Route-Side Storefront
For Sale
$1,099,999
3561 Route 35, Lavallette, NJ 08735
Customer parking is set off Route 35, with access from the roadway.
Property Size4,342 SF
Price / SF$253.34
Days on Market38
Property Features for 3561 Route 35
General Information
Standard status
Active
Size
4,342 SF
Building Details
Year Built
1952
Listing Agency:
Diane Turton, Realtors-Avon
Listed By:
Paul Firetto · License #2187175
(609) 276-6398
Source:
Soldbypattie
Added: Sep 30
Changed: Oct 26
Last Checked: Oct 7 at 1:58PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
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
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
NOI $79,365 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
$865,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Ocean County, NJ
Properties on Market for Storefront properties in Ocean County
Vacancy Rate% for Retail in Northeast region
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
