Add Listing
    For Sale
    • 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

    736 NJ-35 Asbury Park, NJ 07712

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

    Retail or medical space in high-traffic area.

    Type:Retail
    Added:
    Sep 23, 2020
    Days on Market:
    2034
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 736 NJ-35

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Peter Ricker

    Listing agent Peter Ricker License #NJ 0234199

    Listing office Weichert Commercial Brokerage Inc Edison

    Listing date Sep 23, 2020

    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 Weichert Commercial Brokerage Inc Edison

    Overview

    Highly Visible Retail Location

    This property is located in a highly visible location with high traffic count. It is ideal for retail or medical use.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0521
    Latitude
    40.2492

    Nearby Similar for Sale

    • $3,800,000
      8,540 SF

      Turnkey Restaurant in Asbury Park

      Established restaurant for sale in downtown Asbury Park.
      522 Cookman Avenue, Asbury Park, NJ 07712
      View Details
    • $889,000
      4,250 SF

      Asbury Park Retail Opportunity

      Retail building for sale in Asbury Park, New Jersey.
      1111 Main Street, Asbury Park, NJ 07712
      View Details
    • $1,595
      1,656 SF

      Prime Storefront Office in Asbury

      Ground floor office space with high visibility in Asbury.
      501 Grand Avenue, Asbury Park, NJ 07712
      View Details
    • $190,000
      1,800 SF

      Established Dry Cleaning Business For Sale

      Profitable dry cleaning business with equipment and loyal customer base.
      1582 Highway 35, Ocean Twp, NJ 07712
      View Details
    • $975,000
      3,300 SF

      Versatile Triplex in Asbury Park

      Three vacant units, ideal for investors or owner-occupants.
      1017 Summerfield Avenue, Asbury Park, NJ 07712
      View Details
    • $799,000
      4,500 SF

      Two Buildings on One Lot

      Two buildings on one lot present an investment opportunity.
      101-103 Ridge Avenue, Asbury Park, NJ 07712
      View Details
    • $939,000
      1,119 SF

      Asbury Park Two-Family Property

      Two-family property with expansion potential in Asbury Park, NJ.
      912 Sunset Avenue, Asbury Park, NJ 07712
      View Details
    • $850,000
      2,400 SF

      Renovated Two-Family Home in Asbury

      Turnkey two-family home with income potential near Asbury Park.
      148 Dewitt Avenue, Asbury Park, NJ 07712
      View Details
    • $679,000
      2,000 SF

      Prime Retail Space on Cookman

      Retail condominium unit in Asbury Park near transportation.
      716 Cookman Avenue, Asbury Park, NJ 07712
      View Details
    • $1,200,000
      4,086 SF

      Renovated Asbury Park Apartment Building

      Renovated 5-unit apartment building in Asbury Park, New Jersey.
      905 Grand Avenue, Asbury Park, NJ 07712
      View Details
    • $1,350,000
      3,600 SF

      Asbury Park Three-Family Home

      Spacious three-family home near beach, boardwalk, and Deal Lake.
      1702 Grand Avenue, Asbury Park, NJ 07712
      View Details
    • $1,900,000

      Profitable Commercial Property in Asbury Park

      Three units with parking on a heavily traveled road.
      1501 Asbury Avenue, Asbury Park, NJ 07712
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail or medical space in high-traffic area.
    Where is this retail space located?
    The property is located at 736 NJ-35 Asbury Park, NJ.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Highly visible location; High traffic count; Ideal for retail use
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Ricker
    Real Estate License ID: NJ 0234199
    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!