Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    81 NJ-35 Eatontown, NJ 07724

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Parking lots & garages

    Type:Land, Special Purpose
    Added:
    Sep 4, 2024
    Days on Market:
    593
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 81 NJ-35

    General Information

    Standard status
    Active
    Property subtype
    Land, Special Purpose

    Spaces For Lease

    at 81 NJ-35 Contact us

    $8,000 /Mo

    Size
    43,560 SF
    Type
    Land, Special Purpose
    Contact us

    We can help!

    Listing Contact
    Daniel Lynch

    Listing agent Daniel Lynch License #35789

    Listing office Brothers Commercial Brokerage, Inc.

    Listing date Sep 4, 2024

    Source Crexi

    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 Brothers Commercial Brokerage, Inc.

    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 57 NJ-35, Eatontown, NJ 07724
    • Affiliated Car Rental — 105 NJ-36, Eatontown, NJ 07724
    • Enterprise Rent-A-Car — 5 NJ-36, Eatontown, NJ 07724
    • Truck Rental Center at The Home Depot — 310 NJ-36, West Long Branch, NJ 07764
    • 1Car Rental Eatontown — 180 NJ-35, Eatontown, NJ 07724

    Map

    City
    Eatontown
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.074
    Latitude
    40.2996

    Nearby Similar for Lease

    • Contact for pricing

      Eatontown Retail Space For Rent

      Recently renovated retail space near Netflix headquarters and Eatontown Mall.
      8 Main Street, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Renovated Office with Loading Dock

      Detached, renovated office space with loading dock for rent.
      10 Throckmorton Avenue, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Eatontown Retail Space For Rent

      Retail space available near Netflix headquarters and renovated mall.
      21 Main Street, Eatontown, NJ 07724
      View Details
    • Sponsored
      Contact for pricing

      NJ, Eatontown - 2 Industrial Way

      2 Industrial Way, Unit 3RD, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Stylish Office Suite in Eatontown

      Trendy office suite with refinished floors and modern bathrooms.
      17 Broad Street #2nd floor, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Renovated Detached Commercial Property

      Renovated commercial property with loading dock and flexible B1 zoning.
      10 Throckmorton Avenue, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Eatontown Commercial Space Available

      Commercial space for rent in Eatontown, New Jersey.
      4 Industrial Way W, Eatontown, NJ 07724
      View Details
    • $27/mo

      Retail Space on Route 36

      In-line retail unit for short-term lease in Eatontown.
      9 Route 36 West, Eatontown, NJ 07724
      View Details
    • Contact for pricing

      Prime Commercial Location in Eatontown

      High-visibility commercial property near Route 36, Eatontown, NJ.
      Intersection of Pinebrook Road and Hope Road off Route 36 in, Eatontown, NJ 07724
      View Details
    • $20/mo

      Eatontown Office Space Available

      6,000 SF office space for rent in Eatontown, NJ.
      1 Corbett Way, Eatontown, NJ
      View Details
    • Contact for pricing

      Retail Space in Eatontown, NJ

      Retail space available in high-traffic Eatontown location.
      56 State Hwy 36, Eatontown, NJ
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored office solutions.
      2 Industrial Way W, 3rd Floor, Eatontown, NJ 07724
      View Details

    FAQs

    Where is this parking lot & garage located?
    The property is located at 81 NJ-35 Eatontown, NJ.
    What are key features of this property?
    This property features: Tremendous location and visibility to Route 35; Curbed and lighted lot; Two entrances to the lot
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Lynch
    Real Estate License ID: 35789
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!