Flex
For Sale
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807 Summerfield Avenue #1D, Asbury Park, NJ 07712
The space is zoned for a variety of uses.
Property Size2,600 SF
Price / SF$0.00
Days on Market502
Property Features for 807 Summerfield Avenue #1D
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Additional Details
Property Use
Flex Space
Building Details
Year Built
1920
Listing Agency:
Sackman Realty
Listed By:
Virginia Vill · License #1859281
(732) 798-8188
Source:
Defelicerealtygroup
Added: Jun 17, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:17AM
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 Sackman Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,600-square-foot flex space was built in 1920 and is located on Summerfield Avenue in Asbury Park. Its zoning accommodates a variety of uses.
The property is near downtown Asbury Park.
The property is near downtown Asbury Park.
Key Highlights
- 2,600‑square‑foot flex space
- Zoning allows a variety of uses
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,924
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,480
$498.5K
Cap Rate 7%
$356,057
$356.1K
Cap Rate 9%
$276,933
$276.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$37.4K $14.40/SF
− Vacancy
−$1.8K −$0.71/SF
EGI
$35.6K $13.69/SF
− OpEx
−$10.7K −$4.11/SF
NOI
$24.9K $9.59/SF
Area
Monmouth County, NJ
Vacancy
4.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,480
Cap Rate 7%
$356,057
Cap Rate 9%
$276,933
Alternative Uses
Best Use
Flex RnD
$609.3K
$533.1K – $710.8K
NOI $42,648 @ 7.0% cap · market cap 355,400.00%
Second Best
Industrial
$356.1K
$311.6K – $415.4K
NOI $24,924 @ 7.0% cap · market cap 207,700.00%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 396,033.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,179
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- The Majestic Hotel — 19 Main Ave, Ocean Grove, NJ 07756
- A Matter of Taste Catering — 7 Main Ave, Ocean Grove, NJ 07756
- Wise Flavors & More Co — 1266 washington ave, asbury park, nj 07712
- Rosa's Kitchen — 906 Sewall Ave, Asbury Park, NJ 07712
- Das Catering — 906 Sewall Ave, Interlaken, NJ 07712
Frequently Asked Questions
What type of property is this?
Flex space - The space is zoned for a variety of uses.
Where is this flex space located?
The property is located at 807 Summerfield Avenue #1D Asbury Park, NJ.
What are key features of this property?
This property features: 2,600‑square‑foot flex space; Zoning allows a variety of uses; Built in 1920
