Building Details

Year Built 1952

Listing Agency: Diane Turton, Realtors-Avon

Listed By: Paul Firetto · License #2187175 Show Phone

Source: Soldbypattie

Added: Sep 30 Last Checked: Oct 5 at 10:46PM

Report an Issue

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 Diane Turton, Realtors-Avon

Investment Insights

Based on property information with market context.

This storefront property was built in 1952 and has approval for multiple business types. Customer parking is provided off the roadway, with access from Route 35.

The building is in Silver Beach, a short distance from Lavallette and within walking distance of the beach.

Key Highlights

• Along Route 35 in Silver Beach
• Built in 1952
• Customer parking located off the roadway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,975

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,239,500 $1.2M

Cap Rate 7%

$885,357 $885.4K

Cap Rate 9%

$688,611 $688.6K

Market Conditions

NOI Build-Up for 4,342 SF

Gross rent

$93.8K $21.60/SF

− Vacancy

−$5.3K −$1.21/SF

EGI

$88.5K $20.39/SF

− OpEx

−$26.6K −$6.12/SF

NOI

$62.0K $14.27/SF

Area

Ocean 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%

$1,239,500

Cap Rate 7%

$885,357

Cap Rate 9%

$688,611

Alternative Uses

Best Use

Retail

$885.4K

$774.7K – $1.03M (±1% cap)

NOI $61,975 @ 7.0% cap · market cap 5.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.13M

$992.1K – $1.32M (±1% cap)

NOI $79,365 @ 7.0% cap · market cap 7.22%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Auto Repair Shop Dental Office HVAC Service Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

147

Businesses Nearby

15k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Wawa Shops & Services

15,357 visits/mo 0.2 miles

Demographics for 08735, NJ

3,064

Population

7,244

Households

0.4

Avg Household Size

64

Median Age

50%

College-Educated

97%

High-School Grad

1.7 sq mi

ZIP Area

1,802

Density / Sq Mi

$85,265

Median Household Income

$64,875

Median Earnings

$865,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Building with Apartment

1404 E Central Avenue, Lavallette, NJ 08735

$2,589,000

6,273 SF

View details

Two-Unit Brick Duplex

3227 N Route 35 N, Lavallette, NJ 08735

$1,100,000

1,280 SF

View details

Duplex with Outdoor Shower

111 Princeton Avenue, Lavallette, NJ 08735

$874,900

1,276 SF

View details

Frequently Asked Questions

What type of property is this?

Storefront property - Customer parking is set off Route 35, with access from the roadway.

Where is this storefront property located?

The property is located at 3561 Route 35 Lavallette, NJ.

What is the asking price?

The asking price for this property is $1,099,999.

What are key features of this property?

This property features: Along Route 35 in Silver Beach; Built in 1952; Customer parking located off the roadway