Corner Warehouse
For Sale
$389,900
920 Radio Rd, Tuckerton, NJ 08087
For-sale warehouse located at the corner of Radio Rd, Dyke Pl, and Falcon Dr in Ocean County.
Property Size1,484 SF
Price / SF$262.74
Days on Market50
Property Features for 920 Radio Rd
General Information
Standard status
Active
Size
1,484 SF
Total Parking Spaces
15
Zoning
GB
Taxes and HOA fees
Annual Taxes
$7,947
Amenities
Forced Air, Natural Gas
Building Details
Building Size
1,484 SF
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Northfield
Listed By:
Richard Baehrle · License #8436462
(609) 226-6680
Source:
Evrealestate
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 7 at 5:04AM
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 BHHS Fox & Roach-Northfield
Investment Insights
Based on property information with market context.
This for-sale warehouse property is identified as a commercial real estate asset in Ocean County. The listing indicates a corner location at the intersection of Radio Rd, Dyke Pl, and Falcon Dr.
The address is 920 Radio Rd, Tuckerton, NJ 08087. No additional building details, unit layout, or improvements were provided in the available information.
The address is 920 Radio Rd, Tuckerton, NJ 08087. No additional building details, unit layout, or improvements were provided in the available information.
Key Highlights
- Warehouse for sale located at the corner of Radio Rd, Dyke Pl, and Falcon Dr in Ocean County
- Forced air heating with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,226
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,520
$404.5K
Cap Rate 7%
$288,943
$288.9K
Cap Rate 9%
$224,733
$224.7K
Market Conditions
NOI Build-Up for 1,484 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.3K $17.04/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$23.8K $16.03/SF
− OpEx
−$3.6K −$2.41/SF
NOI
$20.2K $13.63/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,520
Cap Rate 7%
$288,943
Cap Rate 9%
$224,733
Alternative Uses
Best Use
Warehouse
$288.9K
$252.8K – $337.1K
NOI $20,226 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.5K
$339.1K – $452.1K
NOI $27,125 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse located at the corner of Radio Rd, Dyke Pl, and Falcon Dr in Ocean County.
Where is this warehouse located?
The property is located at 920 Radio Rd Tuckerton, NJ.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Warehouse for sale located at the corner of Radio Rd, Dyke Pl, and Falcon Dr in Ocean County; Forced air heating with natural gas
