Fully Leased Neptune Strip
306-310 W Sylvania Avenue Neptune City, NJ 07753
306-310 W Sylvania Avenue, Neptune City, NJ, 07753
$1,500,000
For Sale
$1,500,000
Fully leased commercial strip center in high-traffic Neptune, NJ.
Property Size5,400 SF
Price / SF$277.78
Days on Market93
Property Features for 306-310 W Sylvania Avenue
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Commercial
Listing agency
DOUGLAS ELLIMAN OF NJ LLC
(732) 387-3807
Listed by
CHRIS KATZ · License #0681073
Source
Corcoran
Added: Apr 21 Updated: Jul 10 at 1:13PM Checked: Jul 22 at 10:32AM
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 DOUGLAS ELLIMAN OF NJ LLC
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.
Local Financial Insights For Retail
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 | $116.6k | $21.60 |
| − Vacancy | −$6.5k | −$1.21 |
| EGI | $110.1k | $20.39 |
| − OpEx | −$33.0k | −$6.12 |
| NOI | $77.1k | $14.27 |
5,400 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$963.5K – $1.28M
NOI $77,076 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
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 $1,500,000.
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.
