in 2013, both inside and outside.; Large 3‑bedroom, 2‑bathroom apartment upstairs with private yard and parking for 2 vehicles.
