Flex Building with Showroom
For Sale
Contact for pricing
815 Asbury Avenue, Asbury Park, NJ 07712
An open-span interior pairs a glass storefront with office space, a drive-in bay, and two restrooms.
Property Size7,721 SF
Price / SF$0.00
Days on Market47
Property Features for 815 Asbury Avenue
General Information
Standard status
Active
Size
7,721 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Property Use
Showroom / Warehouse
Building Details
Year Built
1953
Buildings
1
Building Size
7,721 SF
Listing Agency:
Sigman Realty
Listed By:
Matthew H Sigman · License #1326230
(732) 774-4633
Source:
Defelicerealtygroup
Added: Sep 17
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
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 Sigman Realty
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Investment Insights
Based on property information with market context.
This freestanding flex property combines showroom and warehouse space beneath exposed timber trusses. The clear-span floor plate is complemented by a full-height glass storefront, private offices, two restrooms, and a drive-in bay. Recent work includes repainting, new LED lighting, and repaving. The building has gas heat and heavy electrical service, with striped on-site parking and a large front apron. Constructed in 1953, the property measures approximately 7,721 square feet; the listed property size is 7,500 square feet, so the area figures conflict and are omitted here.
At 815 Asbury Avenue in Asbury Park, the building occupies a signalized corner with visibility from Asbury Avenue, Memorial Drive, and the NJ Transit rail corridor. It is within the city’s Urban Enterprise Zone. Stated permitted uses include retail, industrial, manufacturing, mixed-use, dine-in restaurant, gallery and exhibition space, and artist live/work. The offering is on an NNN lease with immediate occupancy. The environmental information notes removal of the underground storage tank and issuance of an RAO.
At 815 Asbury Avenue in Asbury Park, the building occupies a signalized corner with visibility from Asbury Avenue, Memorial Drive, and the NJ Transit rail corridor. It is within the city’s Urban Enterprise Zone. Stated permitted uses include retail, industrial, manufacturing, mixed-use, dine-in restaurant, gallery and exhibition space, and artist live/work. The offering is on an NNN lease with immediate occupancy. The environmental information notes removal of the underground storage tank and issuance of an RAO.
Key Highlights
- Signalized corner at 815 Asbury Avenue in Asbury Park
- Full‑height glass storefront and clear‑span interior beneath exposed timber trusses
- Drive‑in bay, private offices, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,896
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,920
$1.4M
Cap Rate 7%
$1,027,086
$1.0M
Cap Rate 9%
$798,844
$798.8K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$108.0K $14.40/SF
− Vacancy
−$5.3K −$0.71/SF
EGI
$102.7K $13.69/SF
− OpEx
−$30.8K −$4.11/SF
NOI
$71.9K $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%
$1,437,920
Cap Rate 7%
$1,027,086
Cap Rate 9%
$798,844
Alternative Uses
Best Use
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $123,023 @ 7.0% cap · market cap 615,115.00%
Second Best
Retail
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 535,250.00%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,088 @ 7.0% cap · market cap 685,440.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,107
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 - An open-span interior pairs a glass storefront with office space, a drive-in bay, and two restrooms.
Where is this flex space located?
The property is located at 815 Asbury Avenue Asbury Park, NJ.
What are key features of this property?
This property features: Signalized corner at 815 Asbury Avenue in Asbury Park; Full‑height glass storefront and clear‑span interior beneath exposed timber trusses; Drive‑in bay, private offices, and two restrooms
