807 Ocean Road, Point Pleasant, NJ 08742

Building Details

Building Size 7,976 SF More

Stories 2 More

Listing Agency: Keller Williams Valley Realty r***@kw.com

Listed By: Donna Nicolich Show Phone

Source: Cammarotarealestate

Added: Aug 21 Changed: Nov 6 Last Checked: Nov 6 at 2:31PM

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Investment Insights

Based on property information with market context.

The property combines a Victorian-style house with a warehouse containing four oversized bays. The residence is identified for office, professional-service, or mixed-use conversion. The site encompasses approximately 1.5 acres and carries commercial and mixed-use overlay designations, including affordable-housing and neighborhood-commercial overlays. A preliminary density plan for 12 units has town approval.

The property is about 1 mile from the beach and less than 0.5 mile from restaurants and shopping on Arnold Avenue.

Key Highlights

• Approximately 1.5 acres with commercial and mixed‑use overlay designations
• Warehouse with four oversized bays
• Victorian‑style residence identified for office, professional‑service, or mixed‑use conversion

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,708

Cap Rate

2.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,174,160 $2.2M

Cap Rate 7%

$1,552,971 $1.6M

Cap Rate 9%

$1,207,867 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,976 SF

Gross rent

$135.9K $17.04/SF

− Vacancy

−$8.0K −$1.01/SF

EGI

$127.9K $16.03/SF

− OpEx

−$19.2K −$2.41/SF

NOI

$108.7K $13.63/SF

Area

Ocean County, NJ

Vacancy

5.90%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,174,160

Cap Rate 7%

$1,552,971

Cap Rate 9%

$1,207,867

Alternative Uses

Best Use

Warehouse

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,708 @ 7.0% cap · market cap 2.86%

Second Best

Mixed Use

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,123 @ 7.0% cap · market cap 2.42%

Theoretical Best

Office A

$2.08M

$1.82M – $2.43M (±1% cap)

NOI $145,789 @ 7.0% cap · market cap 3.84%

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

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Auto Parts Store Spa & Massage Center Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

856

Businesses Nearby

Explore this area Business Placement

Demographics for 08742, NJ

25,056

Population

12,604

Households

2

Avg Household Size

46

Median Age

52%

College-Educated

95%

High-School Grad

5.6 sq mi

ZIP Area

4,474

Density / Sq Mi

$111,983

Median Household Income

$57,547

Median Earnings

$1,879

Median Rent

$576,300

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Ocean County, NJ

$450 Jul

$356 Aug

$409 Sep

$422 Oct

Properties on Market for Mixed-use properties in Ocean County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A Victorian-style residence and a four-bay warehouse occupy a parcel with commercial and mixed-use overlays.

Where is this mixed-use property located?

The property is located at 807 Ocean Road Point Pleasant, NJ.

What is the asking price?

The asking price for this property is $3,800,000.

What are key features of this property?

This property features: Approximately 1.5 acres with commercial and mixed‑use overlay designations; Warehouse with four oversized bays; Victorian‑style residence identified for office, professional‑service, or mixed‑use conversion