Mixed-Use Retail and Residential
2611 Belmar Boulevard West Belmar, NJ 07719
For Sale
$999,999
Pending
COMMERCIAL - West Belmar, NJ
Property Size3,464 SF
Lot Size0.24 Acres
Days on Market166
Property Features for 2611 Belmar Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
RV, Assigned, Guest, Open, Parking Lot
Security features
Security System
Exterior features
Display Window, Lighting, Outdoor Shower
Fencing
Fenced
Fireplace
1
Basement
Crawl Space
Standard status
Pending
APN
52-00266-0000-00003
Size
3,464 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9213
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1969
Floors in Building
2
Building materials
Cedar Shake, Brick Veneer, Stucco
Roof type
Asphalt
Listing Agency:
Keller Williams Avon Realty
(732) 988-8900
Listed By:
Richard Covey
(732) 988-8900
Added: Feb 13
Changed: Jul 28
Last Checked: Jul 29 at 1:06PM
MLS# 22603957
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 fully renovated mixed-use building was renovated inside and out in 2013 and offers two distinct income-producing components. The upstairs unit is a 3-bedroom, 2-bath apartment with parking for two vehicles, a private yard, and access to a shared deck. The residential unit is currently vacant, with the current owner indicating the space can be owner-occupied or placed with a residential tenant if desired.
The downstairs commercial space is tenant occupied by a successful generator business operating for over 12 years. That space is currently reported at $3,200 per month, with an option to renew in September 2027 at $4,000 per month. The property also includes parking and storage for the commercial space.
Located at 2611 Belmar Boulevard in West Belmar (Glendola section of Wall Township), the property is described as close to Routes 138, 18, Route 35, and the GSP.
The downstairs commercial space is tenant occupied by a successful generator business operating for over 12 years. That space is currently reported at $3,200 per month, with an option to renew in September 2027 at $4,000 per month. The property also includes parking and storage for the commercial space.
Located at 2611 Belmar Boulevard in West Belmar (Glendola section of Wall Township), the property is described as close to Routes 138, 18, Route 35, and the GSP.
Key Highlights
- Over 3,400 sq ft on a 10,400 sq ft lot with a 3‑bedroom, 2‑bath upstairs apartment plus a tenant‑occupied downstairs commercial space
- Upstairs includes parking for 2 vehicles and a private yard, with a shared deck
- Downstairs commercial space is tenant occupied with a generator business operating for 12+ years at $3,200/month and renewal option in Sept 2027 at $4,000/month
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Fully renovated mixed-use property features a tenant-occupied generator business and an upstairs 3-bedroom apartment.
Where is this retail space 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: Over 3,400 sq ft on a 10,400 sq ft lot with a 3‑bedroom, 2‑bath upstairs apartment plus a tenant‑occupied downstairs commercial space; Upstairs includes parking for 2 vehicles and a private yard, with a shared deck; Downstairs commercial space is tenant occupied with a generator business operating for 12+ years at $3,200/month and renewal option in Sept 2027 at $4,000/month
