Building Details

Year Built 2023

Listing Agency: Keller Williams Premier m***@kw.com Show Phone

Listed By: Andrew J Usmiani Sr. · License #2293478 Show Phone

Source: Cummingsrealtors

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 21 at 2:10AM

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Investment Insights

Based on property information with market context.

This 853-square-foot Harbor Model home was built in 2023 and offers single-level living within the Coastal Woods 55+ community. The open-concept layout includes a private balcony at the rear of the building, with views toward wooded surroundings. Appliances are included, and custom plantation shutters have been installed throughout. Furniture is negotiable.

Community amenities include a clubhouse, exercise room, recreation facilities and social room. The HOA covers exterior maintenance, lawn care, snow removal and management, along with community facilities. The property is a short drive from beaches, parks, shopping, dining and major transportation routes.

Key Highlights

• 853 SF Harbor Model home in a 55+ community
• Built in 2023
• Rear‑of‑building balcony with wooded views

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,117

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$262,340 $262.3K

Cap Rate 7%

$187,386 $187.4K

Cap Rate 9%

$145,744 $145.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 853 SF

Gross rent

$25.6K $30.00/SF

− Vacancy

−$1.7K −$2.04/SF

EGI

$23.8K $27.96/SF

− OpEx

−$10.7K −$12.58/SF

NOI

$13.1K $15.38/SF

Area

Ocean County, NJ

Vacancy

6.80%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$262,340

Cap Rate 7%

$187,386

Cap Rate 9%

$145,744

Alternative Uses

Best Use

Apartment 5plus

$187.4K

$164.0K – $218.6K (±1% cap)

NOI $13,117 @ 7.0% cap · market cap 5.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$222.7K

$194.9K – $259.9K (±1% cap)

NOI $15,591 @ 7.0% cap · market cap 6.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 08005, NJ

25,814

Population

11,671

Households

2.2

Avg Household Size

49

Median Age

34%

College-Educated

94%

High-School Grad

53.5 sq mi

ZIP Area

483

Density / Sq Mi

$92,548

Median Household Income

$47,209

Median Earnings

$1,949

Median Rent

$356,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - A one-level home in a 55+ community includes appliances, custom shutters and access to shared recreation facilities.

Where is this residential income property located?

The property is located at 750 LIGHTHOUSE DRIVE #2205 Barnegat, NJ.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: 853 SF Harbor Model home in a 55+ community; Built in 2023; Rear‑of‑building balcony with wooded views