Corner Retail-Warehouse Flex
For Sale
$2,999,000
3502 W Bangs Ave, Neptune, NJ 07753
Vacant corner flex building with drive-in doors and flexible open space, suited for distribution or retail uses.
Property Size9,593 SF
Lot Size1.00 Acre
Price / SF$299.90
Days on Market138
Property Features for 3502 W Bangs Ave
General Information
Standard status
Active
Size
9,593 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Highway Access
Yes
Drive-In Doors
5
Building Details
Building Size
9,593 SF
Stories
2
Listing Agency:
Douglas Elliman of NJ LLC
Listed By:
Chris Katz · License #0681073
(732) 859-8505
Source:
Elliman
Added: Jun 12
Changed: Oct 27
Last Checked: Oct 26 at 6:37PM
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 Douglas Elliman of NJ LLC
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Investment Insights
Based on property information with market context.
This vacant retail/warehouse/flex property is offered for sale in excellent condition and sits on approximately one acre. The building includes flexible open space designed for adaptable operations and five overhead drive-in doors for efficient loading and unloading. A loft area provides additional space for storage. In addition, there is a previous residential structure on site that may be suitable for residential or office reuse, subject to buyer due diligence with the township regarding permitted uses.
The property is located in a highly visible corner position along Route 33. Access is supported by proximity to major roadways, including the Garden State Parkway, Route 18, and Route 35, which can be helpful for business operations that rely on regional connectivity.
With multiple overhead doors and flexible interior layout, the space may fit owner-users seeking warehouse and retail flexibility in one location. The on-site loft storage can support additional inventory or operational needs, while the separate residential structure offers an alternate reuse concept that would require confirmation of allowable uses with the township.
The property is located in a highly visible corner position along Route 33. Access is supported by proximity to major roadways, including the Garden State Parkway, Route 18, and Route 35, which can be helpful for business operations that rely on regional connectivity.
With multiple overhead doors and flexible interior layout, the space may fit owner-users seeking warehouse and retail flexibility in one location. The on-site loft storage can support additional inventory or operational needs, while the separate residential structure offers an alternate reuse concept that would require confirmation of allowable uses with the township.
Key Highlights
- Vacant approx. 10,000 SF retail/warehouse/flex building on 1 acre
- Corner location along Route 33 with 5 overhead drive‑in doors
- Flexible open space plus a loft area for additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,031
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,280,620
$3.3M
Cap Rate 7%
$2,343,300
$2.3M
Cap Rate 9%
$1,822,567
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$325.2K $32.52/SF
− Vacancy
−$72.8K −$7.28/SF
EGI
$252.4K $25.24/SF
− OpEx
−$88.3K −$8.83/SF
NOI
$164.0K $16.40/SF
Area
Monmouth County, NJ
Vacancy
22.40%
Lease Rate
$32.52 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,280,620
Cap Rate 7%
$2,343,300
Cap Rate 9%
$1,822,567
Alternative Uses
Best Use
Flex RnD
$2.34M
$2.05M – $2.73M
NOI $164,031 @ 7.0% cap · market cap 5.47%
Second Best
Warehouse
$1.66M
$1.46M – $1.94M
NOI $116,402 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant corner flex building with drive-in doors and flexible open space, suited for distribution or retail uses.
Where is this flex space located?
The property is located at 3502 W Bangs Ave Neptune, NJ.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Vacant approx. 10,000 SF retail/warehouse/flex building on 1 acre; Corner location along Route 33 with 5 overhead drive‑in doors; Flexible open space plus a loft area for additional storage
