Storefront Retail
For Sale
$350,000
Pending
63 E Bay Avenue, Manahawkin, NJ 08050
Commercial Sale, Manahawkin, NJ
Property Size1,832 SF
Lot Size0.30 Acres
Days on Market97
Property Features for 63 E Bay Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
15
Parking features
Parking Lot
Directions
Between Route 9 & Park Ave.
Subdivision
Manahawkin
Standard status
Pending
APN
31-00144-01-00011
Size
1,832 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6702
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Vinyl
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Jason Eckert
(732) 945-5253
Added: Jun 16
Changed: Aug 24
Last Checked: Sep 20 at 4:06PM
MLS# 22618210
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 1,832-square-foot storefront property sits on a 0.3-acre lot and includes vinyl flooring, forced-air heating, and central air conditioning. The building was previously used as a garage and later operated as a retail store, providing a commercial layout with an established storefront profile.
The property is located at 63 E Bay Avenue in Manahawkin, within Stafford Township and Ocean County. Public water and public sewer serve the site, while a dedicated parking lot provides on-site parking. Its setting along East Bay Avenue places the building near the Jersey Shore.
The property is located at 63 E Bay Avenue in Manahawkin, within Stafford Township and Ocean County. Public water and public sewer serve the site, while a dedicated parking lot provides on-site parking. Its setting along East Bay Avenue places the building near the Jersey Shore.
Key Highlights
- 1,832‑square‑foot storefront property
- 0.3‑acre lot along East Bay Avenue
- Previously used as a garage and retail store
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
$26,149
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
7.47%
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%
$522,980
$523.0K
Cap Rate 7%
$373,557
$373.6K
Cap Rate 9%
$290,544
$290.5K
Market Conditions
NOI Build-Up for 1,832 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
$39.6K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$37.4K $20.39/SF
− OpEx
−$11.2K −$6.12/SF
NOI
$26.1K $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 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%
$522,980
Cap Rate 7%
$373,557
Cap Rate 9%
$290,544
Alternative Uses
Best Use
Retail
$373.6K
$326.9K – $435.8K
NOI $26,149 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,486 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 87%
Dining 13%
Holiday Inn Manahawkin
Hotels & Casinos
16,244 visits/mo
0.5 miles
Jersey Mike's Subs
Dining
1,844 visits/mo
0.2 miles
Rita's Italian Ice
Dining
496 visits/mo
0.3 miles
Demographics for 08050, NJ
26,507
Population
14,182
Households
1.9
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
30.9 sq mi
ZIP Area
858
Density / Sq Mi
$115,456
Median Household Income
$60,458
Median Earnings
$1,756
Median Rent
$377,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Kline Bros Backyard Hardscape and Paving — 345 E Bay Ave, Manahawkin, NJ 08050
- Reynolds Floral Market — 227 E Bay Ave, Manahawkin, NJ 08050
- Peggy Ann The Girls Florist — 185 N Main St, Manahawkin, NJ 08050
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with central air, public utilities, and an on-site parking lot.
Where is this storefront property located?
The property is located at 63 E Bay Avenue Manahawkin, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,832‑square‑foot storefront property; 0.3‑acre lot along East Bay Avenue; Previously used as a garage and retail store
