Day Care Center with Long-Term NNN
For Sale
$5,500,000
3443 State Route 66, Neptune, NJ 07753
COMMERCIAL - Neptune Township, NJ
Property Size17,000 SF
Lot Size3.07 Acres
Price / SF$318.16
Days on Market184
Property Features for 3443 State Route 66
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
GPS
Standard status
Active
APN
35-03701-0000-00009
Size
17,287 SF
Lot size
3.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
53829
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
private offices
conference rooms
kitchen
storage
flexible open area
Building Details
Year built
1974
Floors in Building
1
Listing Agency:
Compass New Jersey LLC
(732) 936-5248
Listed By:
Isaac Franco
(732) 936-5248
Added: Feb 18
Changed: Aug 4
Last Checked: Aug 21 at 7:06PM
MLS# 22603785
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Exceptional 17,000+ SF commercial property on 3.07 acres along highly visible State Route 66. A 10,000 SF portion is leased to Kiddie Academy on a long-term NNN lease through 2033, with annual rent increases and reimbursement of operating expenses and tax increases over the base year.
The remaining 7,000 SF is professionally built out office space with private offices, conference rooms, kitchen, storage, and a flexible open area. The space is suitable for medical, professional, educational, therapy, or flex/warehouse occupancy. The property was built in 1974 and is served by public water and public sewer, with forced air heating and parking provided via a parking lot.
Located in Neptune Township near major national retailers including Walmart and Home Depot, the site offers existing income in place alongside an additional space configuration for future occupancy.
The remaining 7,000 SF is professionally built out office space with private offices, conference rooms, kitchen, storage, and a flexible open area. The space is suitable for medical, professional, educational, therapy, or flex/warehouse occupancy. The property was built in 1974 and is served by public water and public sewer, with forced air heating and parking provided via a parking lot.
Located in Neptune Township near major national retailers including Walmart and Home Depot, the site offers existing income in place alongside an additional space configuration for future occupancy.
Key Highlights
- 3.07‑acre commercial property on highly visible State Route 66
- 17,287 SF building with parking lot and forced air heating
- 10,000 SF leased to Kiddie Academy on long‑term NNN lease through 2033
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
$264,491
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
4.81%
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%
$5,289,820
$5.3M
Cap Rate 7%
$3,778,443
$3.8M
Cap Rate 9%
$2,938,789
$2.9M
Market Conditions
NOI Build-Up for 17,287 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
$518.6K $30.00/SF
− Vacancy
−$166.0K −$9.60/SF
EGI
$352.7K $20.40/SF
− OpEx
−$88.2K −$5.10/SF
NOI
$264.5K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /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%
$5,289,820
Cap Rate 7%
$3,778,443
Cap Rate 9%
$2,938,789
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Child Care Resources of Monmouth County — 3301C NJ-66, Neptune Township, NJ 07753
- Kiddie Academy of Neptune — 3443 NJ-66, Neptune Township, NJ 07753
- Montessori Academy of New Jersey — 3504 Asbury Ave, Neptune Township, NJ 07753
- Little Class Pre School — 640 Green Grove Rd, Neptune City, NJ 07753
- Champions at Green Grove — 909 Green Grove Rd, Neptune Township, NJ 07753
Frequently Asked Questions
What type of property is this?
Day care center - Part of the building is long-term NNN leased to Kiddie Academy, with additional built-out office space on public utilities.
Where is this day care center 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: 3.07‑acre commercial property on highly visible State Route 66; 17,287 SF building with parking lot and forced air heating; 10,000 SF leased to Kiddie Academy on long‑term NNN lease through 2033
