Freestanding Retail
For Sale
Contact for pricing
30 Union Avenue, Lakehurst, NJ 08733
Union Avenue storefront among downtown businesses, restaurants, and municipal town hall.
Property Size2,080 SF
Price / SF$1.06
Days on Market46
Property Features for 30 Union Avenue
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Business
Additional Details
Road Access
Yes
Property Use
Retail/Office
Building Details
Buildings
1
Listing Agency:
Griffin Realty
Listed By:
Ryan Griffin · License #0678081
(732) 998-5818
Source:
Defelicerealtygroup
Added: Sep 18
Changed: Oct 31
Last Checked: Oct 31 at 2:28PM
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 Griffin Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding property is described as suitable for retail or office use and fronts Union Avenue in downtown Lakehurst. Its setting is within a commercial district that includes restaurants, a barber shop, an ice cream business, real estate offices, and the municipal town hall.
The property is identified as being close to a military base and retirement communities. Downtown streetscape features include sidewalks, curbs, storefronts, and lampposts with seasonal decorations.
The property is identified as being close to a military base and retirement communities. Downtown streetscape features include sidewalks, curbs, storefronts, and lampposts with seasonal decorations.
Key Highlights
- Freestanding property with retail or office use
- Located at 30 Union Avenue in downtown Lakehurst
- Nearby businesses include restaurants, a barber shop, an ice cream shop, and real estate offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,688
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
$593.8K
Cap Rate 7%
$424,114
$424.1K
Cap Rate 9%
$329,867
$329.9K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$44.9K $21.60/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$42.4K $20.39/SF
− OpEx
−$12.7K −$6.12/SF
NOI
$29.7K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
Cap Rate 7%
$424,114
Cap Rate 9%
$329,867
Alternative Uses
Best Use
Office B
$454.6K
$397.8K – $530.4K
NOI $31,824 @ 7.0% cap · market cap 1,446.55%
Second Best
Retail
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 1,349.45%
Theoretical Best
Office A
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 1,728.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 08733, NJ
2,738
Population
1,117
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
223
Density / Sq Mi
$80,792
Median Household Income
$40,586
Median Earnings
$1,730
Median Rent
$225,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Union Avenue storefront among downtown businesses, restaurants, and municipal town hall.
Where is this retail space located?
The property is located at 30 Union Avenue Lakehurst, NJ.
What are key features of this property?
This property features: Freestanding property with retail or office use; Located at 30 Union Avenue in downtown Lakehurst; Nearby businesses include restaurants, a barber shop, an ice cream shop, and real estate offices
