Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    909 Bay Ave Barnegat Township, NJ 08005

    • Retail properties
    • 13,205 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PMD 3 Ocean / Government Office

    Property Details for 909 Bay Ave

    Property size
    13,205 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 909 West Bay Avenue in Barnegat Township, New Jersey, offers a unique opportunity for businesses seeking prime retail space. The property is zoned Neighborhood Commercial (C-N) and boasts a total building size of 13,205 square feet, with a significant 8,500 square feet currently available for lease. The property type is classified as Retail and Land, specifically a Commercial Pad site, ideal for a variety of retail uses. Multiple tenancies are possible, providing flexibility for potential tenants. Situated in Ocean County, New Jersey, with a zip code of 08005, this location benefits from high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a thriving community. The property's address is 909 West Bay Avenue, Barnegat, NJ 08005. The substantial vacant space presents a blank canvas for businesses to create their ideal retail environment. This is a rare opportunity to secure a prominent location in a desirable area with high foot traffic and excellent visibility. The property's location offers easy access to major roadways and a strong customer base. Serious inquiries are encouraged to explore the possibilities of this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Barnegat Township
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2448
    Latitude
    39.7575

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      909 Bay Ave

      Retail properties • 4,500 SF
      909 Bay Ave, Barnegat Township, NJ 08005
      View Details
    • Value Estimation by Request

      176 Gunning River Rd

      Land
      176 Gunning River Rd, Barnegat Township, NJ 08005
      View Details
    • Value Estimation by Request
      1.30 Acres

      4 Union Blvd

      Land • 1.30 Acres
      4 Union Blvd, Barnegat Township, NJ 08005
      View Details
    • Value Estimation by Request

      26 Main St

      Land
      26 Main St, Barnegat Township, NJ 08005
      View Details
    • Value Estimation by Request
      4.71 Acres

      835 Bay Ave

      Self storage facilities • 107,720 SF
      835 Bay Ave, Barnegat Township, NJ 08005
      View Details
    • Value Estimation by Request
      20.04 Acres

      229 Route 72

      Land • 20.04 Acres
      229 Route 72, Barnegat Township, NJ 08005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Bay Avenue Commercial Land Opportunity

      ±4,500 SF Pad Site w/ Drive-Thru
      909 Bay Ave, Barnegat Township, NJ 08005
      View Details
    • $550,000
      1.30 Acres

      Prime Barnegat Commercial Land

      1.3-acre lot, fully approved for development
      4 Union Blvd, Barnegat Township, NJ 08005
      View Details
    • Contact for pricing
      8,500 SF

      Retail Space Available Early 2024

      New construction retail space available early 2024 in Barnegat, NJ.
      909 West Bay Ave, Barnegat, NJ 08005
      View Details
    • $59,900
      2.46 Acres

      Vacant Land in Barnegat, NJ

      Vacant land for sale, buyer to verify permitted uses.
      Pancoast Rd, Barnegat, NJ 08005
      View Details
    • Contact for pricing
      0.25 Acres

      Land in Barnegat, New Jersey

      Land available in Barnegat, New Jersey for Pineland credits.
      6 Jolly Roger Dr, Barnegat, NJ 08005
      View Details
    • Contact for pricing

      Landlocked Vacant Land For Sale

      Vacant land with no current street access.
      91 Matisse Ave, Barnegat, NJ 08005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,205 SF

      Prime Barnegat Retail Space

      High-traffic location, 8,500 sq ft available.
      909 Bay Ave, Barnegat Township, NJ 08005
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Mall

      Retail spaces available in a high-traffic shopping mall.
      912 170, Barnegat, NJ 08005
      View Details
    • Contact for pricing
      478,289 SF

      Retail Space in High-Traffic Mall

      Retail spaces available in a high-visibility, accessible Barnegat mall.
      912 170, Barnegat, NJ 08005
      View Details
    • Contact for pricing
      10,147 SF

      Retail Space with Drive-Thru

      10,147 SF retail space suitable for drive-thru restaurant.
      895 W Bay Ave, Barnegat, NJ 08005
      View Details
    • Contact for pricing

      Commercial Rental Units Available

      Two commercial units with full baths and high visibility.
      396 N Main St, Barnegat, NJ 08005
      View Details
    • Contact for pricing
      57,523 SF

      Bay Shore Plaza: Retail Opportunity

      Manahawkin retail space, ample parking.
      580 Main St, Barnegat Township, NJ 08005
      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.
    909 Bay Ave
    Barnegat Township, NJ 08005
    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

    Google sign-in failed. Please try again or use another login method.