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    Holiday City Plaza Retail Space Title is generated by Realmo AI

    730 Jamaica Boulevard Unit 5, Toms River, NJ 08757

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    For Lease
    $16 SF/Yr $1,709/Mo (calc)

    Enclosed mixed-use retail/office building in 55+ community.

    Type:Rental
    Property size:
    1,282 SF
    Lot size:
    6.35 Acres
    Added:
    Mar 14, 2024
    Days on Market:
    805
    Last Refresh:
    May 20 at 1:33 am

    Property Features for 730 Jamaica Boulevard Unit 5

    General Information

    Standard status
    Active
    Size
    1,282 SF
    Lot size
    6.35 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1984

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    Listing Contact
    Mark Kotzas

    Listing agent Mark Kotzas License #7933305

    Listing office Crossroads Realty Executive Office

    Listing date Mar 14, 2024

    Source Exitrealty

    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 Crossroads Realty Executive Office

    HighLights

    • Located in Holiday City, a large 55+ adult community with over 14,000 homes, providing a built‑in customer base.
    • Multi‑tenant mixed‑use office/retail building suitable for various businesses.
    • Spaces available range from 1,256 to 7,872 square feet, offering flexible sizing options.
    • Units can be combined to create larger spaces (up to 5,262 or 7,872 square feet).
    • Seeking specific types of tenants such as grocery, gym/fitness, coffee shop, clothing, and professional services.
    • NNN lease structure with a lease rate of $16 psf plus $7 psf CAM/RE Taxes.

    Overview

    Holiday City Plaza I Shopping Mall is an enclosed multi-tenant mixed-use building suitable for office or retail tenants. Located in the Holiday City age-restricted 55+ adult community, it serves as a central shopping and service hub for over 14,000 surrounding homes. Available spaces range from 1,256 to 7,872 square feet. Units 1, 3, and 4 can be combined to create a 5,262-square-foot space. Units 14-15 and Units 16-19 can be combined for a total of 7,872 square feet. The property is suitable for a variety of businesses, including a grocery store, gym, fitness center, yoga studio, coffee shop, or clothing store. It is also suitable for professionals such as financial planners, senior planners, and insurance providers, along with other retail or office tenants. Leases are NNN with a lease rate of $16 per square foot, plus $7 per square foot for CAM and real estate taxes. Tenants are responsible for their own utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Balloon pantry.com Party Supply Store Memory Vision & The Photo ... Photography Service Wells Fargo ATM Atm Miss Donna Papaleo Physician Holiday City Plaza Business Service Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Toms River Shopping Center — Garden State Parkway, Toms River, NJ 08755

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2460894
    Latitude
    39.9719519

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    FAQs

    What type of property is this?
    Shopping center - Enclosed mixed-use retail/office building in 55+ community.
    Where is this shopping center located?
    The property is located at 730 Jamaica Boulevard Unit 5 Toms River, NJ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Located in Holiday City, a large 55+ adult community with over 14,000 homes, providing a built‑in customer base.; Multi‑tenant mixed‑use office/retail building suitable for various businesses.; Spaces available range from 1,256 to 7,872 square feet, offering flexible sizing options.
    (732) 244-4900
    We can help!
    Listing Contact
    Mark Kotzas
    Real Estate License ID: 7933305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    730 Jamaica Boulevard Unit 5, Toms River, NJ 08757
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