Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space on Route 35 Title is generated by Realmo AI

    3010 Hwy 35, Hazlet, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high traffic count on Route 35.

    Type:RETAIL
    Property size:
    4,875 SF
    Lot size:
    17.63 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    419
    Last Refresh:
    Apr 5 at 9:53 pm

    Property Features for 3010 Hwy 35

    General Information

    Standard status
    Active
    Size
    4,875 SF
    Lot size
    17.63 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3010 Hwy 35 Contact us

    We can help!

    Listing Contact
    Michael Gartenberg

    Listing agent Michael Gartenberg

    Listing office Garden Commercial Properties

    Listing date Mar 25, 2025

    Source Moodyscre

    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 Garden Commercial Properties

    HighLights

    • Located on busy Route 35 corridor
    • Daily traffic counts of over 37,000 cars
    • Great location
    • Accessibility
    • Bayshore Plaza address
    • Plaza setting

    Overview

    Located along Route 35, Bayshore Plaza offers retail space with accessibility and visibility. The location benefits from high daily traffic counts, with over 37,000 cars passing by daily.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Airport Plaza Shopping Center — 1390 NJ-36, Hazlet, NJ 07730
    • Bayshore Plaza — 3052 NJ-35, Hazlet, NJ 07730
    • Hazlet Plaza — 3013 NJ-35, Hazlet, NJ 07730
    • Hazlet — 1105 nj-36, hazlet, nj 07730
    • Hazlet Pavillion — 1400 NJ-36, Hazlet, NJ 07730

    Location Insight

    • Map
    • Local Demand
    City
    Hazlet
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.1768
    Latitude
    40.4306

    Nearby Similar for Lease

    • $3,000/Mo

      Professionally Renovated Office Space Available

      Furnished office space in Hazlet, NJ, ready for immediate lease.
      3400 State Route 35, Hazlet, NJ 07730
      View Details
    • $1,800/Mo

      Turnkey Office on Route 35

      Professionally renovated, furnished office space in prime Hazlet location.
      3400 State Route 35, Hazlet, NJ 07730
      View Details
    • $800/Mo
      970 SF

      Renovated Office Space in Hazlet

      Renovated office space with shared amenities and utilities included.
      80 Hazlet Avenue, Hazlet, NJ 07730
      View Details
    • $1,200/Mo
      720 SF

      Hazlet Commercial Space For Rent

      Versatile office spaces near train station with utilities included.
      648 Holmdel Road, Hazlet, NJ 07730
      View Details
    • $4,200/Mo
      2,315 SF

      Hazlet Commercial Space For Rent

      Versatile commercial space near train station with utilities included.
      648 Holmdel Road, Hazlet, NJ 07730
      View Details
    • $1,050/Mo
      569 SF

      Hazlet Commercial Space For Rent

      Commercial space near train station, suitable for various businesses.
      648 Holmdel Road, Hazlet, NJ 07730
      View Details
    • $2,000/Mo
      1,002 SF

      Hazlet Commercial Space For Rent

      Versatile office spaces near train station with utilities included.
      648 Holmdel Road, Hazlet, NJ 07730
      View Details
    • $2,850/Mo

      Retail Space in Active Plaza

      Commercial space in high-traffic Hazlet plaza, available immediately.
      635 Palmer Avenue, Hazlet, NJ 07734
      View Details
    • $1,000/Mo
      970 SF

      Renovated Office Space Available

      Renovated office space with utilities included, shared amenities.
      80 Hazlet Avenue #6, Hazlet, NJ 07730
      View Details
    • $4,200/Mo
      2,300 SF

      Versatile Office Space Near Transportation

      Flexible office spaces with utilities included, near train and hospitals.
      648 Holmdel Road #400, Hazlet, NJ 07730
      View Details
    • $4,200/Mo
      2,300 SF

      Holmdel Road Office Space Available

      Office space near train station with flexible floor plans.
      648 Holmdel Road #1, Hazlet, NJ 07730
      View Details
    • $2,000/Mo
      1,002 SF

      Holmdel Road Office Space Available

      Office spaces for rent near train station with parking.
      648 Holmdel Road #2, Hazlet, NJ 07730
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with high traffic count on Route 35.
    Where is this shopping center located?
    The property is located at 3010 Hwy 35 Hazlet, NJ.
    What are key features of this property?
    This property features: Located on busy Route 35 corridor; Daily traffic counts of over 37,000 cars; Great location
    (973) 467-5000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Gartenberg
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3010 Hwy 35, Hazlet, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!