Strip Mall with Highway
For Sale
Contact for pricing
712 State Route 35, Neptune City, NJ 07753
On-site parking serves the retail property, with access to several nearby routes.
Property Size9,840 SF
Price / SF$0.00
Days on Market69
Property Features for 712 State Route 35
General Information
Standard status
Active
Size
9,840 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1965
Listing Agency:
Summit Realty Services Inc.
Listed By:
Lynn H Joseph · License #7911957
(732) 918-9008
Source:
Defelicerealtygroup
Added: Aug 26
Changed: Oct 31
Last Checked: Oct 31 at 2:32PM
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 Summit Realty Services Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,840-square-foot strip mall was built in 1965 and includes on-site parking. Its retail configuration fronts State Route 35 in Neptune City.
Routes 18, 33, and 66, along with the Garden State Parkway, are nearby. Neptune Shopping Plaza is also in close proximity.
Routes 18, 33, and 66, along with the Garden State Parkway, are nearby. Neptune Shopping Plaza is also in close proximity.
Key Highlights
- 9,840‑square‑foot strip mall
- Built in 1965
- Frontage on State Route 35
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,449
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,808,980
$2.8M
Cap Rate 7%
$2,006,414
$2.0M
Cap Rate 9%
$1,560,544
$1.6M
Market Conditions
NOI Build-Up for 9,840 SF
Gross rent
$212.5K $21.60/SF
− Vacancy
−$11.9K −$1.21/SF
EGI
$200.6K $20.39/SF
− OpEx
−$60.2K −$6.12/SF
NOI
$140.4K $14.27/SF
Area
Monmouth 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 Rate 5%
$2,808,980
Cap Rate 7%
$2,006,414
Cap Rate 9%
$1,560,544
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,449 @ 7.0% cap · market cap 638,404.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,859 @ 7.0% cap · market cap 817,540.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
149k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 35%
Groceries 13%
Electronics 1%
Wawa
Shops & Services
40,629 visits/mo
0.4 miles
McDonald's
Dining
24,704 visits/mo
0.4 miles
Stop & Shop
Groceries
13,940 visits/mo
0.1 miles
Taco Bell
Dining
11,170 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,450 visits/mo
0.1 miles
Demographics for 07753, NJ
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
2,337
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - On-site parking serves the retail property, with access to several nearby routes.
Where is this strip mall located?
The property is located at 712 State Route 35 Neptune City, NJ.
What are key features of this property?
This property features: 9,840‑square‑foot strip mall; Built in 1965; Frontage on State Route 35
