Renovated Mixed-Use Property For Sale

2611 Belmar Boulevard West Belmar, NJ 07719

Claim this Listing
For Sale
$999,999

3400+ sq ft renovated mixed-use property with income potential.

Type:Commercial
Property size:
3,464 SF
Lot size:
0.24 Acres
Price / SF:
$288/SF
Added:
Feb 14, 2026
Days on Market:
147
Last Refresh:
Apr 5 at 9:04 pm

Property Features for 2611 Belmar Boulevard

General Information

Standard status
Active
Size
3,464 SF
Lot size
0.24 Acres
Property subtype
Commercial

Building Details

Year Built
1969

Listing office KELLER WILLIAMS AVON REALTY

Listing date Feb 14, 2026

Source Corcoran

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 (±1% cap)
NOI $53,269 @ 7.0% cap · market cap 5.33%
Second Best
Retail
$706.3K
$618.0K – $824.1K (±1% cap)
NOI $49,443 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$904.5K
$791.5K – $1.06M (±1% cap)
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

Suggested Use

Dental Office Law Firm Auto Repair Shop HVAC Service Garden Center Electrical Service Daycare Center Kitchen & Bath Showroom Accounting Firm (Bike/Boat/Book/etc) Store

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

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.
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