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    2225 Nj-88 Brick Township, NJ 08724

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    For Sale
    Contact for pricing

    1.73 Acres, Approved Self Storage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.73-acre commercial land parcel, located at 2225 NJ-88 in Brick Township, Ocean County, New Jersey (zip code 08724), presents a unique investment opportunity. The property, identified as Block 1026, Lot 20, boasts full zoning and planning board approvals for the construction of an approximately 81,375-square-foot, three-story self-storage facility. This pre-approved project offers a significant advantage, eliminating lengthy permitting processes and allowing for immediate development. The site's 27,125-square-foot footprint is strategically positioned within a thriving market. With a current supply of only 5.4 net rentable square feet per capita, this location demonstrates strong demand for additional self-storage options. The substantial population of approximately 80,000 people within a three-mile radius ensures a robust customer base. Further enhancing the investment potential is the average rent of $2.42 per square foot for a 10x10 climate-controlled unit, indicating a promising return on investment. This turnkey opportunity is ideal for developers seeking a fast-track project with significant upside potential in a high-demand market. Don't miss this chance to acquire a fully approved site ready for immediate development.

    Property Features for 2225 Nj-88

    General Information

    Property type
    Land
    Lot Size
    75,359 SF

    HighLights

    • ±1.73‑acre commercial land parcel in Brick Township, NJ (08724).
    • Block 1026, Lot 20.
    • Three‑story, 81,375 SF self‑storage facility; 27,125 SF footprint.
    • Full zoning and planning board approvals.
    • 5.4 net rentable square feet (NRSF) per capita; strong market demand.
    • ±80,000 population within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brick Township
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0936104
    Latitude
    40.0779101

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    FAQs

    What type of property is this?
    Land - 1.73 Acres, Approved Self Storage
    Where is this land located?
    The property is located at 2225 Nj-88 Brick Township, NJ.
    What are key features of this property?
    This property features: ±1.73-acre commercial land parcel in Brick Township, NJ (08724).; Block 1026, Lot 20.; Three-story, 81,375 SF self-storage facility; 27,125 SF footprint.
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    Realmo Value Estimation

    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.

    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.

    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
    2225 Nj-88 Brick Township, NJ 08724
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