Restaurant Building with
New
For Sale
$999,999
4-10 3rd Avenue, Long Branch, NJ 07740
Commercial Sale, Long Branch, NJ
Property Size3,406 SF
Lot Size0.09 Acres
Price / SF$293.60
Days on Market2
Property Features for 4-10 3rd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
On Street
Basement
Partially Finished
Directions
Broadway to Third Ave
Standard status
Active
APN
27-00276-0000-00012-02
Size
3,406 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6300
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Listing Agency:
O'Brien Realty, LLC
(732) 229-3532
Listed By:
Kerrin O'Brien
(732) 229-3532
Added: Aug 31
Last Checked: Sep 1 at 10:06AM
MLS# 22627306
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property contains 3,406 square feet on a 0.09-acre parcel and includes basement space. Constructed in 1890, the building is served by public water and public sewer, with on-street parking available along the surrounding streets.
The property is located on 3rd Avenue in Long Branch, near the beach and Pier Village. Its setting along a heavily trafficked corridor provides exposure to year-round residents and seasonal shore visitors. The surrounding area includes restaurants, retail businesses, and new residential development, while nearby access to the Long Branch train station and major roadways connects the site with local and regional users.
The property is located on 3rd Avenue in Long Branch, near the beach and Pier Village. Its setting along a heavily trafficked corridor provides exposure to year-round residents and seasonal shore visitors. The surrounding area includes restaurants, retail businesses, and new residential development, while nearby access to the Long Branch train station and major roadways connects the site with local and regional users.
Key Highlights
- 3,406‑square‑foot restaurant property on a 0.09‑acre parcel
- Basement space included
- Located on 3rd Avenue in Long Branch
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
1,208
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 24%
McDonald's
Dining
20,425 visits/mo
0.1 miles
Conoco
Shops & Services
6,308 visits/mo
0.2 miles
Turning Point
Dining
5,229 visits/mo
0.5 miles
7-Eleven
Shops & Services
2,477 visits/mo
0.5 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with basement space, public utilities, and on-street parking along a heavily traveled commercial corridor.
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: 3,406‑square‑foot restaurant property on a 0.09‑acre parcel; Basement space included; Located on 3rd Avenue in Long Branch
