Prime Commercial Property with Leased
For Sale
$5,500,000
3443 State Route 66, Neptune, NJ 07753
17,000+ sq ft property with leased and move-in-ready space.
Property Size17,287 SF
Lot Size3.00 Acres
Price / SF$318.16
Days on Market302
Property Features for 3443 State Route 66
General Information
Standard status
Active
Size
17,287 SF
Lot size
3.00 Acres
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
Compass New Jersey LLC
Listed By:
Isaac Franco
(732) 936-5248
Source:
Actionplusrealty
Added: Nov 4, 2025
Changed: Sep 2
Last Checked: Sep 1 at 9:07PM
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.**
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
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
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
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Frequently Asked Questions
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.**
