Building Details

Additional Structures Residence

Listing Agency: RE/MAX Gateway

Listed By: Robert M Roccia Show Phone

Added: Jul 22 Changed: Sep 22 Last Checked: Oct 23 at 10:06AM

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MLS# 22622407

Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This offering is a small lot for sale that includes a house and garage. The property size is noted as 0.11 acres, and public remarks indicate due diligence is required regarding zoning and allowable uses.

The site is located in Neptune City, NJ. Public remarks specify the property is in Commercial Zone C, and buyers are directed to confirm permitted uses with Neptune City zoning based on lot size.

Please note the listing instructs not to walk the property. Any development or use should be verified through the appropriate zoning and due diligence process prior to moving forward.

Key Highlights

• Lot for sale with a small house and garage
• Property located in Commercial Zone C
• Zoning and allowable uses to be verified with Neptune City Zoning based on lot size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,410

Cap Rate

3.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,200 $268.2K

Cap Rate 7%

$191,571 $191.6K

Cap Rate 9%

$149,000 $149.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 872 SF

Gross rent

$26.2K $30.00/SF

− Vacancy

−$1.8K −$2.04/SF

EGI

$24.4K $27.96/SF

− OpEx

−$11.0K −$12.58/SF

NOI

$13.4K $15.38/SF

Area

Monmouth 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%

$268,200

Cap Rate 7%

$191,571

Cap Rate 9%

$149,000

Alternative Uses

Best Use

Apartment 5plus

$191.6K

$167.6K – $223.5K (±1% cap)

NOI $13,410 @ 7.0% cap · market cap 3.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$227.7K

$199.2K – $265.7K (±1% cap)

NOI $15,939 @ 7.0% cap · market cap 3.99%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Suggested Use

Top Pick Law Firm Garden Center Veterinary Clinic Accounting Firm Discount Store Storage Facility

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

1,337

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Commercial land - Small lot includes an on-site house and garage, located in Neptune City’s Commercial Zone C.

Where is this commercial land located?

The property is located at 81 Morris Avenue Neptune City, NJ.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Lot for sale with a small house and garage; Property located in Commercial Zone C; Zoning and allowable uses to be verified with Neptune City Zoning based on lot size