Conventional Restaurant
New
For Sale
$999,999
4-10 3rd Avenue, Long Branch, NJ 07740
Older commercial property near the beach, Pier Village, redevelopment, restaurants, retail, and new residential projects.
Property Size3,406 SF
Days on Market3
Property Features for 4-10 3rd Avenue
General Information
Standard status
Active
Size
3,406 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,300
Building Details
Building Size
3,406 SF
Year Built
1890
Listing Agency:
O'Brien Realty, LLC
Listed By:
Kerrin O'Brien
(732) 229-3532
Source:
Sackmanrealty
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 7:18PM
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 O'Brien Realty, LLC
Investment Insights
Based on property information with market context.
Located at 4-10 3rd Ave in Long Branch, the property is classified as a conventional restaurant asset and dates to 1890. Its Third Avenue setting places it near the beach and Pier Village, with a surrounding mix of restaurants, retail, redevelopment activity, and new residential projects.
The property benefits from access to the Long Branch train station and major roadways, connecting it with local and regional destinations. The surrounding area includes year-round residents and seasonal shore visitors. WalkScore is 67, BikeScore is 57, and TransitScore is 30, reflecting a somewhat walkable setting with bike access and some public transportation.
The property benefits from access to the Long Branch train station and major roadways, connecting it with local and regional destinations. The surrounding area includes year-round residents and seasonal shore visitors. WalkScore is 67, BikeScore is 57, and TransitScore is 30, reflecting a somewhat walkable setting with bike access and some public transportation.
Key Highlights
- Conventional restaurant property at 4‑10 3rd Ave, Long Branch, NJ 07740
- Constructed in 1890
- Near the beach and Pier Village
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
$52,087
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
5.21%
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%
$1,041,740
$1.0M
Cap Rate 7%
$744,100
$744.1K
Cap Rate 9%
$578,744
$578.7K
Market Conditions
NOI Build-Up for 3,406 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
$73.6K $21.60/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$69.4K $20.39/SF
− OpEx
−$17.4K −$5.10/SF
NOI
$52.1K $15.29/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$1,041,740
Cap Rate 7%
$744,100
Cap Rate 9%
$578,744
Alternative Uses
Best Use
Specialty Retail
$744.1K
$651.1K – $868.1K
NOI $52,087 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$694.5K
$607.7K – $810.3K
NOI $48,615 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$889.4K
$778.2K – $1.04M
NOI $62,256 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
McDonald's
Dining
20,425 visits/mo
0.1 miles
Conoco
Shops & Services
6,308 visits/mo
0.1 miles
Rook Coffee
Dining
1,088 visits/mo
0.1 miles
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Older commercial property near the beach, Pier Village, redevelopment, restaurants, retail, and new residential projects.
Where is this conventional restaurant located?
The property is located at 4-10 3rd Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Conventional restaurant property at 4‑10 3rd Ave, Long Branch, NJ 07740; Constructed in 1890; Near the beach and Pier Village
