Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    510 Union Ave, Unit 2 Union Beach, NJ 07735

    • Individual retail properties
    • 3,964 SF
    • 0.13 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0261571
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Individual retail properties

    Property Details for 510 Union Ave

    Year built
    1945
    Lot size
    0.13 lot acres
    Property size
    3,964 SF
    Zone code
    B-1
    Property type
    Individual retail properties
    APN
    50 00212-0000-00017
    APU
    5000212000000017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Union Beach
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.1658
    Latitude
    40.4447
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,806
    $106,900
    $473,800
    $580,700
    -
    $106,900
    $473,800
    $580,700

    Comparable in this City

    • Value Estimation by Request
      4,322 SF

      223 Frnt St

      LIQUOR STORE • 4,322 SF
      223 Frnt St, Keyport, NJ 07735-1041
      View Details
    • Value Estimation
      $525,000
      1,651 SF

      56 Broad St

      LIQUOR STORE • 1,651 SF
      56 Broad St, Keyport, NJ 07735-1244
      View Details
    • Value Estimation
      $1,010,000
      3,552 SF

      610 Florence Ave

      LIQUOR STORE • 3,552 SF
      610 Florence Ave, Union Beach, NJ 07735-2531
      View Details
    • Value Estimation by Request
      5,388 SF

      51 Frnt St

      PRINTER - RETAIL • 5,388 SF
      51 Frnt St, Keyport, NJ 07735-1524
      View Details
    • Value Estimation by Request
      2,394 SF

      226 Frnt St

      GROCERY, SUPERMARKET • 2,394 SF
      226 Frnt St, Keyport, NJ 07735-1080
      View Details
    • Value Estimation by Request
      2,322 SF

      1135 Florence Ave

      GROCERY, SUPERMARKET • 2,322 SF
      1135 Florence Ave, Union Beach, NJ 07735-2631
      View Details

    Similar Nearby for Sale

    • $1,175,000
      5,268 SF

      Waterfront Mixed-Use Investment Opportunity

      Mixed-use property in Keyport with water views and redevelopment potential.
      11 W Front St, Keyport, NJ 07735
      View Details
    • $450,000
      0.02 Acres

      Mixed-Use Property in Downtown Keyport

      Charming mixed-use property in Keyport's vibrant business district.
      55 E Front St, Keyport, NJ 07735
      View Details
    • Contact for pricing
      22,476 SF

      Mixed-Use Commercial Building For Sale

      Three-story mixed-use commercial building with retail and warehouse space.
      25 Church St, Keyport, NJ 07735
      View Details
    • $780,000

      Turnkey Mixed-Use Investment Opportunity

      100% occupied, renovated mixed-use property in downtown Keyport.
      15 Main St, Keyport, NJ 07735
      View Details
    • $599,000
      1,271 SF

      Keyport Commercial Units For Sale

      Three commercial units in downtown Keyport, near the waterfront.
      5 W Front St, Keyport, NJ 07735
      View Details
    • Contact for pricing

      Former 7-Eleven in Keyport, NJ

      2,640 SF building on 0.25 AC available for sale.
      196 Highway 35, Keyport, NJ 07735
      View Details

    Similar Nearby for Lease

    • $3,231 /Mo
      1,650 SF

      Keyport Retail Space For Lease

      1,650 SF retail space in Keyport's commercial heart.
      11 W Front St, Keyport, NJ 07735
      View Details
    • Contact for pricing
      5,031 SF

      Retail Space in Keyport Center

      Outparcel retail opportunity in Stop & Shop anchored shopping center.
      109 State Route 35, Keyport, NJ 07735
      View Details
    • Contact for pricing

      Union Beach Commercial Space Available

      Well-maintained commercial space with highway exposure in Union Beach, NJ.
      1017 Rte 36, Union Beach, NJ 07735
      View Details
    • Contact for pricing
      750 SF

      Union Beach Commercial Space Available

      Ground level space in growing beach community for rent.
      510 Union Ave, Union Beach, NJ 07735
      View Details
    • $3,231 /Mo
      1,650 SF

      Keyport Retail Space with Waterfront Views

      1650 SF retail space with water views in Keyport.
      11 W Front St, Keyport, NJ 07735
      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.
    510 Union Ave, Unit 2
    Union Beach, NJ 07735
    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.
    Sign Up Successful!
    You now have access to more from Realmo!