Prime Commercial Property with Leased
3443 State Route 66 Neptune, NJ 07753
3443 State Route 66, Neptune, NJ, 07753
$5,500,000
For Sale
$5,500,000
17,000+ sq ft property with leased and move-in-ready space.
Property Size17,287 SF
Lot Size3.07 Acres
Price / SF$318.16
Days on Market151
Property Features for 3443 State Route 66
General Information
- Standard status
- Active
- Size
- 17,287 SF
- Lot size
- 3.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency
COMPASS NEW JERSEY LLC
(732) 936-5248
Listed by
ISAAC FRANCO
Source
Corcoran
Added: Feb 18 Checked: Jul 19 at 3:38 am
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 COMPASS NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This commercial property offers over 17,000 sq ft of space on over 3 acres. A 10,000 sq ft portion of the property is currently leased to Kiddie Academy, with 7 years remaining on the lease. The remaining 7,000 sq ft features a move-in-ready office build-out. The office space includes 10 private offices, conference rooms, a kitchen, and storage areas. The property is surrounded by national retailers, including Walmart and Home Depot.
Key Highlights
- 17,000+ sq ft commercial property in a prime location.
- 10,000 sq ft leased to Kiddie Academy with 7 years remaining, providing consistent income.
- 7,000 sq ft of luxurious, move‑in‑ready office space featuring 10 private offices, conference rooms, and kitchen.
Local Financial Insights For Office B
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 | $518.6k | $30.00 |
| − Vacancy | −$166.0k | −$9.60 |
| EGI | $352.7k | $20.40 |
| − OpEx | −$88.2k | −$5.10 |
| NOI | $264.5k | $15.30 |
17,287 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.78M
$3.31M – $4.41M
NOI $264,491 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.51M
$3.95M – $5.27M
NOI $315,979 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - 17,000+ sq ft property with leased and move-in-ready space.
Where is this office building located?
The property is located at 3443 State Route 66 Neptune, NJ.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 17,000+ sq ft commercial property in a prime location.; 10,000 sq ft leased to Kiddie Academy with 7 years remaining, providing consistent income.; **7,000 sq ft of luxurious, move‑in‑ready office space featuring 10 private offices, conference rooms, and kitchen.**
