Listing Agency: Douglas Elliman of NJ LLC

Listed By: Chris Katz · License #0681073 Show Phone

Source: Actionplusrealty

Added: Apr 12 Changed: Oct 21 Last Checked: Oct 20 at 10:47PM

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Investment Insights

Based on property information with market context.

This is a fully leased commercial strip center located in Neptune, New Jersey. The property is situated in a high-traffic corridor, offering excellent visibility and accessibility. It is located minutes from Route 18, the Garden State Parkway, and Jersey Shore University Medical Center. The property is surrounded by retail, medical, and residential developments. The property size is 5400 square feet. The property is a turnkey investment with long-term tenants in place, providing reliable income.

Key Highlights

• Fully leased commercial strip center providing immediate, stable cash flow.
• Located in a high‑traffic corridor with excellent visibility and accessibility.
• Proximity to Route 18, Garden State Parkway, and Jersey Shore University Medical Center.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,076

Cap Rate

5.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,541,520 $1.5M

Cap Rate 7%

$1,101,086 $1.1M

Cap Rate 9%

$856,400 $856.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$116.6K $21.60/SF

− Vacancy

−$6.5K −$1.21/SF

EGI

$110.1K $20.39/SF

− OpEx

−$33.0K −$6.12/SF

NOI

$77.1K $14.27/SF

Area

Monmouth 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%

$1,541,520

Cap Rate 7%

$1,101,086

Cap Rate 9%

$856,400

Alternative Uses

Best Use

Retail

$1.10M

$963.5K – $1.28M (±1% cap)

NOI $77,076 @ 7.0% cap · market cap 5.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.41M

$1.23M – $1.65M (±1% cap)

NOI $98,703 @ 7.0% cap · market cap 7.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,109

Businesses Nearby

17k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 66% Groceries 34%

Dollar General Market Groceries

5,684 visits/mo 0.1 miles

Exxon Shops & Services

5,292 visits/mo 0.2 miles

Wells Fargo Shops & Services

4,870 visits/mo 0.4 miles

Extra Space Storage Shops & Services

835 visits/mo 0.3 miles

Demographics for 07753, NJ

37,397

Population

16,701

Households

2.2

Avg Household Size

45

Median Age

37%

College-Educated

93%

High-School Grad

16.0 sq mi

ZIP Area

2,337

Density / Sq Mi

$92,824

Median Household Income

$49,953

Median Earnings

$1,740

Median Rent

$390,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Fully leased commercial strip center in high-traffic Neptune, NJ.

Where is this strip mall located?

The property is located at 306-310 W Sylvania Avenue Neptune City, NJ.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Fully leased commercial strip center providing immediate, stable cash flow.; Located in a high‑traffic corridor with excellent visibility and accessibility.; Proximity to Route 18, Garden State Parkway, and Jersey Shore University Medical Center.