Mixed-Use Property with Bay
New
For Sale
$1,599,000
3200 Long Beach Blvd, Long Beach Township, NJ 08008
Two-level building combines restaurant space with an upper-floor living area and substantial on-site parking.
Property Size2,960 SF
Lot Size0.34 Acres
Price / SF$540.20
Days on Market3
Property Features for 3200 Long Beach Blvd
General Information
Standard status
Active
Size
2,960 SF
Lot size
0.34 Acres
Building Details
Year Built
1970
Buildings
1
Stories
2
Listing Agency:
Century 21 Alliance - Ship Bottom
Listed By:
James D. Butler · License #8936735
(609) 351-3467
Source:
Kableteam
Added: Sep 7
Last Checked: Sep 8 at 9:47AM
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 Century 21 Alliance - Ship Bottom
Investment Insights
Based on property information with market context.
Located at 3200 Long Beach Boulevard in Long Beach Township, this mixed-use property includes a two-level structure on a 150 x 100 lot. The lower level contains approximately 1600 sq. feet currently used as a restaurant, while the second floor provides approximately 1300 sq. feet of living space.
The property is in Brant Beach and is surrounded by Duck Cove Marina, with bay views from the site. A large parking lot serves the building and supports its existing restaurant use.
The property is in Brant Beach and is surrounded by Duck Cove Marina, with bay views from the site. A large parking lot serves the building and supports its existing restaurant use.
Key Highlights
- 150 x 100 lot in Brant Beach
- Approximately 1600 sq. feet on the lower level
- Approximately 1300 sq. feet of second‑floor living space
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
$45,267
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
2.83%
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%
$905,340
$905.3K
Cap Rate 7%
$646,671
$646.7K
Cap Rate 9%
$502,967
$503.0K
Market Conditions
NOI Build-Up for 2,960 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
$63.9K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$60.4K $20.39/SF
− OpEx
−$15.1K −$5.10/SF
NOI
$45.3K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$905,340
Cap Rate 7%
$646,671
Cap Rate 9%
$502,967
Alternative Uses
Best Use
Specialty Retail
$646.7K
$565.8K – $754.5K
NOI $45,267 @ 7.0% cap · market cap 2.83%
Second Best
Mixed Use
$488.4K
$427.4K – $569.8K
NOI $34,188 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$772.9K
$676.3K – $901.7K
NOI $54,104 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 08008, NJ
6,914
Population
16,979
Households
0.4
Avg Household Size
62
Median Age
64%
College-Educated
97%
High-School Grad
10.8 sq mi
ZIP Area
640
Density / Sq Mi
$116,544
Median Household Income
$60,752
Median Earnings
$1,664
Median Rent
$1,083,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level building combines restaurant space with an upper-floor living area and substantial on-site parking.
Where is this mixed-use property located?
The property is located at 3200 Long Beach Blvd Long Beach Township, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 150 x 100 lot in Brant Beach; Approximately 1600 sq. feet on the lower level; Approximately 1300 sq. feet of second‑floor living space
