Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Office Space Available Title is generated by Realmo AI

    658 Cookman Avenue, Asbury Park, NJ 07712

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

    Retail and office spaces for rent in Asbury Park.

    Type:Retail, Office, Restaurant
    Added:
    Nov 22, 2019
    Days on Market:
    2363
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 658 Cookman Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 658 Cookman Avenue Contact us

    We can help!

    Listing Contact
    Doug Sitar
    Doug Sitar

    Listing agent Doug Sitar License #NJ 9588830

    Listing office Sitar Realty Company Iselin

    Listing date Nov 22, 2019

    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 Sitar Realty Company Iselin

    HighLights

    • Located in the heart of downtown Asbury Park.
    • Easy access to Routes 71, 33, 36, 18.
    • Easy access to the Garden State Parkway.
    • The Shoppes at the Arcade.

    Overview

    Located in downtown Asbury Park, The Shoppes at the Arcade offer commercial spaces for rent. The location provides convenient access to Routes 71, 33, 36, 18, and the Garden State Parkway. The property is suitable for retail, office, and restaurant businesses.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0119509
    Latitude
    40.2156393

    Nearby Similar for Lease

    • $5,000/Mo

      Asbury Park Commercial Space

      4,600 SF ground-floor space in evolving area.
      17-19 S Main Street, Asbury Park, NJ 07712
      View Details
    • $2,450/Mo

      Main Street Storefront in Asbury

      Renovated storefront space in historic building, close to beach.
      1408 Main Street, Asbury Park, NJ 07712
      View Details
    • $3,500/Mo

      Asbury Park Retail Space

      Retail space near supermarket and train station available immediately.
      917 3rd Avenue, Asbury Park, NJ 07712
      View Details
    • $10,000/Mo

      Asbury Park Commercial Space For Rent

      Commercial space with existing businesses on a heavily traveled road.
      1501 Asbury Avenue, Asbury Park, NJ 07712
      View Details
    • $30 SF/Yr

      Asbury Park Retail Space

      Prime retail space in downtown Asbury Park's entertainment corridor.
      601 Lake Avenue, Asbury Park, NJ 07712
      View Details
    • $30 SF/Yr

      Asbury Park Commercial Space Available

      Vanilla box space suitable for bar or restaurant use.
      614 Cookman Avenue, Asbury Park, NJ 07712
      View Details
    • $30 SF/Yr

      Asbury Park Retail Space Available

      3,534 SF retail space in Asbury Park, NJ.
      614 Cookman Avenue, Asbury Park, NJ 07712
      View Details
    • $28 SF/Yr

      Asbury Park Retail Space Available

      3,357 SF retail space in downtown Asbury Park.
      614 Cookman Avenue, Asbury Park, NJ 07712
      View Details
    • $3,500/Mo

      Commercial Space in Asbury Park

      Commercial space for rent in Asbury Park, New Jersey.
      700 Bangs Avenue, Asbury Park, NJ 07712
      View Details
    • Contact for pricing

      Freestanding Building with Parking Lot

      Main Street building with parking, suitable for restaurant or retail.
      711 4th Avenue, Asbury Park, NJ 07712
      View Details
    • $25 SF/Yr

      Asbury Park Commercial Space

      Commercial space in downtown Asbury Park, perfect for bar/restaurant.
      614 Cookman Avenue, Asbury Park, NJ 07712
      View Details
    • Contact for pricing

      Prime Asbury Park Commercial Space

      High-visibility commercial space in Asbury Park, ready Summer 2026.
      901 Asbury Avenue, Asbury Park, NJ 07712
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail and office spaces for rent in Asbury Park.
    Where is this retail property located?
    The property is located at 658 Cookman Avenue Asbury Park, NJ.
    What are key features of this property?
    This property features: Located in the heart of downtown Asbury Park.; Easy access to Routes 71, 33, 36, 18.; Easy access to the Garden State Parkway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Doug Sitar
    Doug Sitar
    Real Estate License ID: NJ 9588830
    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

    Thank You for Inquiry
    658 Cookman Avenue, Asbury Park, NJ 07712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!