Commercial Property with Highway
For Sale
$425,000
696 Route 9 S, Tuckerton, NJ 08087
Commercial property with buildings, high visibility, and expansion potential.
Property Size1,600 SF
Lot Size1.00 Acre
Price / SF$265.63
Days on Market237
Property Features for 696 Route 9 S
General Information
Standard status
Active
Size
1,600 SF
Lot size
1.00 Acre
Building Details
Year Built
1960
Listing Agency:
Mezzina Agency
Listed By:
Michael J Eagan · License #8938504
(856) 988-1800
Source:
Premierehomegroup
Added: Jan 26
Changed: Sep 19
Last Checked: Sep 20 at 11:30AM
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 Mezzina Agency
Investment Insights
Based on property information with market context.
This commercial property features approximately one acre of land with existing buildings and 250 feet of frontage on Route 9. The site is located next to a busy shopping center and across from another shopping center and Rita's Water Ice, offering great visibility with over 10,000 cars passing daily, with higher traffic volume in the summer. The property was formerly operated as a landscape business, with a main building that served as both an office and a residence. A large outbuilding with separate electric is located in the rear of the property. The yard is partially fenced. A substantial new development featuring over 200 self-storage units and five large flex buildings is under construction behind the property. The existing buildings require some renovation but can be returned to a useful state. Zoned HB, Highway Business, the property permits numerous uses, including those allowed within the GB General Business zone and the NB Neighborhood Business zone. Permitted uses include contractors, auto repair and sales, retail, office, services, professional, and car wash. The allowed building height is 40 feet. The property offers room for conforming expansion.
Key Highlights
- High‑visibility location with 250 feet of frontage on Route 9 and over 10,000 cars per day traffic count.
- Zoned HB (Highway Business) with numerous permitted uses.
- Approximately one acre of commercial ground with existing buildings suitable for renovation or expansion.
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
$24,480
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
5.76%
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%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 1,600 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
$48.0K $30.00/SF
− Vacancy
−$15.4K −$9.60/SF
EGI
$32.6K $20.40/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.5K $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 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%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$326.2K
$285.5K – $380.6K
NOI $22,837 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
82
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
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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?
Commercial land - Commercial property with buildings, high visibility, and expansion potential.
Where is this commercial land located?
The property is located at 696 Route 9 S Tuckerton, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High‑visibility location with 250 feet of frontage on Route 9 and over 10,000 cars per day traffic count.; Zoned HB (Highway Business) with numerous permitted uses.; Approximately one acre of commercial ground with existing buildings suitable for renovation or expansion.
