Aviation Property with Licensed
For Sale
$599,000
Pending
641 Beach Avenue, Manahawkin, NJ 08050
Commercial Sale, Manahawkin, NJ
Property Size2,332 SF
Lot Size7.47 Acres
Days on Market667
Property Features for 641 Beach Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional, Commercial
Parking features
Open
Security features
Security System
Lot features
Dead End Street
Directions
Route 9 to Hilliard Ave to LT on Beach
Subdivision
Manahawkin
Standard status
Pending
APN
31-00296-0000-00064
Size
2,332 SF
Lot size
7.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8489
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
heliport
Building Details
Floors in Building
1
Building materials
Block
Listing Agency:
Van Dyk Group
(609) 698-6900
Listed By:
Richard M Saparito · License #0343579
(609) 287-9847
Added: Dec 9, 2024
Changed: Sep 11
Last Checked: Oct 7 at 6:06AM
MLS# 22434856
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 aviation-oriented commercial property includes a licensed heliport and a 2,332-square-foot block building on a 7.47-acre site. The building offers a flexible commercial footprint with forced-air heating and central air conditioning. Open parking supports on-site access, while well water and a septic tank serve the property.
Located at 641 Beach Avenue in Manahawkin, New Jersey, the property sits in Ocean County within the coastal market serving Long Beach Island. The site combines aviation infrastructure, land area, and an existing commercial building in a single property. Its physical configuration may accommodate aviation-related operations or other commercial uses permitted for the site.
Located at 641 Beach Avenue in Manahawkin, New Jersey, the property sits in Ocean County within the coastal market serving Long Beach Island. The site combines aviation infrastructure, land area, and an existing commercial building in a single property. Its physical configuration may accommodate aviation-related operations or other commercial uses permitted for the site.
Key Highlights
- Licensed heliport included
- 7.47‑acre commercial site
- 2,332 SF block building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,680
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,600
$713.6K
Cap Rate 7%
$509,714
$509.7K
Cap Rate 9%
$396,444
$396.4K
Market Conditions
NOI Build-Up for 2,332 SF
Gross rent
$70.0K $30.00/SF
− Vacancy
−$22.4K −$9.60/SF
EGI
$47.6K $20.40/SF
− OpEx
−$11.9K −$5.10/SF
NOI
$35.7K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,600
Cap Rate 7%
$509,714
Cap Rate 9%
$396,444
Alternative Uses
Best Use
Office B
$509.7K
$446.0K – $594.7K
NOI $35,680 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Aviation real estate - Commercial aviation property with a block building, open parking, and supporting well and septic infrastructure.
Where is this aviation real estate located?
The property is located at 641 Beach Avenue Manahawkin, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Licensed heliport included; 7.47‑acre commercial site; 2,332 SF block building
