Listing Agency: Keller Williams Realty Monmouth/Ocean

Listed By: Mohamed Bassyouni · License #1859124 Show Phone

Source: Actionplusrealty

Added: Jun 25, 2025 Changed: Oct 16 Last Checked: Oct 16 at 9:16AM

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Investment Insights

Based on property information with market context.

This large commercial mixed-use property is located in the heart of Little Egg Harbor on Route 9S. The property, zoned General Business (GB), is ideal for a fast food franchise, retail establishment, warehouse, or many other businesses. It offers highway commercial visibility and is located down the street from a Super Walmart, Tractor Supply, RiteAid, and McDonalds. The property includes 1500 square feet of retail space, a large storage area, and a two-bedroom apartment above. Additionally, there is a 2000 square foot warehouse/garage area, a six-bedroom house in need of renovation, and a fenced commercial yard. The property is offered AS IS, and the buyer is responsible for due diligence with the township. The value is in the land and the location. Address 545 is for a billboard providing extra income. The zoning document lists 32 permitted uses and 13 conditional uses.

Key Highlights

• Prime Highway/Commercial Location with BEST visibility on Route 9S.
• General Business (GB) zoning with 32 Permitted Uses and 13 Conditional Uses.
• Package deal including 545, 565, and 585 Route 9S.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,591

Cap Rate

4.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,151,820 $1.2M

Cap Rate 7%

$822,729 $822.7K

Cap Rate 9%

$639,900 $639.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,745 SF

Gross rent

$112.4K $30.00/SF

− Vacancy

−$7.6K −$2.04/SF

EGI

$104.7K $27.96/SF

− OpEx

−$47.1K −$12.58/SF

NOI

$57.6K $15.38/SF

Area

Ocean County, NJ

Vacancy

6.80%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,151,820

Cap Rate 7%

$822,729

Cap Rate 9%

$639,900

Alternative Uses

Best Use

Apartment 5plus

$822.7K

$719.9K – $959.9K (±1% cap)

NOI $57,591 @ 7.0% cap · market cap 4.80%

Second Best

Retail

$763.6K

$668.2K – $890.9K (±1% cap)

NOI $53,453 @ 7.0% cap · market cap 4.45%

Theoretical Best

Office A

$977.9K

$855.7K – $1.14M (±1% cap)

NOI $68,453 @ 7.0% cap · market cap 5.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Auto Parts Store Building Supply Hair Salon

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

70

Businesses Nearby

Explore this area Business Placement

Demographics for 08087, NJ

25,191

Population

12,982

Households

1.9

Avg Household Size

49

Median Age

28%

College-Educated

94%

High-School Grad

70.1 sq mi

ZIP Area

359

Density / Sq Mi

$87,449

Median Household Income

$47,779

Median Earnings

$1,760

Median Rent

$323,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Large commercial mixed-use property with high visibility and development potential.

Where is this mixed-use property located?

The property is located at 585 Route 9 Little Egg Harbor, NJ.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Prime Highway/Commercial Location with BEST visibility on Route 9S.; General Business (GB) zoning with 32 Permitted Uses and 13 Conditional Uses.; Package deal including 545, 565, and 585 Route 9S.