Renovated Retail
For Sale
Contact for pricing
34 Highway 35, Neptune, NJ 07753
The center offers on-site parking for retail customers and employees.
Property Size9,478 SF
Price / SF$0.00
Days on Market468
Property Features for 34 Highway 35
General Information
Standard status
Active
Size
9,478 SF
Property subtype
Retail
Building Details
Year Built
1946
Tenancy
Multi
Listing Agency:
Summit Realty Services Inc.
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Source:
Defelicerealtygroup
Added: Jul 22, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:31AM
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 Summit Realty Services Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center contains 9,478 square feet and was built in 1946. It has undergone renovation, providing updated space for retail occupancy.
The property fronts Highway 35 in Neptune Township, New Jersey. On-site parking serves the center.
The property fronts Highway 35 in Neptune Township, New Jersey. On-site parking serves the center.
Key Highlights
- 9,478‑square‑foot retail center
- Renovated retail property
- Frontage on Highway 35
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,282
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,640
$2.7M
Cap Rate 7%
$1,932,600
$1.9M
Cap Rate 9%
$1,503,133
$1.5M
Market Conditions
NOI Build-Up for 9,478 SF
Gross rent
$204.7K $21.60/SF
− Vacancy
−$11.5K −$1.21/SF
EGI
$193.3K $20.39/SF
− OpEx
−$58.0K −$6.12/SF
NOI
$135.3K $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%
$2,705,640
Cap Rate 7%
$1,932,600
Cap Rate 9%
$1,503,133
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,282 @ 7.0% cap · market cap 588,182.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.17M – $2.89M
NOI $173,243 @ 7.0% cap · market cap 753,230.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
97k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Apparel 12%
Office Supplies 10%
Shops & Services 9%
Chipotle Mexican Grill
Dining
16,950 visits/mo
0.1 miles
Dunkin' Donuts
Dining
12,533 visits/mo
0.3 miles
Starbucks
Dining
10,435 visits/mo
0.0 miles
Staples
Office Supplies
9,717 visits/mo
0.1 miles
Turning Point
Dining
6,322 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - The center offers on-site parking for retail customers and employees.
Where is this shopping center located?
The property is located at 34 Highway 35 Neptune, NJ.
What are key features of this property?
This property features: 9,478‑square‑foot retail center; Renovated retail property; Frontage on Highway 35
