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    Property profile & analytics

    1900 Nj-70 Lakewood, NJ 08701

    • Retail properties & Spaces
    • 315,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1900 Nj-70

    Property size
    315,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1627
    Latitude
    40.0528

    Comparable in this City

    • Value Estimation
      $1,400,000
      8,896 SF

      166 New Hampshire Ave, Unit 194

      MINI-MALL • 8,896 SF
      166 New Hampshire Ave, Lakewood, NJ 08701-3712
      View Details
    • Value Estimation by Request
      4,206 SF

      227 1st St

      PARKING LOT • 4,206 SF
      227 1st St, Lakewood, NJ 08701-3320
      View Details
    • Value Estimation
      $1,360,000
      114,229 SF

      395 Hwy 70

      FINANCIAL BUILDING • 114,229 SF
      395 Hwy 70, Lakewood, NJ 08701-6161
      View Details
    • Value Estimation by Request
      360 SF

      520 Chestnut St

      GAS STATION • 360 SF
      520 Chestnut St, Lakewood, NJ 08701
      View Details
    • Value Estimation by Request
      1,856 SF

      221 1st St

      PARKING LOT • 1,856 SF
      221 1st St, Lakewood, NJ 08701
      View Details
    • Value Estimation by Request
      1 SF

      Existing Car Wash & Quick Lube Plus Real Est

      Automotive properties • 1 SF
      0 Existing Car Wash & Quick Lube Plus Real Est, Lakewood, NJ 08701
      View Details

    Similar Nearby for Sale

    • $400,000

      Fully Equipped Restaurant Ready to Operate

      Turnkey restaurant with state-of-the-art kitchen and dining area.
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    • $6,800,000

      Lakewood Mixed-Use Building on Route 70

      24,000 SF mixed-use building on 2 acres in Lakewood.
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    • $949,000
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      Lakewood, NJ Vacant Land

      Premium vacant lot in the Fourteenth Street neighborhood.
      6 Walk Charlotte's, Lakewood, NJ 08701
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    • $849,000
      2,300 SF

      Classic Brick Building in Lakewood

      Adaptable brick building suitable for office or institutional use.
      200 Monmouth Ave, Lakewood, NJ 08701
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    • $749,000
      0.34 Acres

      Corner Lot in Lakewood, NJ

      0.34 acre corner lot to build your dream home.
      100 Avis Ave, Lakewood, NJ 08701
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    • New
      $424,000

      Building Lot in Lakewood, NJ

      60' x 120' building lot for sale.
      Fulton Rd, Lakewood, NJ 08701
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    Similar Nearby for Lease

    • Contact for pricing
      315,000 SF

      1900 Nj-70

      Restaurants • 315,000 SF
      1900 Nj-70, Lakewood, NJ 08701
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in Lakewood Plaza

      Retail space available in a busy shopping center.
      1900 Highway 70, Lakewood, NJ 08701
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Versatile space in high-traffic area, ideal for local businesses.
      117 E County Line Rd, Lakewood, NJ 08701
      View Details
    • Contact for pricing
      50,000 SF

      Lakewood Industrial Property For Lease

      3.25-acre property suited for manufacturing, warehouse, distribution and fulfillment.
      1940 Rutgers University Blvd, Lakewood, NJ 08701
      View Details
    • Contact for pricing
      7,000 SF

      Medical/Office Space on Route 9

      Commercial space available on a highly traveled road.
      870 River Ave, Lakewood, NJ 08701
      View Details
    • $2,000 /Mo

      Office Suites in Lakewood, NJ

      Newly designed office suites available for lease in Lakewood.
      200 Clifton Ave, Lakewood, NJ 08701
      View Details
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    Lakewood, NJ 08701
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    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
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