Fully Leased Neptune Strip
For Sale
$1,500,000
306-310 W Sylvania Avenue, Neptune City, NJ 07753
Fully leased commercial strip center in high-traffic Neptune, NJ.
Property Size5,400 SF
Price / SF$277.78
Days on Market274
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
Listed By:
Chris Katz · License #0681073
(732) 859-8505
Source:
Actionplusrealty
Added: Dec 5, 2025
Changed: Sep 4
Last Checked: Sep 5 at 8:22AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,076
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,541,520
$1.5M
Cap Rate 7%
$1,101,086
$1.1M
Cap Rate 9%
$856,400
$856.4K
Market Conditions
NOI Build-Up for 5,400 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $1,500,000.
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.
