Maple Shade Investment
For Sale
Contact for pricing
2941 NJ-73, Toms River, NJ 08052
Shopping center and office building with income potential in Maple Shade.
Property Size32,160 SF
Price / SF$216.11
Days on Market1043
Property Features for 2941 NJ-73
General Information
Standard status
Active
Size
32,160 SF
Class
B
Total Parking Spaces
100
Property subtype
Mixed Use, Office, Retail
Occupancy
92%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$527,100
Building Details
Year Built
1990
Buildings
2
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Andi Pesacov · License #RS210170L
Source:
Crexi
Added: Dec 11, 2023
Changed: Oct 13
Last Checked: Oct 19 at 5:15AM
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 KW Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Maple Shade Shopping Center, located at 2941 NJ-73, Maple Shade, NJ, presents an investment opportunity. The property includes two buildings: a 17,750 square foot shopping center and a 14,410 square foot office building. Constructed in 1990 and 2002, respectively, the shopping center provides 55 parking spaces, while the office building offers 46. The shopping center has five units and one vacant storage unit that could be converted into retail space. The office building is currently occupied by the DEA. The shopping center has a mix of regional, local, and government agency tenants. The property offers potential for increased rental returns.
Key Highlights
- Strong income potential with submarket NNN rents near $19 psf ($610k GPR).
- Office building occupied by the DEA, providing secure government rent.
- Shopping center with 5 units and a vacant storage unit that can be converted into retail space, offering immediate upside.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$492,048
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,840,960
$9.8M
Cap Rate 7%
$7,029,257
$7.0M
Cap Rate 9%
$5,467,200
$5.5M
Market Conditions
NOI Build-Up for 32,160 SF
Gross rent
$964.8K $30.00/SF
− Vacancy
−$308.7K −$9.60/SF
EGI
$656.1K $20.40/SF
− OpEx
−$164.0K −$5.10/SF
NOI
$492.0K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,840,960
Cap Rate 7%
$7,029,257
Cap Rate 9%
$5,467,200
Alternative Uses
Best Use
Office B
$7.03M
$6.15M – $8.20M
NOI $492,048 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$6.56M
$5.74M – $7.65M
NOI $459,029 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$8.40M
$7.35M – $9.80M
NOI $587,833 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08052, NJ
20,003
Population
9,401
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,264
Density / Sq Mi
$75,732
Median Household Income
$49,963
Median Earnings
$1,574
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 41 W. Main St Albertsons, Maple Shade, NJ 08052
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center and office building with income potential in Maple Shade.
Where is this shopping center located?
The property is located at 2941 NJ-73 Toms River, NJ.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Strong income potential with submarket NNN rents near $19 psf ($610k GPR).; Office building occupied by the DEA, providing secure government rent.; Shopping center with 5 units and a vacant storage unit that can be converted into retail space, offering immediate upside.
