Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    961 Nj-36 Atlantic Highlands, NJ 07716
    Property profile & analytics

    961 Nj-36, Atlantic Highlands, NJ 07716

    View on Map
    • Retail properties & Spaces
    • 3,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 961 Nj-36

    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use property in Atlantic Highlands, New Jersey, presents a lucrative investment opportunity. Located on a high-traffic corner lot directly off Highway 36, this 3,500 square foot building boasts a strong 6.00% cap rate and 100% occupancy. The property comprises a three-family apartment building, a fully operational auto shop, and three additional storage units, generating substantial rental income. The current rents are below market value, offering significant potential for increased profitability. The B-2 Multi-Use zoning allows for diverse uses, enhancing the property's long-term value and flexibility. The asking price is $1,600,000, translating to $457.14 per square foot. This turnkey operation is ideal for investors seeking immediate cash flow and significant upside potential. The sale includes the real estate only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic Highlands
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0478
    Latitude
    40.4125

    Comparable in this City

    • Value Estimation by Request
      35.84 Acres

      Lakeside Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      Lakeside Ave, Atlantic Highlands, NJ 07716
      View Details
    • Value Estimation by Request
      11,020 SF

      2345-2399 Hwy

      Retail properties & Spaces
      2345-2399 Hwy, Atlantic Highlands, NJ 07716
      View Details
    • Value Estimation by Request
      4,584 SF

      28 1st Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      28 1st Ave, Atlantic Highlands, NJ 07716-1243
      View Details
    • Value Estimation by Request
      3,000 SF

      190 First Ave

      Individual retail properties
      190 First Ave, Atlantic Highlands, NJ 07716
      View Details
    • Value Estimation by Request
      3,016 SF

      135 1st Ave

      BAR, TAVERN
      135 1st Ave, Atlantic Highlands, NJ 07716-1240
      View Details
    • Value Estimation
      $990,000
      8,211 SF

      84 1st Ave

      FINANCIAL BUILDING
      84 1st Ave, Atlantic Highlands, NJ 07716-1289
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Iconic Property in Prime Location

      Mixed-use property with redevelopment potential in Middletown Township.
      990 State Route 36, Atlantic Highlands, NJ 07716
      View Details
    • $1,200,000

      Highway 36 Service Center

      Service center with multiple bays and rental income.
      119 Memorial Pkwy, Atlantic Highlands, NJ 07716
      View Details
    • $1,200,000
      0.42 Acres

      Highway 36 Service Center

      Service center with garages and rental income on Highway 36.
      119 Memorial Pkwy, Atlantic Highlands, NJ 07716
      View Details
    • $1,499,000
      1.30 Acres

      Iconic Commercial Property For Sale

      Iconic commercial property in great location, offered for the first time.
      990 State Route 36, Atlantic Highlands, NJ 07716
      View Details
    • $350,000

      Established Dry-Cleaning Business Opportunity

      Dry-cleaning business for sale in Atlantic Highlands, Monmouth County, NJ.
      6 Bayshore Plz, Atlantic Highlands, NJ 07716
      View Details
    • $250,000

      Land For Sale

      Land available for sale.
      22 Lenwood Ave, Atlantic Highlands, NJ 07716
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Location in Atlantic Highlands

      Functional space in downtown Atlantic Highlands, ideal for various businesses.
      65 1St Ave, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing
      1,000 SF

      Downtown Atlantic Highlands Retail/Office Space

      Commercial space in vibrant coastal community, ideal for retail/office.
      20 Center Ave, Atlantic Highlands, NJ 07716
      View Details
    • $2,000 /Mo
      1,000 SF

      Atlantic Highlands Commercial Space For Rent

      Commercial space in vibrant coastal community, ideal for office or retail.
      20 Center Ave, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space in High Traffic Center

      Retail space available in high-traffic Atlantic Highlands shopping center.
      2345-2399 Hwy 36, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing

      High Traffic Commercial Land

      Commercial land available for lease in high-traffic area.
      220 Memorial Pkwy, Atlantic Highlands, NJ 07716
      View Details
    • Contact for pricing
      5,922 SF

      Renovated Office Suites Near Ferry

      Prime office space in Atlantic Highlands, commuter-friendly location.
      68 1St Ave, Atlantic Highlands, NJ 07716
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    961 Nj-36
    Atlantic Highlands, NJ 07716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    961 Nj-36, Atlantic Highlands, NJ, 07716
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!