Fully Leased Strip
For Sale
$1,500,000
306310 306-310 W Sylvania Ave, Neptune City, NJ 07753
Long-term tenants are in place across the commercial center.
Property Size5,400 SF
Price / SF$277.78
Days on Market87
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 306310 306-310 W Sylvania Ave
General Information
Standard status
Active
Size
5,400 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Douglas Elliman of NJ LLC
Listed By:
Chris Katz · License #0681073
(732) 859-8505
Source:
Goldstandardrealty
Added: Jul 21
Changed: Sep 15
Last Checked: Oct 7 at 2:55PM
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 5,400-square-foot strip mall at 306-310 W Sylvania Ave in Neptune City, New Jersey, is fully leased and occupied by long-term tenants. The retail property is positioned for an owner seeking an established commercial asset with existing tenancy in place.
The center is located near Route 18, the Garden State Parkway, and Jersey Shore University Medical Center. Surrounding development includes retail, medical, and residential uses, providing a broad commercial context for the property.
The center is located near Route 18, the Garden State Parkway, and Jersey Shore University Medical Center. Surrounding development includes retail, medical, and residential uses, providing a broad commercial context for the property.
Key Highlights
- Fully leased strip mall with long‑term tenants in place
- 5,400‑square‑foot retail center
- Located at 306‑310 W Sylvania Ave, Neptune City, NJ 07753
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,076
Cap Rate
5.14%
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
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
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
752
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
0.3 miles
Exxon
Shops & Services
5,292 visits/mo
0.0 miles
Wells Fargo
Shops & Services
4,870 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
835 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Strip mall - Long-term tenants are in place across the commercial center.
Where is this strip mall located?
The property is located at 306310 306-310 W Sylvania Ave 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 strip mall with long‑term tenants in place; 5,400‑square‑foot retail center; Located at 306‑310 W Sylvania Ave, Neptune City, NJ 07753
