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 Market756
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
Listed By:
Thomas Deveney · License #NJ
(732) 275-7846
Source:
Crexi
Added: Sep 21, 2024
Changed: Oct 8
Last Checked: Oct 14 at 8:21PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$40,552
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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.
