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    Holiday City Plaza Retail Spaces Title is generated by Realmo AI

    730 Jamaica Blvd, Toms River, NJ 08757

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    Retail and office spaces available in Holiday City Plaza.

    Type:Retail, Office, Restaurant
    Property size:
    7,872 SF
    Added:
    Jun 19, 2023
    Days on Market:
    1070
    Last Refresh:
    May 12 at 9:28 pm

    Property Features for 730 Jamaica Blvd

    General Information

    Standard status
    Active
    Size
    7,872 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 730 Jamaica Blvd Contact us

    Unit 1 $16/Mo

    Size
    3,230 SF
    Type
    Retail, Office
    Unit one is an end unit in this indoor mall, right at the south side entrance. ...
    show more
    Contact us

    Unit 4 $16/Mo

    Size
    1,303 SF
    Type
    Retail, Office, Restaurant
    1,303 SF unit for lease. Tenant is responsible for own utiilites.
    Contact us

    Unit 21 $16/Mo

    Size
    1,271 SF
    Type
    Retail, Office
    Suite 21 is 1271 SF and located next to Suite 22 which is 1256 SF. Could possibly...
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    Contact us

    Unit 3 $16/Mo

    Size
    729 SF
    Type
    Retail, Office, Restaurant
    Unit three is an in line unit in this indoor mall, near the south side entrance....
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    Contact us

    Unit 7 $16/Mo

    Size
    636 SF
    Type
    Retail, Office, Restaurant
    Unit 7 is a small unit located in the center of the mall. Lease is NNN and Tenant...
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    Contact us

    Unit 16 $16/Mo

    Size
    5,311 SF
    Type
    Retail, Office
    Unit 16 is a former bank branch and located as a corner unit right at the north entrance...
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    Contact us

    Unit 6 $16/Mo

    Size
    1,282 SF
    Type
    Retail, Office
    Unit 6 is just off of the center of the indoor mall. Tenant is responsible for own...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Mark Kotzas

    Listing agent Mark Kotzas License #NJ 7800664

    Listing office Crossroads Realty Toms River

    Listing date Jun 19, 2023

    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 Crossroads Realty Toms River

    HighLights

    • Located in the heart of Holiday City, a large 55+ adult community with over 14,000 homes, providing a built‑in customer base.
    • Versatile spaces available, ranging from 1,256 to 7,872 square feet, suitable for various retail and office tenants.
    • Units 1, 3, and 4 can be combined to create a larger space of 5,262 square feet, offering flexibility for tenants.
    • Seeking diverse tenants including grocery stores, gyms/fitness centers, coffee shops, clothing stores, and professional services.
    • NNN lease structure.
    • High‑traffic location as the central shopping and services hub for the surrounding community.

    Overview

    Holiday City Plaza I is an enclosed, multi-tenant, mixed-use building suitable for both office and retail purposes. It is located within the Holiday City age-restricted 55+ adult communities, serving as a central hub for shopping and services for over 14,000 homes in the surrounding area. Available spaces range in size from 1,256 to 7,872 square feet. Units 1, 3, and 4 can be combined to create a larger space totaling 5,262 square feet. The property is suitable for a variety of tenants, including a grocery store, gym, fitness center, yoga studio, coffee shop, clothing store, or professional services such as financial planning, senior planning, or insurance. Other retail or office tenants are also welcome. Leases are structured as NNN, with a lease rate of $16 per square foot, plus $7 per square foot for CAM and real estate taxes. Tenants are responsible for their own utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Balloon pantry.com Party Supply Store Memory Vision & The Photo ... Photography Service Wells Fargo ATM Atm Miss Donna Papaleo Physician Holiday City Plaza Business Service Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Toms River Shopping Center — Garden State Parkway, Toms River, NJ 08755

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2460894
    Latitude
    39.9719519

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    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces available in Holiday City Plaza.
    Where is this shopping center located?
    The property is located at 730 Jamaica Blvd Toms River, NJ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of Holiday City, a large 55+ adult community with over 14,000 homes, providing a built‑in customer base.; Versatile spaces available, ranging from 1,256 to 7,872 square feet, suitable for various retail and office tenants.; Units 1, 3, and 4 can be combined to create a larger space of 5,262 square feet, offering flexibility for tenants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Kotzas
    Real Estate License ID: NJ 7800664
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    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.

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