Commercial Real Estate Market in Neptune, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
142 active listings and 1,113 off-market properties in Neptune, NJ. Commercial property asks $337/SF to buy and $19.29/SF/Yr to lease.
Market Trends
Neptune, NJ spans 16.0 square miles in Monmouth County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Neptune, NJ asks $269/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Neptune, NJ asks $322/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Neptune, NJ runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Neptune, NJ asks $385/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Neptune, NJ has 37,397 residents in 16,701 households. Density runs 2,344 people per square mile. Median household income here is $92,824 and median gross rent $1,740 a month.
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16 sq mi
ZIP Area
2,344
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.29/SF/Yr lease vs $337/SF buy → buying wins if held > 6.2 years.
The comparison uses county-wide sale comps against Neptune asking rents, so the implied 5.7% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Neptune City | $337 (county avg) | — |
| Asbury Park | $337 (county avg) | $24.47 |
Commercial property in Neptune, NJ asks $337/SF. The 2 bordering markets run from $337/SF in Neptune City to $337/SF in Neptune City, and the city sits in line with their $337/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Neptune?
Commercial property in Neptune, NJ asks an average of $337 per square foot. The 6 most recent recorded sales traded at a median of $379/SF. Multifamily carries the highest asking price at $385/SF.
How much does it cost to lease commercial space in Neptune?
Asking lease rates in Neptune, NJ average $19.29 per square foot per year.
Is it cheaper to lease or buy commercial space in Neptune?
Buying beats leasing in Neptune, NJ if the property is held longer than 6.2 years, comparing $19.29/SF/Yr asking rent with $337/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Neptune compare to nearby markets on price?
Neptune, NJ asks $337/SF against $337/SF in Neptune City and $337/SF in Asbury Park.
Where does Realmo's Neptune market data come from?
Realmo compiles Neptune, NJ figures from 6 recent recorded sales, 98 active sale listings, 44 active lease listings, 1,113 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 98 active for-sale and 44 active for-lease listings in Neptune, NJ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
