Building Details

Building Size 2,106 SF

Year Built 1968

Stories 2

Listing Agency: O'Brien Realty

Listed By: Bradley Moore Show Phone

Source: Elliman

Added: Oct 23 Changed: Oct 26 Last Checked: Oct 24 at 7:39PM

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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 O'Brien Realty

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Investment Insights

Based on property information with market context.

This retail space offers approximately 2,106 SF and on-site parking. Built in 1968, the property is located at 934 State Route 36 in Leonardo, New Jersey.

Regional connections include the Garden State Parkway, the Highlands-Sea Bright Bridge, and nearby New York City ferry stops. The surrounding area includes retail and service businesses, residential neighborhoods, and recreational destinations.

Key Highlights

• Approximately 2,106 SF of retail space
• On‑site parking
• Frontage on State Route 36

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,060

Cap Rate

5.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$601,200 $601.2K

Cap Rate 7%

$429,429 $429.4K

Cap Rate 9%

$334,000 $334.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,106 SF

Gross rent

$45.5K $21.60/SF

− Vacancy

−$2.5K −$1.21/SF

EGI

$42.9K $20.39/SF

− OpEx

−$12.9K −$6.12/SF

NOI

$30.1K $14.27/SF

Area

Monmouth County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$601,200

Cap Rate 7%

$429,429

Cap Rate 9%

$334,000

Alternative Uses

Best Use

Retail

$429.4K

$375.8K – $501.0K (±1% cap)

NOI $30,060 @ 7.0% cap · market cap 5.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$549.9K

$481.2K – $641.6K (±1% cap)

NOI $38,494 @ 7.0% cap · market cap 7.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

297

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

McDonald's Dining

18,026 visits/mo 0.3 miles

Demographics for 07737, NJ

4,177

Population

1,615

Households

2.6

Avg Household Size

44

Median Age

51%

College-Educated

99%

High-School Grad

2.6 sq mi

ZIP Area

1,607

Density / Sq Mi

$134,818

Median Household Income

$68,254

Median Earnings

$1,439

Median Rent

$468,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Route 36 frontage places this commercial space along a major travel corridor.

Where is this retail space located?

The property is located at 934 State Route 36 Leonardo, NJ.

What is the asking price?

The asking price for this property is $539,900.

What are key features of this property?

This property features: Approximately 2,106 SF of retail space; On‑site parking; Frontage on State Route 36