Mixed-Use Building on Highway
For Sale
Contact for pricing
1900 Highway 35, Wall Township, NJ 07762
Mixed-use corner property on heavily traveled Highway 35.
Property Size2,637 SF
Price / SF$492.98
Days on Market710
Property Features for 1900 Highway 35
General Information
Standard status
Active
Size
2,637 SF
Total Parking Spaces
5
Property subtype
Retail, Mixed Use
Zoning
HB 80, R-3
Investment Type
Redevelopment
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Sitar Realty Company Iselin
(732) 275-7846
Listed By:
Ron Schrader Jr. · License #NJ 0017908
Source:
Crexi
Added: Sep 21, 2024
Changed: Aug 21
Last Checked: Aug 29 at 4:23AM
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
Investment Insights
Based on property information with market context.
This mixed-use building is available for sale or lease. It is situated on a corner property located in a prime retail corridor on heavily traveled Highway 35. The building has a size of 2637 square feet. The property offers convenient access to Routes 138/195, 34, 18, 71, and the Garden State Parkway.
Key Highlights
- Prime retail corridor location on heavily traveled Highway 35.
- Corner property.
- Mixed‑use building.
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
$40,552
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
3.12%
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%
$811,040
$811.0K
Cap Rate 7%
$579,314
$579.3K
Cap Rate 9%
$450,578
$450.6K
Market Conditions
NOI Build-Up for 2,637 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
$79.1K $30.00/SF
− Vacancy
−$5.4K −$2.04/SF
EGI
$73.7K $27.96/SF
− OpEx
−$33.2K −$12.58/SF
NOI
$40.6K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$811,040
Cap Rate 7%
$579,314
Cap Rate 9%
$450,578
Alternative Uses
Best Use
Apartment 5plus
$579.3K
$506.9K – $675.9K
NOI $40,552 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$576.4K
$504.3K – $672.4K
NOI $40,346 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$688.6K
$602.5K – $803.3K
NOI $48,200 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 07762, NJ
8,642
Population
5,109
Households
1.7
Avg Household Size
55
Median Age
64%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
3,086
Density / Sq Mi
$103,947
Median Household Income
$68,061
Median Earnings
$1,775
Median Rent
$871,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use corner property on heavily traveled Highway 35.
Where is this mixed-use property located?
The property is located at 1900 Highway 35 Wall Township, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime retail corridor location on heavily traveled Highway 35.; Corner property.; Mixed‑use building.
