Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2807 Hurley Pond Rd Belmar, NJ 07719

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $599,000

    Two-story office building with parking near Route 18 entrance.

    Property size:
    5,120 SF
    Lot size:
    1.49 Acres

    Property Features for 2807 Hurley Pond Rd

    General Information

    Standard status
    Contract
    Size
    5,120 SF
    Lot size
    1.49 Acres

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Mary Jane Pierce
    Source: Corcoran

    Listing Agency: WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY Listing Agent: Mary Jane Pierce

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Building Near Route 18

    This two-story office building, zoned OP-2, offers approximately 5,000 square feet of space. Each floor measures 2,500 square feet and is accessible via two sets of stairs. Each level includes two restrooms and a kitchen space. The property features 28 parking spaces and is situated on a lot of almost 65,000 square feet. The OP-2 zoning permits a variety of uses, including office, medical, and special trade contractors. The interior space is in need of updating. The property is located close to the entrance to Route 18.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmar
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0741573
    Latitude
    40.1723352

    Nearby Similar for Sale

    • New
      $1,275,000
      2,590 SF

      Belmar Multifamily Investment Opportunity

      Multifamily property near Belmar beaches with parking and garage.
      517 14Th Ave, Belmar, NJ 07719
      View Details
    • $775,000
      Pending

      Belmar Multifamily Opportunity Near Ocean

      Two homes for the price of one near the ocean!
      1812 Fernwood Rd, Belmar, NJ 07719
      View Details
    • New
      $1,375,000

      Belmar Multifamily Property Near Ocean

      Four homes on one property near the beach and boardwalk.
      107 18Th Ave, Belmar, NJ 07719
      View Details
    • New
      $1,375,000

      Ocean View Belmar Duplex

      Two homes on one property near the beach.
      107 18Th Ave, Belmar, NJ 07719
      View Details
    • $1,300,000
      Pending

      Belmar Motel For Sale

      13-unit motel suitable for renovation or commercial redevelopment.
      2635 Hwy 138, Belmar, NJ 07719
      View Details
    • Contact for pricing

      Donut Shop Business For Sale

      Operating donut shop in a shore town with great foot traffic.
      Main St, Belmar, NJ 07719
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with parking near Route 18 entrance.
    Where is this office building located?
    The property is located at 2807 Hurley Pond Rd Belmar, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Zoned OP-2: Permits office, medical, and special trade contractors.; - Excellent location: Very close to Route 18 entrance.; - Two floors: Offering a total of 5,000 square feet (2,500 square feet per floor).
    (732) 223-2266
    Request Owner's contact information
    2807 Hurley Pond Rd Belmar, NJ 07719
    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.
    2807 Hurley Pond Rd
    Belmar, NJ 07719
    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
    2807 Hurley Pond Rd Belmar, NJ 07719
    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

    We can help!
    Listing Contact
    Mary Jane Pierce
    (732) 223-2266
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!